CPSC-PR-24-323 (Jul. 30, 2024) CPSC Finds Amazon Responsible Under Federal Safety Law for Hazardous Products Sold by Third-Party Sellers on Amazon.com – Amazon Ordered to Develop Remediation Plans to Notify Purchasers and the Public and to Implement Remedies to Remove Products from Consumers’ Homes WASHINGTON, D.C. – The U.S. Consumer Product Safety Commission (CPSC) today issued a Decision […]
Category: News About Companies
News About Companies on JCAP101.com offers updates on how companies engage with regulatory authorities, covering compliance issues, approvals, and legal challenges. This section highlights key developments like new regulations affecting specific industries, investigations into corporate practices, and the results of regulatory reviews or enforcement actions. By emphasizing these interactions, the platform provides valuable insights into how regulatory changes and decisions shape corporate strategies, operations, and market performance.
FTC-PR-240307-1 (Mar. 7, 2024) XCL Resources Seeks FTC’s Prior Approval for Altamont Energy Acquisition – FTC invites public to comment on pending oil & gas acquisition The Federal Trade Commission is requesting public comment on an application from XCL Resources Holdings, LLC, a subsidiary of private equity firm EnCap Investment L.P., seeking prior approval from […]
FTC-PR-240227-2 (Feb. 27, 2024) FTC Action Leads to Ban for Owners of Automators AI E-Commerce Money-Making Scheme – Settlement requires scheme owners and operators to turn over millions in assets for refunds to consumers harmed by bogus earnings promises The owners of a money-making scheme that claimed to use artificial intelligence to boost earnings for […]
FTC-PR-240226-2 (Feb. 26, 2024) FTC Action Leads to Ban for Company and Its Owner Who Failed to Ship PPE ‘Next Day’ at Height of Pandemic – Proposed court order would ban Kevin Lipsitz and SuperGoodDeals from selling protective equipment, requires Lipsitz to turn over more than $145,000 As a result of a Federal Trade Commission […]
FTC-PR-240226-1 (Feb. 26, 2024) FTC Challenges Kroger’s Acquisition of Albertsons – Largest supermarket merger in U.S. history will eliminate competition and raise grocery prices for millions of Americans, while harming tens of thousands of workers, FTC alleges The Federal Trade Commission today sued to block the largest proposed supermarket merger in U.S. history—Kroger Company’s $24.6 […]
FTC-PR-240223-2 FTC Takes Action Against Tax Prep Company H&R Block For Wiping Consumers’ Data, Deceptively Marketing ‘Free’ Online Filing – Complaint outlines unfair deletion of tax data when consumers attempt to downgrade to more affordable products The Federal Trade Commission is taking action against tax preparation company H&R Block for unfairly deleting consumers’ tax data […]
FTC-PR-240223-1 (Feb. 23, 2024) FTC Finalizes Order with Global Tel*Link Over Security Failures that Led to Breach of Sensitive Data The Federal Trade Commission has finalized an order with prison communications provider Global Tel*Link Corp. and two of its subsidiaries settling charges they failed to secure sensitive data of hundreds of thousands of users and […]
FTC-PR-240222-1 (Feb. 22, 2024) FTC Order Will Ban Avast from Selling Browsing Data for Advertising Purposes, Require It to Pay $16.5 Million Over Charges the Firm Sold Browsing Data After Claiming Its Products Would Block Online Tracking – FTC says despite its promises to protect consumers from online tracking, Avast sold consumers’ browsing data to […]
FTC-PR-240220-1 (Feb. 20, 2024) FTC Sends Almost 160,000 Claim Forms to Consumers Who Could Receive Money Under a Settlement with LasikPlus Providers Over Deceptive Price Advertising The Federal Trade Commission is sending claim forms to consumers who may have been misled by deceptive bait-and-switch advertising by Ohio-based LCA-Vision, doing business as LasikPlus and Joffe MediCenter […]
Article – Monopoly Business (Articles) A Monopoly Business is a market structure where a single seller or producer dominates the entire industry, and there are no close substitutes for the goods or services they offer. This level of market power allows the monopoly to control prices, quantities, and other market variables, often to the detriment […]