The legal library gives you easy access to the FTC’s case information and other official legal, policy, and guidance documents.
Displaying 1001 - 1020 of 44705
Cease and Desist Letter to Telecommunications Firm LLC
Date
File
Telecommunications Firm LLC
(404.1 KB)
2208005 Informal Interpretation
… German joint venture. Each will acquire controlling voting security interests of the German joint venture. Each of the …
Date
Rule
802.51
Rule 802.51 provides a limited exemption for assets covered by 801.40(d)(2), which only includes credit obligations. You must still determine whether the JV will hold other US assets valued over $50...
File
2208008 Informal Interpretation
… We agree that you would count the cash because there is a balance sheet within the acquiring person. You only get to … cash if no entity within the person has created a regularly prepared balance sheet. From: [Redacted] Sent: Monday, August 22, 2022 …
Date
Rule
801.11
We agree that you would count the cash because there is a balance sheet within the acquiring person. You only get to exclude cash if no entity within the person has created a regularly prepared...
File
Original Image - 2208008 Informal Interpretation
(136.39 KB)
2208004 Informal Interpretation
Date
Rule
Item 2(d)
Yes, a range may be provided so long as it does not straddle a fee threshold.
File
Original Image - 2208004 Informal Interpretation
(207.35 KB)
Student Advocates Team, LLC, et al.
… LLC, et al. In September 2019, the FTC announced a complaint against the operators of two student loan debt relief … company that assisted them, with bilking millions of dollars from consumers. … Student Advocates Team, LLC, et al. …
In September 2019, the FTC announced a complaint against the operators of two student loan debt relief schemes, and a financing company that assisted them, with bilking millions of dollars from consumers. The FTC alleged Manhattan Beach Ventures and Equitable Acceptance Corporation and Student Advocates Team, and the financing company that assisted them illegally charged upfront fees that the companies led consumers to believe went towards their student loans, and falsely promised that their services would permanently lower or even eliminate their loan payments or balances. On August 18, 2022, the FTC it was sending more than $822,000 back to defrauded consumers.
Type of Action
Federal
Last Updated
FTC Matter/File Number
172 3036
Case Status
Pending
2208006 Informal Interpretation
… applies.” Stockholder X currently holds shares of Issuer Y Class B Common Stock and Series A Preferred Stock. Issuer Y … Stock will automatically be converted into shares of Y’s Class A Common Stock and shares of Y’s Class B Common Stock will at the discretion of Y’s Board (i) …
Date
Rule
801.10
We agree.
File
Original Image - 2208006 Informal Interpretation
(199.84 KB)
2208003 Informal Interpretation
Date
Rule
Item 5, Item 8
Agree with your approach; please cross-reference in both filings.
File
Original Image - 2208003 Informal Interpretation
(263.31 KB)
2208001 Informal Interpretation
Date
Rule
Item 1(f), Item 3
Please list all four, noting that one is non-reportable, and explain further in Item 3.
File
Original Image - 2208001 Informal Interpretation
(152.83 KB)
2208002 Informal Interpretation
Date
Rule
Item 5(a)
Yes. The additional revenues and NAICS codes should be listed in Item 5(a), and you should produce the stand-alone 2021 financial statements for the company acquired in 2022.
File
Original Image - 2208002 Informal Interpretation
(240.05 KB)
2208009 Informal Interpretation
… that raises the applicability of the exemptions available under HSR Rules 801.21(a), 802.2(d) and 802.4. Company … homes (collectively “Inventory Assets”). Company B holds a large amount of cash reserves to be used as needed in … to construction operations, (vi) office equipment, (vii) security deposits, (viii) leasehold improvements, (ix) …
Date
Rule
801.21, 802.2, 802.4
We agree with your analysis.
File
Original Image - 2208009 Informal Interpretation
(324.84 KB)
LendingClub Corporation
The Federal Trade Commission is returning more than $10 million to consumers who were charged undisclosed fees by online lender LendingClub Corporation. The FTC is distributing refunds directly to more than 15,000 LendingClub customers and encouraging additional LendingClub customers to apply for refunds.
The FTC sued LendingClub in April 2018, charging that the company falsely promised loan applicants that they would receive a specific loan amount with “no hidden fees,” when in reality the company deducted hundreds or even thousands of dollars in hidden up-front fees from the loans. The FTC also alleged that LendingClub told consumers they were approved for loans when they were not and took money from consumers’ bank accounts without authorization.
The Federal Trade Commission is sending payments totaling more than $9.7 million to 61,990 consumers who were charged hidden fees by LendingClub Corporation.
These payments are the result of a claims process conducted by the FTC in February 2022. It is the second distribution of funds in this matter and brings the total amount refunded to consumers to more than $17.6 million.
Type of Action
Federal
Last Updated
FTC Matter/File Number
162 3088
Federal Register Notice
Commercial Surveillance and Data Security Rulemaking
Date
Overview Commercial surveillance is the business of collecting, analyzing, and profiting from information about people. Technologies essential to everyday life also enable near constant surveillance...
Displaying 1001 - 1020 of 44705