Displaying 961 - 980 of 10209
FTC Issues Third Report on E-Cigarette Advertising and Sales in the U.S.
Date
The Federal Trade Commission today issued its third report on e-cigarette sales and advertising nationwide, which shows that the combined sales of cartridge-based and disposable e-cigarette products...
FTC Sends Nearly $62 Million in Refunds to Sellers Deceived by Online Real Estate Listing Service Opendoor Labs
Date
The Federal Trade Commission is sending nearly $62 million in refunds to sellers deceived by advertising and marketing claims made by online real estate business Opendoor Labs, Inc. According to the...
Opendoor Labs, Inc.
Opendoor Labs Inc. promised to revolutionize home selling by offering to buy consumers homes for market value while reducing transaction costs. It promised to provide speed and certainty to home sellers while saving them thousands compared to selling on the market or selling traditionally, as the company describes such sales. Although Opendoor generally delivered on its promises to provide a faster and more certain transaction, it did not save consumers money. In fact, consumers who sold to Opendoor typically lost thousands compared to what they would have made on the market. Contrary to the company's marketing, it made submarket offers and had associated costs higher than in traditional sales. The company's marketing and the opacity of the transaction, however, left consumers unaware that they had lost money. The Commission approved a final order in this matter in October 2022. In April 2024, the FTC announced it was sending nearly $62 million in refunds to sellers deceived by advertising and marketing claims made by online real estate business.
Type of Action
Administrative
Last Updated
FTC Matter/File Number
1923191
Case Status
Pending
Samuel Levine’s Letter to the Massachusetts Attorney General on Junk Fees
Date
Matter Number
P261201
FTC To Convene Advisory Group to Fight Scams Against Older Adults April 2
Date
WHAT: The Federal Trade Commission will host an online meeting of the Scams Against Older Adults Advisory Group on April 2, 2024. The meeting will include reports from the committees formed at the...
FTC Announces Impersonation Rule Goes into Effect Today
Date
As the Federal Trade Commission’s new rule on government and business impersonation goes into effect today, the agency is highlighting new data on the most common ways consumers are targeted by these...
Nelson v. Experian Information Solutions, Inc.
Date
Citation Number
24-10147
Federal Court
U.S. Circuit Court of Appeals for the Eleventh Circuit
File
FTC Denies Application for New Parental Consent Mechanism Under COPPA
Date
The Federal Trade Commission has denied an application, without prejudice, by the Entertainment Software Rating Board, Yoti, and SuperAwesome for Commission approval of a new mechanism for obtaining...
FTC Releases 2023 Privacy and Data Security Update
Date
The Federal Trade Commission released its Privacy and Data Security Update for 2023 that highlights the FTC’s work to protect consumer privacy and respond to the evolving ways that companies use...
FTC Sends $2.8 Million in Refunds to Consumers Harmed by DK Automation’s Phony Online Business and Crypto Moneymaking Schemes
Date
The Federal Trade Commission is sending $2.8 million in refunds to consumers who were harmed by DK Automation and its owners, Kevin David Hulse and David Shawn Arnett, who used unfounded claims of big...
DK Automation
The Federal Trade Commission is taking action against DK Automation and its owners, Kevin David Hulse and David Shawn Arnett for using unfounded claims of big returns to entice consumers into moneymaking schemes involving Amazon business packages, business coaching, and cryptocurrency. The FTC’s complaint alleges that the defendants promised consumers that they could “generate passive income on autopilot” when the truth was that few consumers ever made money from these schemes.
A proposed court order would require the defendants to turn over $2.6 million to be used to refund consumers harmed by their deception, as well as requiring them to stop their deceptive earnings pitches and follow the law.
The Federal Trade Commission is sending $2.8 million in refunds to consumers who were harmed by DK Automation and its owners, Kevin David Hulse and David Shawn Arnett, who used unfounded claims of big returns to entice consumers into moneymaking schemes involving Amazon and Walmart business packages, business coaching, and cryptocurrency.
Type of Action
Administrative
Last Updated
Case Status
Pending
24 International Competition Network Participants Issue Joint Statement on Increasing Tech Capacity to Keep Pace with Increasing Digitization of the Economy
Date
The Federal Trade Commission and other member agencies of the International Competition Network (ICN) jointly issued a statement about how regulatory agencies can increase their tech capacity to keep...
FTC, Canadian Law Enforcement Agencies Cooperate on Public Outreach to Combat Cross-Border Fraud
Date
As it celebrates Fraud Prevention Month, the Federal Trade Commission is joining with consumer protection and law enforcement agencies from the United States and Canada to engage in public outreach...
FTC to Hold Virtual Informal Hearing on April 24, 2024 As Part of its Review of the Proposed Rule Prohibiting Junk Fees
Date
The Federal Trade Commission will hold a virtual informal hearing on April 24, 2024, on its proposed Rule on Unfair or Deceptive Fees, commonly known as junk fees. During the hearing, which will be...
FTC Sends More Than $10 Million in Refunds to Consumers Harmed by Real Estate Investment Training Scheme
Date
The Federal Trade Commission is sending more than $10 million in refunds to consumers who paid for a real estate investment training program that allegedly made empty promises about earning big...
Displaying 961 - 980 of 10209