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 Announces Winner of its Internet of Things Home Device Security Contest

The Federal Trade Commission announced that a mobile app developed by a New Hampshire software developer was awarded the top prize in the agency’s competition seeking tools to help consumers protect the security of their Internet of Things (IoT) devices.
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FTC Office and Bureau Directors Comment on State Legislative Proposal Affecting Compensation for North...

In response to a request from North Carolina Assistant Attorney General Roberta A. Ouellette, the directors of the Federal Trade Commission’s Office of Policy Planning, Bureau of Competition and Bureau of Economics have issued a comment on the competitive impact of proposed legislation affecting compensation for real estate appraisers in North Carolina.
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FTC Challenges Louisiana Real Estate Appraisal Board Regulations that Restrict Competition

The Federal Trade Commission has filed a complaint against the Louisiana Real Estate Appraisal Board, alleging that the group is unreasonably restraining price competition for appraisal services in Louisiana, contrary to federal antitrust law.
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FTC Obtains Court Order Requiring Owner of Precious Metals Investment Scam To Surrender Florida...

A federal court has granted the Federal Trade Commission’s request fo
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FTC Staff Submits Comment to FERC on Helping New Electricity Generators Connect to the...

The Federal Trade Commission staff has submitted a comment to the U.S. Federal Energy Regulatory Commission (FERC). The staff comment responds to FERC’s request for comments on its proposal to improve the rules governing how electricity generation facilities connect to the transmission grid. These reforms are designed to allow wholesale power producers to connect to the transmission grid more quickly and cost-effectively
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Final Defendant in Alleged Mortgage Relief Scam Settles FTC Charges

The final defendant in an alleged mortgage relief scam that preyed upon distressed homeowners will be banned from selling mortgage or debt relief services under a settlement with the Federal Trade Commission.
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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

Popular Government & Nonprofit Press Releases

USDOJ

Construction Company Sentenced for Clean Air Act Violations in Puerto Rico

A construction company was sentenced today to a fine of $1.5 million dollars and three years of probation for violating the federal Clean Air Act, announced the Justice Department. AIREKO Construction Company failed to comply with the asbestos National Emission Standards for Hazardous Air Pollutants during the illegal removal of asbestos containing materials from the Minillas North Tower in May 2012, according to court documents.

Recent Government & Nonprofit Press Releases

Oak Grove Crossing

Hanley Investment Group Completes Sale of Shadow-Anchored Target Shopping Center in...

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm represented the buyer and seller in the sale of Oak Grove Crossing, a 22,577-square-foot shopping center shadow-anchored by Target in Riverside County, Calif. Oak Grove Crossing is located at 18283 &18285 Collier Avenue in the city of Lake Elsinore, Calif. The purchase price was $11,565,200.