Press Releases

The Federal Trade Commission will hold a press conference on Thursday, January 16, 2003 at 11:00 a.m. E.S.T. to announce action taken against the deceptive marketing of false international driver's...

Commission approval of application: The Commission has approved a proposed application from ConocoPhillips concerning the recent merger of Conoco Inc. and Phillips Petroleum Company. Under the terms...

Not all loans or lenders are created equal. Some unscrupulous lenders may offer loans to elderly or low-income homeowners and those with credit problems, promising that the loan will be based on the...

R. Ted Cruz, the Director of the Federal Trade Commission's Office of Policy Planning, will be leaving the Federal Trade Commission at the end of January, after nearly two years in the position. Mr...

The Commission has approved a proposed divestiture in the matter concerning Bayer AG's (Bayer) acquisition of Aventis CropSciences Holding S.A. (ACS), the crop protection business of Aventis S.A....

Cross-border fraud is a serious problem, and it appears to be growing. Consumers in the U.S. and abroad lose billions of dollars a year to telemarketers operating from "boiler rooms" across the border...

During testimony today before the House Committee on Energy and Commerce, Federal Trade Commission Chairman Timothy J. Muris provided an overview of the Telemarketing Sales Rule (the Rule or TSR)...

The Commission has approved the publication of a Federal Register notice announcing the 2003 regulatory review of the rules and regulations under the FTC's Hobby Protection Act, the Tire Advertising...

Application for proposed divestiture: The Commission has received an application for proposed divestiture from MSC.Software Corporation (MSC), pursuant to a July 6, 2002 agreement and consent order...

On Tuesday, January 14, 2003, the Federal Trade Commission and its Midwest Region Office, the Better Business Bureau (BBB) of Chicago and Northern Illinois, the Electronic Retailing Association, and...

Commission authorization to file joint amicus brief with the Department of Justice The Commission has approved the filing of a joint brief with the United States, as amici curiae, in the matter of...

A federal judge has entered stipulated orders for preliminary injunction with asset freezes against Harry Siskind and Edward G. D'Alessandro, Jr., the two individual defendants named in the Federal...

Quicken Loans Inc., a mortgage lender based in Livonia, Michigan, has agreed to settle Federal Trade Commission charges that it failed to provide "adverse action" notices in violation of the Fair...

The Federal Trade Commission today announced a settlement with a California-based company that marketed a so-called breast enhancement product, "The Isis System." According to the FTC complaint, the...

The Commission has approved the filing of comments with the U.S. Food and Drug Administration regarding the availability of the 30-month stay of FDA approval of generic drug applications and revised...

The Federal Trade Commission will host a public workshop on February 19 and 20, 2003, to explore how public and private sector entities, including businesses, industry associations, and consumer...

According to the letter, signed by FTC Chairman Timothy J. Muris and Acting Assistant Attorney General for Antitrust R. Hewitt Pate, the proposed model definition would prevent non-lawyers from...

The Commission has authorized the staff to file comments with the U.S. Food and Drug Administration (FDA) concerning trans fatty acids in nutrition labeling. The comment, which is available on the FTC...

Consent Order Will Preserve Competition in Markets for Certain General Anesthetics, Neuromuscular Blocking Agents, Antiemetics, and New Injectable Iron Replacement Therapies Under the terms of a...

Nearly 28,000 borrowers will start receiving compensation checks this week from an initial redress pool of almost $45 million that resulted from an FTC settlement with home mortgage lender First...