Authors Posts by Federal Trade Commission

Federal Trade Commission

Federal Trade Commission

The Federal Trade Commission (FTC) deals with issues that touch the economic life of every American. It is the only federal agency with both consumer protection and competition jurisdiction in broad sectors of the economy.

The FTC pursues vigorous and effective law enforcement; advances consumers’ interests by sharing its expertise with federal and state legislatures and U.S. and international government agencies; develops policy and research tools through hearings, workshops, and conferences; and creates practical and plain-language educational programs for consumers and businesses in a global marketplace with constantly changing technologies.

Contact:

202-326-3224
1-877-FTC-HELP (1-877-382-4357)

FTC

FTC Preserves Competition in Merger of Enbridge Inc. and Spectra Energy Corp

Energy infrastructure companies Enbridge Inc. and Spectra Energy Corp have agreed to settle Federal Trade Commission charges that the proposed merger of Enbridge and Spectra likely would harm competition in the market for pipeline transportation of natural gas in three production areas off the coast of Louisiana.

FTC Undercover Inspections of Funeral Homes in Nine States Prompt Compliance with Funeral Rule...

Federal Trade Commission investigators working undercover in nine states found failures to disclose pricing information to consumers, as required by the FTC’s Funeral Rule, in 31 of the 133 funeral homes they visited during 2015 and 2016.

Marketer of Water Filtration Systems Settles with FTC, Agrees to Drop Misleading ‘Made in...

A Georgia-based distributor of water filtration systems will stop making misleading unqualified claims that its products are made in the United States, under a settlement with the Federal Trade Commission.

FTC Halts Scheme That Advertised Phony Rental Properties and ‘Free’ Credit Reports to Enroll...

The Federal Trade Commission has charged Credit Bureau Center LLC and three individuals with luring consumers with fake rental property ads and deceptive promises of “free” credit reports into signing up for a costly credit monitoring service.

Mortgage Relief Defendant Banned from Debt Relief Business

Damian Kutzner, one of the operators of a mortgage relief scheme that bilked millions of dollars from financially distressed homeowners, has agreed to a court order banning him from the debt relief business

FTC Announces Internet of Things Challenge to Combat Security Vulnerabilities in Home Devices

The Federal Trade Commission announced today that it is challenging the public to create an innovative tool that will help protect consumers from security vulnerabilities in the software of home devices connected to the Internet of Things. The agency is offering a cash prize of up to $25,000 for the best technical solution, with up to $3,000 available for up to three honorable mention winner(s)

FTC and Department of Justice Submit Comment to FERC on Need for Careful Market...

The Federal Trade Commission and the Department of Justice’s Antitrust Division have submitted a comment to the U.S. Federal Energy Regulatory Commission (FERC) regarding market power in wholesale electricity markets. The comment responds to a FERC request for comments on how it assesses market power with respect to mergers and electricity sales at market-based rates, which it evaluates under the Federal Power Act (FPA).

FTC Action: Court Bans Mortgage Relief Scammers from Debt Relief Business

The operators of an alleged mortgage relief scam that preyed upon distressed homeowners are banned from the mortgage loan modification and debt relief business under a court order obtained by the Federal Trade Commission.

FTC Action: Court Orders Ban Mortgage Relief Scammers from Mortgage Modification and Debt Relief...

The principals of a mortgage relief operation and their companies are banned from the mortgage loan modification and debt relief business under court orders obtained by the Federal Trade Commission. The orders resolve charges that the scheme falsely promised financially distressed homeowners they would receive legal representation to prevent foreclosure or lower their mortgage payments and interest rates, and illegally charged thousands of dollars in advance

FTC Consumer Tips for Homeowners and People Affected by Louisiana Floods

In the wake of the flooding in Louisiana, the Federal Trade Commission has developed a series of blog posts with useful information for homeowners and people affected by the floods, and for those who want to help victims with charitable donations

FTC Should Ban Forced Arbitration Clauses in Solar Leases

Forced arbitration clauses have no place in solar leasing contracts. These “rip-off clauses” hidden in the fine print rob consumers of the ability to take a company to court if it breaks the law or engages in abusive practices.

Funeral Home Settles FTC Charges it Violated Funeral Rule

A Montgomery, Alabama, funeral home has agreed to settle FTC charges that it violated the Funeral Rule. The Rule requires funeral providers to give consumers pricing and other important information when discussing funeral arrangements.<

FTC Cracks Down on Debt Relief Schemes Targeting Student Loan and Mortgage Borrowers

The Federal Trade Commission and the State of Florida have taken action against two operations charged with running phony student loan debt relief schemes, and defendants in a similar FTC action brought earlier this year have agreed to a ban on participating in any debt relief business, as part of a consumer protection crackdown to combat such frauds.

FTC Workshop Will Examine Competition and Consumer Protection Issues in the Rooftop Solar Business

The Federal Trade Commission will hold a workshop in Washington, DC, on June 21, 2016, to examine competition and consumer protection issues raised by consumers’ growing use of rooftop solar panels to generate their own electric power.

FTC Returns Money to Consumers Harmed by Mortgage Relief Services Scam

The Federal Trade Commission is mailing 474 checks totaling more than $33,000 to consumers who lost money to a scheme that charged homeowners an up-front fee for mortgage relief services they promised but never provided.

Scammer Banned from Debt and Mortgage Relief Business, Telemarketing

Denny Lake, the final individual defendant in a mortgage modification scam aimed at financially strapped homeowners, will be banned from selling debt relief and mortgage-related products and services, and from telemarketing under a court order obtained by the Federal Trade Commission.

FTC Brings Action Against Debt Relief Operation that Targeted Financially Distressed Homeowners and Student...

The Federal Trade Commission has charged a debt relief operation with falsely representing to financially distressed homeowners and student loan borrowers that it would help get their mortgages and student loans modified. At the FTC’s request, a federal court has temporarily halted the operation. The agency seeks to permanently stop the alleged illegal practices and obtain refunds for affected consumers.

ASUS Settles FTC Charges That Insecure Home Routers and “Cloud” Services Put Consumers’ Privacy...

Taiwan-based computer hardware maker ASUSTeK Computer, Inc. has agreed to settle Federal Trade Commission charges that critical security flaws in its routers put the home networks of hundreds of thousands of consumers at risk. The administrative complaint also charges that the routers’ insecure “cloud” services led to the compromise of thousands of consumers’ connected storage devices, exposing their sensitive personal information on the internet.

FTC Approves Final Order Preserving Competition in Worldwide Market for RF Power Amplifiers

Following a public comment period, the Federal Trade Commission has approved a final order settling charges that NXP Semiconductors N.V.’s $11.8 billion acquisition of Freescale Semiconductor Ltd. would likely harm competition in the worldwide market for RF power amplifiers.

Scammers Banned from Mortgage Relief Business, Telemarketing

Four mortgage modification scammers, Brian Pacios, Chad Caldaronello, Justin Moreira and Derek Nelson will be banned from selling debt relief products and services under settlements resolving Federal Trade Commission charges that they deceived homeowners facing foreclosure

Operators of Alleged Tech Support Scam Settle FTC Charges, Will Surrender Money and Property

The operators of an alleged tech support scam agreed to settle Federal Trade Commission charges that they tricked consumers into paying millions of dollars for technical support services they did not need and software that was otherwise free

Is Solar Power Right for You? FTC Tips Highlight Homeowners’ Options

Solar Power for Your Home explains costs and benefits of buying or leasing a system, or signing a power purchase agreement. It also has tips to help you evaluate companies and products, and advice about what to know – about tax breaks, rate changes and what happens when you sell your house – before you sign a contract.

FTC Returns Money to Consumers in Mortgage Relief Scam

The Federal Trade Commission is mailing 2,653 checks totaling more than $467,000 to consumers who lost money to a scheme that charged large up-front fees for mortgage relief services that were not provided.

Court Halts Mortgage Relief Operation that Targeted Homeowners Facing Foreclosure

At the Federal Trade Commission’s request, a federal court halted a sham operation that allegedly told financially distressed homeowners it would help get their mortgages modified, but instead effectively stole their mortgage payments, leading some to foreclosure and bankruptcy. The FTC seeks to permanently stop the scheme and its participants’ illegal practices. It also filed a contempt action against one of the scheme’s principals, Brian Pacios, who is under a previous court order that prohibited him from mortgage relief activities

National Mortgage Servicing Company Will Pay $63 Million to Settle FTC, CFPB Charges

A national mortgage servicing company will pay $63 million to resolve Federal Trade Commission and Consumer Financial Protection Bureau charges that it harmed homeowners with illegal loan servicing and debt collection practices.

Court Temporarily Halts Company From Offering Mortgage Relief Services

Continuing to crack down on phony mortgage relief programs, a federal court has temporarily halted Los Angeles-based Wealth Educators, Inc. and its president from offering mortgage relief services at the Federal Trade Commission’s request. The agency charged the defendants with failing to provide the help they promised homeowners, while charging a hefty up-front fee. The company also told consumers to stop making their monthly mortgage payments, leading some facing the prospect of foreclosure.

Marketers Banned From Mortgage Relief and Debt Relief Services Industry in Settlement with FTC

Marketers who helped promote a Utah-based home loan modification scheme will be banned from the mortgage relief and debt relief industries under a court settlement resolving charges by the Federal Trade Commission that they violated the law by promoting the loan modification scam, which conned consumers into paying hefty fees for worthless mortgage relief services.

Mortgage Relief Pitchmen Settle FTC Charges That They Deceived Consumers

WASHINGTON, D.C. - February 5, 2015 - (RealEstateRama) -- A group of Utah-based defendants claiming to be legal experts in loan modifications have settled Federal Trade Commission charges that they broke the law by conning consumers into paying hefty fees for worthless mortgage relief services. The five proposed orders settling the FTC’s charges ban the defendants, led by Philip J. Danielson and his company, Danielson Law Group, from offering mortgage assistance relief services and from participating in the debt relief industry

Funeral Home Settles FTC Charges It Violated the Funeral Rule

WASHINGTON, D.C. - February 2, 2015 - (RealEstateRama) -- An Ohio funeral home operator has agreed to pay a civil penalty to settle Federal Trade Commission charges for violating the agency’s Funeral Rule, which requires funeral providers to provide information consumers need to compare prices and buy only the funeral services and goods they want.

FTC Settlement Bans Florida Scammer from Mortgage Modification and Loan Business

WASHINGTON, D.C. - December 16, 2014 - (RealEstateRama) -- A Florida-based scammer will be banned from the mortgage modification business as part of a settlement resolving Federal Trade Commission charges that he tricked financially strapped consumers into paying for mortgage-relief services that he never provided

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Statement from NAHB Chairman Granger MacDonald on Steven Mnuchin’s Confirmation as...

Granger MacDonald, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Kerrville, Texas, today issued the following statement regarding the Senate confirmation of Steven Mnuchin as Secretary of the Treasury

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Eric Wohl

Phillips Edison Sells Five Shopping Centers Totaling 583,000 SF

Hanley Investment Group, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that in separate transactions Hanley Investment Group's Executive Vice President Eric Wohl served as advisor in bringing the buyer and seller together in the sale of five shopping centers owned by Cincinnati, Ohio-based firm Phillips Edison & Company, one of the nation’s largest owners and managers of grocery-anchored shopping centers. The buyer was Albanese Cormier Holdings, a commercial real estate investment company based in Beaumont, Texas