For Release: April 29, 2008 FTC Testifies on Efforts to Protect Consumers in Subprime Mortgage Market The Federal Trade Commission testified before the U.S. Senate Committee on Commerce, Science, and Transportation’s Subcommittee on Interstate Commerce, Trade, and Tourism, about the Commission’s continuing efforts to protect subprime mortgage borrowers.
For Release: April 29, 2008 FTC Charges Mortgage Foreclosure “Rescuers” The Federal Trade Commission has charged Foreclosure Solutions, LLC and Timothy A. Buckley with operating a nationwide mortgage foreclosure “rescue” scam that charged consumers as much as $1,200 to save their homes from foreclosure but failed to do so.
For Release: April 28, 2008 Work-At-Home Marketer Settles FTC Charges in Envelope-Stuffing SchemeByron C. Peterson has agreed to settle Federal Trade Commission charges for his role in an operation that allegedly misled consumers with false earnings claims for an envelope-stuffing business opportunity.
For Release: April 23, 2008 Court Orders Telemarketers Responsible for “Wal-Mart” Shopping Spree Scam to Pay $28.2 MillionThe Federal Trade Commission today announced several court actions obtained against a nationwide telemarketing scheme that the media has dubbed the “Wal-Mart Shopping Spree” scam. In this scam, consumers were falsely promised free gifts and wrongfully paid monthly fees for “program memberships” such as discount buyers’ and travel clubs.
April 22, 2008
For Release: April 22, 2008 Debt Reduction Defendant Settles FTC Charges The last “Debt-Set” defendant has agreed to settle Federal Trade Commission charges for his role in an operation that allegedly violated federal law by falsely claiming that it could reduce consumers’ credit card interest rates or the amount of their credit card debt.
For Your Information: April 22, 2008 FTC Extends Time Period for Public Comment on Jewelry GuidesCommission approval of public comment period extension – By a vote of 4-0, the Commission has approved an extension of the public comment period related to the recently proposed amendment to the platinum section of the FTC’s Guides for the Jewelry, Precious Metals, and Pewter Industries, commonly known as the Jewelry Guides.
April 18, 2008
For Your Information: April 18, 2008 FTC Files Comment with FERC on Competition in Wholesale ElectricityCommission filing of comment with FERC – The FTC has approved the filing of a comment with the Federal Energy Regulatory Commission (FERC) concerning proposals aimed at strengthening competition in organized electric power markets to increase economic efficiency, improve electric system reliability, and enhance consumer welfare.
For Your Information: April 18, 2008 Commission Approves Final Consent Order in Matter of Life is Good, Inc.Commission approval of final consent order – Following a public comment period, the Commission has approved the issuance of a final consent order in the matter of Life is good, Inc., and Life is good Retail (collectively LIG).
For Your Information: April 15, 2008 Commission Approves Final Consent Order in Matter of Connecticut Chiropractic AssociationCommission approval of final consent order - Following a public comment period, the Commission has approved the issuance of a final consent order in the matter concerning the Connecticut Chiropractic Association (CCA), the Connecticut Chiropractic Council (CCC), and Robert L. Hirtle (CCA’s legal counsel).
For Release: April 10, 2008 FTC Chairman William E. Kovacic to Participate in Seventh Annual International Competition Network Conference in Kyoto, JapanFederal Trade Commission Chairman William E. Kovacic will participate in the seventh annual International Competition Network (ICN) Conference in Kyoto, Japan, April 14-16, 2008, when senior government antitrust officials, private sector antitrust experts from around the world, and representatives from intergovernmental organizations will discuss competition issues.
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For Release: April 10, 2008 Defendant Settles with FTC in Cross-Border Telemarketing Fraud CaseCharles P. Farrugia, a defendant in a Federal Trade Commission lawsuit against a fraudulent telemarketing scheme based in Canada, has agreed to settle FTC charges for his role in allegedly scamming American businesses into paying for business directories and listings they didn’t order.
For Your Information: April 7, 2008 FTC Approves Federal Register Notice Reopening Public Comment Period on Petition Related to Textile RulesCommission approval of Federal Register notice: The Commission has approved the publication of a Federal Register notice reopening the public comment period on a petition submitted to the FTC pursuant to the Textile Rules and Regulations Under the Textile Fiber Products Identification Act (Textile Rules).
For Release: April 1, 2008 The Truth About Cell Phones and the Do Not Call RegistryThe Federal Trade Commission today reiterated that despite the claims made in e-mails circulating on the Internet, consumers should not be concerned that their cell phone numbers will be released to telemarketers in the near future, and that it is not necessary to register cell phone numbers on the National Do Not Call (DNC) Registry to be protected from most telemarketing calls to cell phones.
