Finance

FTC Further Expands Inquiry Into Prescription Drug Middlemen Industry Practices

As part of its ongoing study on pharmacy benefit managers (PBMs) and their impact on the accessibility and affordability of prescription drugs, the Federal...

Finance

New FTC Data Analysis Shows Bank Impersonation is Most-Reported Text Message Scam

A new analysis from the Federal Trade Commission shows that bogus bank fraud warnings were the most common form of text message scam reported...

Finance

FTC Staff Provides Annual Report to CFPB On 2022 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...

Finance

Commission Seeks Public Comment on Collaboration with State Attorneys General

The Federal Trade Commission is seeking public comments and suggestions on ways it can work more effectively with state attorneys general nationwide to help educate...

Finance

CFPB Issue Spotlight Analyzes “Artificial Intelligence” Chatbots in Banking

WASHINGTON, D.C. – The Consumer Financial Protection Bureau...

Finance

FTC Issues Annual Report on Refunds to Consumers; Agency Returned $392M in 2022

Federal Trade Commission law enforcement actions resulted in more than $392 million in refunds to consumers in 2022, the agency said in its annual...

Finance

FTC Will Require Microsoft to Pay $20 million over Charges it Illegally Collected Personal Information from Children without Their Parents’ Consent

Microsoft will pay $20 million to settle Federal Trade Commission charges that it violated the Children’s Online Privacy Protection Act (COPPA) by collecting personal...

Finance

FTC Staff Opposes State Legislation in North Carolina Designed to Shield UNC Health System from Antitrust Enforcement

In a comment to North Carolina House Health Committee members, the Federal Trade Commission staff opposed a bill pending before the state legislature attempting to...

Finance

At FTC’s Request, Florida District Court Permanently Bars Deceptive COVID-19 PPE Marketer from Selling Any Protective Goods or Services to Consumers

The United States District Court for the Middle District of Florida, Ocala Division, issued an order permanently banning defendant Frank Romero from offering for...

Finance