RealEstateRama Authors Posts by Federal Trade Commission
At the Federal Trade Commission’s request, a federal district court in Maryland issued an order temporarily shutting down the largest overseas real estate investment scam the FTC has ever targeted.
FTC to Announce Enforcement Action against Largest International Real Estate Investment Scheme the Agency...
The Federal Trade Commission will hold a press conference on Thursday, November 8 at 11 am in Washington, DC, to announce a law enforcement action against the largest-ever international real estate investment scheme the agency has encountered.
Following a public comment period, the Federal Trade Commission has approved a final order settling charges that Dublin, Ireland-based construction company CRH plc’s $3.5 billion acquisition of its Kansas-based competitor Ash Grove Cement Company likely would be anticompetitive.
FTC Testifies before House Energy and Commerce Subcommittee about Agency’s Work to Protect Consumers,...
In testimony before the U.S. House Energy and Commerce Subcommittee on Digital Commerce and Consumer Protection, the Federal Trade Commission described its work to protect consumers and promote competition, and stressed the agency’s commitment to maximizing its resources, enhancing its effectiveness, and anticipating and responding to changes in the marketplace.
FTC Wins $5.2 Million Judgment against Defendants Who Tricked Consumers with Ads for Non-existent...
A federal judge has ordered Credit Bureau Center, LLC and its owner, Michael Brown, to pay more than $5.2 million to return to consumers, to resolve FTC charges that they deceived people with fake rental property ads and deceptive promises of “free” credit reports, and then tricked them into enrolling into a costly monthly credit monitoring service.
The Federal Trade Commission will require Dublin, Ireland-based construction company CRH plc to divest facilities in three states as part of a settlement resolving charges that CRH’s $3.5 billion acquisition of its Kansas-based competitor Ash Grove Cement Company is anticompetitive and violates federal antitrust law.
Benjamin R. Horton is banned from the debt relief business under a settlement with the Federal Trade Commission for his role in a mortgage relief scheme that falsely promised financially distressed homeowners foreclosure prevention and more affordable mortgage payments.
The Federal Trade Commission and Department of Justice will hold a joint public workshop in Washington, DC on June 5, 2018, to explore competition issues in the residential real estate brokerage industry.
The Federal Trade Commission and Department of Justice issued the agenda today for a joint public workshop that will explore competition issues in the residential real estate brokerage industry. The workshop will take place on June 5, 2018, at the FTC’s Constitution Center Auditorium, 400 7th St., SW, Washington, DC.
The Federal Trade Commission has charged a mortgage relief operation with deceiving distressed homeowners by falsely promising to make their mortgages more affordable and prevent foreclosure. A federal court temporarily halted the scheme and froze the defendants’ assets at the FTC’s request.
The Federal Trade Commission and Department of Justice announced today that they will hold a joint public workshop in Washington, DC on June 5, 2018, to explore competition issues in the residential real estate brokerage industry.
Community Newspaper Owner Oregon Lithoprint Inc. Settles Charges that It Restrained Competition in the...
Oregon Lithoprint Inc., owner of the News-Register, a twice-weekly community newspaper based in Yamhill, Oreg., has agreed to settle FTC charges that it invited a competitor to collude in an arrangement to divide the market for placement of foreclosure notices.
The Federal Trade Commission is mailing 862 refund checks totaling more than $533,000 to consumers deceived by a phony mortgage relief scheme allegedly perpetrated by a company called A to Z Marketing, Inc. Starting today, many homeowners who paid for the bogus “service” will receive refunds, with the average check totaling $619.24 and representing 26 percent of the money consumers lost.
The Federal Trade Commission has charged a mortgage loan modification operation with deceiving financially distressed homeowners by falsely promising to prevent foreclosure and make their mortgages more affordable. A federal court temporarily halted the scheme and froze the defendants’ assets at the FTC’s request.
Two brothers and the companies they ran have settled a federal district court complaint brought by the Federal Trade Commission and litigated by the Department of Justice, that charged them with running a telemarketing operation that made millions of illegal robocalls promising consumers energy savings in order to generate leads to sell to solar panel installation companies
FTC Obtains Court Order against Deceptive Marketers Who Tricked Consumers with Ads for Non-existent...
The Federal Trade Commission has obtained a court order against two men for their roles in an alleged scheme that lured consumers with fake rental property ads and deceptive promises of “free” credit reports into signing up for a costly credit monitoring service. The two settling defendants will pay a total of $762,000 to resolve the agency’s claims.
A federal court has found that Jeremy Foti and Charles Marshall, acting through Brookstone Law and Advantis Law, “made numerous false and/or misleading material statements to consumers” when selling legal services for purported mortgage relief.
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.
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.
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.