The Federal Trade Commission press release explains: For the first time, identity theft victims can now go online and get a free, personalized identity theft recovery plan as a result of significant enhancements to the Federal Trade Commission’s IdentityTheft.gov website. The new one-stop website is integrated with the FTC’s consumer complaint system, allowing consumers who […]
Author Archives: Allison Zieve
Consumer Reports released this week a survey of consumers understanding of "natural" on food labels. The report found that almost two-thirds of consumers are misled by foods labeled as “natural.” Of 1,005 adults polled in December, more than half incorrectly believed that natural claims on labels had been independently verified, and nearly two-thirds thought the […]
The Federal Trade Commission announced today: The [FTC] has filed suit against the operators of DeVry University, alleging that DeVry’s advertisements deceived consumers about the likelihood that students would find jobs in their fields of study, and would earn more than those graduating with bachelor's degrees from other colleges or universities. In its complaint against […]
Over the past day, we have seen lots of articles on yesterday's decision in Campbell-Ewald v. Gomez. Our own coverage is here. Most simply describe the decision, but here are a few that add some commentary: A nice editorial in The New York Times. Coverage in The Wall Street Journal. Analysis from Howard Wasserman at […]
The Washington Post reports: Goldman Sachs said Thursday it will pay roughly $5 billion to settle federal and state probes of its role in the sale of shoddy mortgages in the years leading to the housing bubble and subsequent financial crisis. Coming nearly eight years after the crisis, the settlement is by far the largest […]
The Federal Trade Commission reports that pharmaceutical companies entered into substantially fewer potential pay-for-delay patent dispute settlements in fiscal year 2014. Under such settlements, brand-name drug companies pay generic companies to delay entry of less costly drugs onto the market. In FTC v. Actavis (2013), the U.S. Supreme Court held that a brand-name drug manufacturer’s payment […]
Vox has this article by writer Harold Pollack on the CARD Act, the credit-card industry, and the value of paying off credit cards every month.
On Monday, the Consumer Financial Protection Bureau released its annual report to Congress on the work of the agency from October 1, 2014 – September 30, 2015. If you missed it then (as I did), the report is here.
The Federal Trade Commission had a busy yesterday, settling charges in three separate matters, as described in these FTC press releases: FTC Secures $4.4 Million From Online Payday Lenders to Settle Deception Charges Dental Practice Software Provider Settles FTC Charges It Misled Customers About Encryption of Patient Data Lumosity to Pay $2 Million to Settle […]
The Wall Street Journal reports today on the enforcement actions taken yesterday by the Consumer Financial Protection Bureau and puts them in context of CFPB's upcoming payday lending regulation. The article is here. (Subscription may be required.)