Finance

FTC Action Leads U.S. Dept. of Education to Forgive Nearly $37 Million in Loans for Students Deceived by University of Phoenix

The Federal Trade Commission announced today that its enforcement action against the University of Phoenix continues to help students deceived by the for-profit university,...

FTC Adds Senior Executives Who Played Key Roles in Prime Enrollment Scheme to Case Against Amazon

The Federal Trade Commission has named three senior Amazon executives in an amended complaint in its case against the company for its years-long effort to...

FTC Announces Claims Process for Fortnite Players Who Were Charged for Unwanted Items

The Federal Trade Commission has begun notifying people who may be entitled to compensation stemming from a settlement finalized in March 2023 with Epic...

FTC Warns Tax Preparation Companies About Misuse of Consumer Data

The Federal Trade Commission is warning five tax preparation companies that they could face civil penalties if they use or disclose confidential data collected...

FTC Staff Paper Details Potential Harms to Kids from Blurred Advertising, Recommends Marketers Steer Clear

A new Federal Trade Commission staff paper recommends that businesses, social media influencers and others who market or promote products online to children should...

FTC Issues Policy Statement on Brand Pharmaceutical Manufacturers’ Improper Listing of Patents in the Food and Drug Administration’s ‘Orange Book’

The Federal Trade Commission today issued a policy statement, supported by the U.S. Food and Drug Administration (FDA), warning pharmaceutical companies that make and...

Online Shoe Seller Hey Dude, Inc. to Pay $1.95 Million for Violating FTC’s Mail, Internet, and Telephone Order Rule and Suppressing Negative Consumer Reviews

Online shoe retailer Hey Dude, Inc. (Hey Dude) will pay $1.95 million to the Federal Trade Commission to settle charges that the company misled...

FTC Says TruthFinder, Instant Checkmate Deceived Users About Background Report Accuracy, Violated FCRA While Marketing Reports for Employee and Tenant Screening

The Federal Trade Commission will require background report providers TruthFinder and Instant Checkmate to pay $5.8 million to settle charges that they deceived consumers...

Administrative Law Judge Issues Initial Decision in FTC’s Case Against Intuit Inc.

In an initial decision announced today, the Federal Trade Commission’s Chief Administrative Law Judge (ALJ), D. Michael Chappell, ruled that Intuit Inc. (Intuit), the maker of...

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