Latest Federal Trade Commission Stories

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2014-07-03 04:58:57

Peter Suciu for redOrbit.com - Your Universe Online On Wednesday the Wall Street Journal reported that Amazon.com is apparently standing its ground and could look to take on the Federal Trade Commission (FTC) over a request that the ecommerce retailer tighten its policies for purchases made by children when using mobile applications. The paper reported that Amazon said in a letter to the FTC that it was prepared to "defend our approach in court." The retailer took this course of action...

2014-07-02 04:58:50

Peter Suciu for redOrbit.com - Your Universe Online On Tuesday the Federal Trade Commission (FTC) accused wireless carrier T-Mobile of making hundreds of millions of dollars by charging its customers for bogus services, such as "premium" SMS subscriptions that were never authorized. The FTC alleges that the carrier received as much as 40 percent of the total amount charged to customers content subscriptions that may have included "flirting tips, horoscope information or celebrity gossip...

2014-07-01 16:32:30

T-Mobile Was Aware For Years that Charges Were Not Authorized by its Customers WASHINGTON, July 1, 2014 /PRNewswire-USNewswire/ -- In a complaint filed today, the Federal Trade Commission is charging mobile phone service provider T-Mobile USA, Inc., with making hundreds of millions of dollars by placing charges on mobile phone bills for purported "premium" SMS subscriptions that, in many cases, were bogus charges that were never authorized by its customers. The FTC alleges that...

2014-06-30 16:24:25

NEW YORK, June 30, 2014 /PRNewswire/ -- L'Oreal USA and the Federal Trade Commission have reached an agreement that will end an inquiry regarding certain advertising claims that were discontinued some time ago. The proposed agreement imposes no monetary penalties and expressly states that L'Oreal USA does not admit any improper advertising practices. The agreement approved today by the Commission is subject to a 30-day public comment period and final approval by the Commission....

2014-06-12 16:28:52

ATLANTA, June 12, 2014 /PRNewswire-iReach/ -- Future Tense Secure Systems (FTC), today announced that it has acquired an equity stake in QiKfunder.com. Photo - http://photos.prnewswire.com/prnh/20140612/117313 QiKfunder is the security and privacy-minded crowdfunding company that provides the most fluid experience in the industry. QiKfunder brings ideas to life with the community's help. They offer fundraising solutions for social, community cause, equity, and real estate...

2014-05-27 12:36:39

Agency Report Shows Data Brokers Collect and Store Billions of Data Elements Covering Nearly Every U.S. Consumer WASHINGTON, May 27, 2014 /PRNewswire-USNewswire/ -- In a report issued today on the data broker industry, the Federal Trade Commission finds that data brokers operate with a fundamental lack of transparency. The Commission recommends that Congress consider enacting legislation to make data broker practices more visible to consumers and to give consumers greater control over the...

FCC Fines Sprint For Do Not Call Infractions
2014-05-20 09:51:39

Peter Suciu for redOrbit.com - Your Universe Online Those people who hate to open their phone bill every month probably felt some karmic justice on Monday when Sprint agreed to pay $7.5 million to resolve a Federal Communications Commission (FCC) Enforcement Bureau investigation of the mobile wireless company's failure to respect the "Do Not Call" list. The FCC found that the company failed to honor consumer requests to opt out of phone and text marketing communications. The FCC on...

2014-05-19 12:31:05

WASHINGTON, May 19, 2014 /PRNewswire/ -- Jonathan S. Klarfeld, a veteran antitrust enforcer who led many significant merger investigations and challenges over the past 13 years at the Federal Trade Commission, is joining the Washington, D.C. office of Ropes & Gray, one of the world's leading corporate law firms. Mr. Klarfeld, 44, is currently a deputy assistant director in the Mergers I division in the Federal Trade Commission's Bureau of Competition in Washington, D.C. He will...

Snapchat Reaches Settlement With FTC Over User Agreement Woes
2014-05-09 15:01:25

Enid Burns for redOrbit.com - Your Universe Online Snapchat has reached a settlement with the Federal Trade Commission after a federal complaint alleged that the popular photo messaging service made false promises that photos were being deleted in a timely manner. The FTC complaint alleged that the issue was not in line with what was outlined in the company’s user agreement. According to an FTC statement, the main complaint stems from the fact that photo messages remained stored on...

2014-04-17 16:25:41

ARMONK, N.Y. and MINNEAPOLIS, April 17, 2014 /PRNewswire/ -- Visant Corporation and Jostens, Inc. today announced that the Federal Trade Commission (FTC) has advised of the Commission's vote to block the proposed transaction between Jostens and American Achievement. Visant and Jostens announced in November 2013 the signing of a definitive purchase agreement under which Jostens would acquire American Achievement. The FTC investigation, which has been ongoing since November, was...

Word of the Day
  • Remarkable; prodigious.
  • Audacious; gutsy.
  • Completely; extremely.
  • Audaciously; boldly.
  • Impressively great in size; enormous; extraordinary.
This word is probably from the dialectal 'boldacious,' a blend of 'bold' and 'audacious.'