Keyword: ftc
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A wave of criticism that started two weeks ago reached a crescendo this morning when Washington-based advocacy group Competitive Enterprise Institute filed a formal complaint with the Federal Trade Commission, charging General Motors with deceptive advertising. -snip- In an April 29 letter to Mr. Whitacre, Reps. Darrell Issa, R-Calif., and Jim Jordan, R-Ohio, of the House Committee on Oversight and Government Reform, wrote that "your statements and the slick marketing campaign built around them constitute a lie to the American people, who have spent over $50 billion to bail out GM and currently own over 60% of the company. We...
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That's the question Ed Morrissey asks at Hot Air. Commenting on an under-publicized portion of the House version of financial reg legislation that would, in the Wash Post's summary, "allow the FTC to issue rules on a fast track and permit the agency to impose civil penalties on companies that hurt consumers," Morrissey raises a series of disturbing queries: Neither the FTC nor the Internet had anything to do with the Wall Street meltdown in 2008. If this financial-regulation bill is so desperately needed, why did House Democrats lard it up with this power grab at the FTC? Why does...
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Mike Adams Natural News April 30, 2010 Of all the sneaky tactics practiced in Washington D.C., this recent action by Congressman Henry Waxman (D-CA) is one of the most insidious: While no one was looking, he injected amendment language into the Wall Street Reform and Consumer Protection Act of 2009 (H.R. 4173) that would expand the powers of the FTC (not the FDA, but the FTC) to terrorize nutritional supplement companies by greatly expanding the power of the FTC to make its own laws that target dietary supplement companies. Congressman Henry Waxman wants to give the FTC even more powers...
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Today, Citizens for Responsibility and Ethics in Washington (CREW) filed complaints with the Federal Trade Commission (FTC) and the Internal Revenue Service (IRS) against Sean Hannity, his Freedom Concerts, the Freedom Alliance and Lt. Col. Oliver North. Copies of the complaints were also sent to the attorney generals of the states in which concerts are scheduled to be held this summer. CREW’s FTC complaint alleges Hannity and Freedom Concerts have engaged in illegal and deceptive marketing practices by suggesting that all money generated by ticket sales for the Freedom Concerts he sponsors each summer goes to scholarships for children of...
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CEO known for putting Social Security number in ads * FTC says ads were deceptive, overstated protections * CEO says new ads better clarify LifeLock services LifeLock Inc, which promises to protect consumers from identity theft, agreed to pay $12 million to settle claims by the Federal Trade Commission and 35 U.S. states that it overstated the value of its service. The FTC said on Tuesday the settlement bars LifeLock and its principals from making "deceptive claims" and requires the Tempe, Arizona-based company to take "more stringent measures" to safeguard the personal information of customers. The FTC said LifeLock has...
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NEW YORK – The Federal Trade Commission is suing Intel Corp., accusing the world's biggest chip maker of using its size to snuff out competition. The FTC says Intel, which makes the microprocessors that run personal computers, has shut rivals out of the marketplace. In the process, the FTC says Intel has deprived consumers of choice and stifled innovation in the chip industry. Intel has faced similar charges for years and has denied any wrongdoing. The lawsuit comes after a recent $1.25 billion settlement with rival Advanced Micro Devices Inc. over similar claims.
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WASHINGTON –The head of the Federal Trade Commission said Tuesday the agency will study whether government should aid struggling news organizations, which are suffering from a collapse in advertising revenues as the internet upends their centuries-old business model. FTC Chairman Jon Leibowitz's comments came during day one of a two-day "workshop" sponsored by the agency that became a forum for arguments among the heads of a diverse array of news organizations over the future of journalism. Mr. Leibowitz said his agency will examine whether government should change the way the industry is regulated, from making news-gathering companies exempt from antitrust...
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Disney's Sorry It Couldn't Make Your Kid Smarter Blame Disney for your kid's poor test scores. The giant entertainment conglomerate Friday said it will offer refunds on its "Baby Einstein" serious of videos, conceding in a lawsuit that the video exercises didn't increase infants' intelligence despite claims it would. Lawyers threatened Disney last year that it would sue unless Disney offered a full refund -- $15.99 per video -- to customers who wished to cash in on their "Baby Einstein" stash, the New York Times reported Friday. Customers can get a discount coupon, exchange the video for a different title,...
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Can you do journalism and not be a "journalist"? Do people declared "journalists" get special speech and press rights that other American citizens do not enjoy? Can anyone enjoy the right to free speech and free publication, even if that individual is not a full-time professional reporter? These are some of the important legal questions that American politicians and bureaucrats must confront now that the Internet has made possible for people other than employees of major media companies to reach large and widespread audiences. In recent weeks, federal officials seems to be favoring a view that certain individuals enjoy more...
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Bloggers of the world, relax - the Federal Trade Commission is not out to get you. That was the message from Mary Engle, associate director for advertising practices at the FTC's Bureau of Consumer Protection.
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The Federal Trade Commission just released rules to regulate product endorsements not just in advertisements but also on blogs. It is a monument to unintended consequence, hidden dangers, and dangerous assumptions. Mind you, I hate one of its apparent targets: Pay Per Post and its ilk, which attempt to co-opt the voice of bloggers. But I hate government regulation of speech more. And mind you, I am all in favor of transparency; I disclose to a comic fault here. I think that openness is the best fix for questions of trust and advise companies and politicians and certainly governments to...
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Yesterday, the Federal Trade Commission issued an 81 page document entitled “Guides Concerning the Use of Endorsements and Testimonials in Advertising” requiring bloggers who write testimonials about products to disclose gifts or payments they receive. So if a company sends you a dollar-store toy, you will be scrutinized by the government, regardless whether you were asked to post a review or not. Whether it be free review copies of books, trips to oil rigs, payments, t-shirts, whatever it is, you better disclose it, to Uncle Sam, or, as the Washington Post reports, you’ll be fined up to $11,000 in fines...
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It all sounds so innocent and good-governmenty: The Federal Trade Commission will hold a workshop Dec. 1 and 2 concerning "How will journalism survive the Internet age?" An assembly of editors, owners, government officials, consumer advocates, advertisers and others is scheduled to discuss a dozen topics. Three ought to make the hair stand up on the necks of every journalist and anybody else who cares about the survival of freedom of the press: » Are new or changed government policies needed to support optimal amounts and types of journalism, including public affairs coverage? » Should the tax code be modified...
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The Federal Trade Commission has decided to focus its regulatory sights on the scourge of — product reviews by bloggers. By a unanimous vote, the FTC now mandates that bloggers disclose any payments or freebies received for their reviews, a mandate which does not appear to have an analog with mainstream media organizations: The Federal Trade Commission will require bloggers to clearly disclose any freebies or payments they get from companies for reviewing their products. It is the first time since 1980 that the commission has revised its guidelines on endorsements and testimonials, and the first time the rules have...
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The federal government is preparing an inquiry into the endangered field of news and reporting -- and Federal Trade Commission Chairman Jon Leibowitz is dropping some broad hints about what will be in it. In an exclusive interview with TheWrap, Leibowitz expressed some sympathy to easing antitrust enforcement of media consolidations to prevent more newspapers from folding or further declines in TV news staffs. He also said the FTC intends not just throw out a lifeline. He wants to ensure that media companies are doing a good enough job finding alternative revenues. Some media critics contend that at least part...
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In today's "Truly Delicious Irony" segment, the Federal Trade Commission, just months after so-called journalists decided who should win a presidential primary and subsequent election, is going to begin going after bloggers who make false claims about products and/or don't fully disclose conflicts of interest. Imagine that. As reported by the Associated Press Sunday: New guidelines, expected to be approved late this summer with possible modifications, would clarify that the agency can go after bloggers — as well as the companies that compensate them — for any false claims or failure to disclose conflicts of interest. It would be the...
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You answer the phone, and it's a recorded message: "By now you should have received your written note regarding your vehicle warranty expiring. This call is to give you a final opportunity to extend coverage before it is too late. Press '1' now to speak to a warranty specialist regarding your options on your vehicle." Upon pressing "1," you are transferred to a "warranty specialist" who lies to you, telling you he is affiliated with an automobile dealer or manufacturer and that your warranty is up. And before long, you may have agreed to put $450 down on an extended...
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The FTC pulled the plug on the Cutwail botnet by shutting down Internet Service Provider Pricewert LLC when the agency filed a complaint Thursday alleging that it actively and knowingly participated in the distribution of child pornography, spam and malware. Security experts say that the Cutwait botnet was one of the most notorious botnets, accounting for up to 35 percent of global spam levels in May, security experts said. The FTC issued a complaint accusing the San Jose-based Pricewert, also known as 3FN and APS Telecom, of actively recruiting and colluding with criminals that sought to distribute illegal and malicious...
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A federal judge has issued a pair of temporary restraining orders to halt what officials describe as a wave of "robo-calls" warning people their auto warranties are expiring and offering new service plans. U.S. District Judge John F. Grady issued a temporary restraining order against Transcontinental Warranty Inc. on Thursday and one against Voice Touch Inc. on Friday. The Federal Trade Commission filed suit against the companies in U.S. District Court in Chicago on Thursday. Chairman Jon Leibowitz says the FTC "has disconnected the people responsible for so many of these annoying calls." Officials say Americans have gotten as many...
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WASHINGTON, March 4 (Reuters) - Scam artists with sophisticated Web sites, some featuring photos of President Barack Obama, are offering to help consumers cash in on the new $787 billion economic stimulus package, the Federal Trade Commission said on Wednesday.
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