Monitoring the financial services industry to help companies navigate through regulatory compliance, enforcement, and litigation issues
In the FTC’s annual report detailing consumer complaints, complaints against debt collectors topped the list for the first time in 15 years.
The FTC received more than 3 million complaints in 2015. That’s up from 2.5 million in 2014. Some of the increase can be attributed to the fact that more people know to …
Businesses engaged in web-based advertising should pay careful attention to two recent actions by the Federal Trade Commission indicating the Commission is closely scrutinizing online marketing practices.
One action involved Lumos Labs, Inc., the owner of the online “brain game” portal Lumosity; the other involved Stratford Career Institute, an online school purporting to offer high…
The FTC and Maine Office of the Attorney General recently announced a joint settlement with two Portland–based sellers of weight loss supplements. The joint complaint filed in the United States District Court for the District of Maine alleged that Anthony Dill, his wife Staci Dill, and their two companies, Direct Alternatives and Original …
In February, the FTC settled claims against Taiwan-based computer hardware maker ASUSTek Computer, Inc. over allegations the company misled consumers about the security of its routers and cloud services. ASUS routers are used primarily in private homes to establish internet connections for personal devices such as laptops, tablets, and phones. The cloud services were provided…
The Federal Trade Commission announced today that it had agreed to settle charges against Capital Payments LLC (now known as Bluefin Payment Systems, LLC), for its alleged involvement with The Tax Club, a group of entities engaged in fraudulently telemarketing development services, including business formation, counseling, credit development, and marketing to individuals seeking to establish …
The Federal Trade Commission recently unveiled significant enhancements to its online portal designed to help victims recover from identity theft. Victims can now file a complaint with the FTC at identitytheft.gov and get a free, personalized identity theft recovery plan. The upgraded site comes in response to an October 2014 executive order issued by President …
We are pleased to announce that Troutman Sanders partners Keith Barnett and Stephen Piepgrass will participate in a webinar entitled “The Telemarketing Sales Rules and Third Party Payment Processors” on Tuesday, January 26 at 12:00 noon EST.
The Federal Trade Commission and Consumer Financial Protection Bureau have initiated many investigations and enforcement actions against …
In late December, the Federal Trade Commission and Florida Attorney General filed an amended complaint in an action pending in the United States District Court for the Middle District of Florida that charged nine defendants with violations of the Federal Trade Commission Act, the Telemarketing and Consumer Fraud and Abuse Prevention Act (“Telemarketing Act”), the …
Henry Schein Practice Solutions, Inc., the provider of leading office management software for dental practices, has agreed to pay $250,000 to settle Federal Trade Commission charges for allegedly misrepresenting the advertised level of encryption it provided to protect patient data.
Schein sold management software, known as Dentrix G5, to dental practices. Dentists used Dentrix G5 …
“The era of big data has arrived,” begins the Federal Trade Commission’s report released on January 6, entitled “Big Data: A Tool for Inclusion or Exclusion? Understanding the Issues.” The report demonstrates that the FTC and industry will continue to draw lines on the use of data analytics into 2016.
The phrase “big data,” according …
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