Finance

FTC Obtains $195 Million Judgment, Permanent Ban on Telemarketing and Selling Healthcare Products Against Simple Health Over Charges It Sold Sham Health Insurance

The Federal Trade Commission has obtained a $195 million judgment against Simple Health Plans LLC and its CEO Steven J. Dorfman over charges they...

As Nationwide Fraud Losses Top $10 Billion in 2023, FTC Steps Up Efforts to Protect the Public

Newly released Federal Trade Commission data show that consumers reported losing more than $10 billion to fraud in 2023, marking the first time that...

FTC Sends Refunds to Consumers Harmed by a Tech Support Scam Facilitated by Payment Processor Nexway

The Federal Trade Commission is sending more than $610,000 in refunds to consumers who lost money to a tech support scam facilitated by the...

FTC Issues Notice Regarding Consumer Reviews and Testimonials Informal Hearing

On January 16, 2024, the Federal Trade Commission published a notice in the Federal Register containing the initial and final notice of an informal...

FTC Action Leads to Permanent Ban for Scammers Who Charged Students Seeking Debt Relief with Junk Fees

A group of student loan debt relief scammers will be permanently banned from the debt relief industry and is required to turn over their assets...

FTC Submits Comment on March-In Rights to Promote Efforts to Lower Drug Prices

Today the Federal Trade Commission issued a comment in response to the National Institute of Standards and Technology’s (NIST) request for information on its Draft...

FTC Order Will Require Blackbaud to Delete Unnecessary Data, Boost Safeguards to Settle Charges its Lax Security Practices Led to Data Breach

South Carolina-based Blackbaud Inc. will be required to delete personal data that it doesn’t need to retain as part of a settlement with the...

Statement Regarding the Termination of Amazon’s Proposed Acquisition of iRobot

In response to the announcement that Amazon and iRobot have terminated their $1.4 billion merger agreement, Federal Trade Commission Associate Director for Merger Analysis...

Court Finalizes Injunction and Monetary Judgment against Illegal Telemarketing Operation and its Owners

A federal district court has entered final orders against a telemarketing company and its owners, who made millions of illegal, unsolicited calls to people...

Project Point of No Entry Keeps FTC’s Focus on Gateway Voice Service Providers to Stop Illegal Robocalls from Entering the United States

Continuing its rigorous enforcement of the nation’s telemarketing and robocall laws, the Federal Trade Commission over the past year expanded its efforts to stop...

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