Finance

FTC Action Leads to Sweepstakes Ban For Three Individuals Who Ran Massive Scheme That Cost Consumers Millions

As a result of a Federal Trade Commission case, the operators of a sweepstakes scam that cost consumers millions have agreed to settlements that...

FTC Issues Annual Report on Refunds to Consumers; Agency Returned $324M in 2023

Federal Trade Commission law enforcement actions resulted in more than $324 million in refunds to consumers in 2023, the agency said in its annual...

Statement of the Commission Regarding TikTok Complaint Referral to DOJ

Today, the Commission issued a statement regarding its referral to the Department of Justice a complaint against TikTok, the successor to Musical.ly, and its...

FTC Submits Comment Supporting Proposed USPTO Rule

The Federal Trade Commission today submitted a comment supporting a proposed U.S. Patent and Trademark Office (USPTO) rule involving the disclosure of patent settlement...

FTC Takes Action Against Adobe and Executives for Hiding Fees, Preventing Consumers from Easily Cancelling Software Subscriptions

The Federal Trade Commission is taking action against software maker Adobe and two of its executives, Maninder Sawhney and David Wadhwani, for deceiving consumers by...

FTC Data Shows Major Increases in Cash Payments to Government Impersonation Scammers

New Federal Trade Commission data reveals that government impersonation scammers are targeting consumers for payments in cash, with the amount of cash reported lost...

FTC Issues Final Amendments to Amplifier Rule to Make Testing Methods More Useful to Consumers

The Federal Trade Commission has issued final amendments to its Amplifier Rule to help consumers make direct comparisons of home entertainment amplifiers.The Amplifier Rule regulates...

FTC Sends More Than $2.4 Million to Consumers Harmed by Deceptive Business Coaching Scheme Lurn

The Federal Trade Commission is sending more than $2.4 million in refunds to consumers who paid for Lurn’s business consulting programs and were deceived...

FTC Approves Modification to Horseracing Integrity and Safety Authority’s Racetrack Safety Rule

The Federal Trade Commission has issued an order approving a proposed modification from the Horseracing Integrity and Safety Authority to its Racetrack Safety Rule. The...

FTC Staff Provides Annual Report to CFPB On 2023 Activities Regarding Financial Acts

The staff of the Federal Trade Commission has provided its annual report to the Consumer Financial Protection Bureau on its enforcement and related activities...

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