Posts Tagged ‘ FTC ’

DeVry to forgive $30 million in student loans

December 15, 2016
posted by

MarketWatch MarketWatch    

"DeVry Education Group DV, the operator of a chain of for-profit colleges, will forgive $30.35 million in student loans over claims the company misled prospective students about their ability to get jobs after graduation. The loan forgiveness, which covers all unpaid student loans made through DeVry between Sept. 1, 2008 and Sept. 30, 2015, is part of a larger settlement with the Federal Trade Commission totaling $100 million. The deal doesn't include any federal student loans made to students who attended the school during the period of the lawsuit. The deal, which covers tens of thousands of students, according to the FTC, includes a $49.4 million payment to the FTC that the agency will distribute to students harmed by the misleading marketing." (12/15/16)

http://www.marketwatch.com/story/for-profit-college-devry-to-forgive-30-million-in-student-loans-2016-12-15  

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Piano teachers, beware: The feds are onto you

November 30, 2016
posted by

Jeffrey Tucker Foundation for Economic Education
by Jeffrey Tucker  

[E]arly in 2016, the [Federal Trade Commission] took it upon itself to intervene heavily in the market for piano teaching. The FTC sent a small nonprofit -- the Music Teachers National Association -- a letter accusing it of promoting anticompetitive trade practices. This is all because their manual discourages teachers from aggressively poaching students from other teachers. The code is not a mandate, but a statement of a common practice in the industry. It is a matter of courtesy, really. It's never been enforced. It doesn't have to be. These teachers depend on the support of the community for recitals, ideas, referrals, and general support. They are a happy community and this kind of behavior, by tradition, is regarded as unsporting." (11/30/16)

https://fee.org/articles/piano-teachers-beware-the-feds-are-onto-you/  

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DRM: You have the right to know what you’re buying!

August 8, 2016
posted by

Electronic Frontier Foundation Electronic Frontier Foundation
by Cory Doctorow  

"Today, the EFF and a coalition of organizations and individuals asked the US Federal Trade Commission (FTC) to explore fair labeling rules that would require retailers to warn you when the products you buy come locked down by DRM ('Digital Rights Management' or 'Digital Restrictions Management'). Companies that put digital locks on their products -- ebook, games and music publishers, video companies, companies that make hardware from printers to TVs to cat litter trays -- insist that DRM benefits their customers, by allowing the companies to offer products at a lower price by taking away some of the value .... We've written the Commission a letter, drafted and signed by a diverse coalition of public interest groups, publishers, and rightholders, calling on the agency to instruct retailers to inform potential customers of the restrictions on the products they're selling." (08/05/16)

https://www.eff.org/deeplinks/2016/08/drm-you-have-right-know-what-youre-buying  

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FTC cracks down on sponsored content

July 21, 2016
posted by

Ludwig von Mises Institute Ludwig von Mises Institute
by Matthew McCaffrey  

"Like most consumer protection regulation, the FTC's standards are extremely patronizing. They assume most people are too disinterested or ignorant to bother investigating the goods and services they buy. The implication is that without the FTC and other regulatory authorities, consumers would persistently buy dangerous or fraudulent goods; hence the need for government to ensure product quality. However, this is simply not the case. Consumers are usually eager to know if they're being duped, and no one likes paying for poor-quality merchandise. In fact, competitive markets persistently develop new institutions consumers can use to express their opinions and thus hold entrepreneurs to high standards." (07/21/16)

https://mises.org/blog/ftc-cracks-down-sponsored-content  

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FTC should have priority over Internet privacy

June 9, 2016
posted by

Heartland Institute Heartland Institute
by Bartlett Cleland  

"Recently, the Federal Communications Commission has proposed to construct a new, additional regulatory apparatus, asserting, without any factual support, that creating untested and discriminatory rules for internet service providers (ISPs) will be the silver bullet for protecting consumers' privacy. However, since the beginning of the World Wide Web the Federal Trade Commission has exercised oversight of the internet ecosystem, including websites and internet service providers. The agency has been focused on deceptive and unfair practices and on how data have been collected and used. Under this comprehensive FTC approach there have been very few ISP-related privacy or data security issues." (06/09/16)

http://blog.heartland.org/2016/06/ftc-should-have-priority-over-internet-privacy/  

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Lumosity pays US FTC $2 million for allegedly lying about its brain games

January 11, 2016
posted by

Laurel Leader Call    

"The Federal Trade Commission (FTC) this week settled with the brain games site, Lumosity, for $2 million, and that could be signaling that the agency is planning to increase its regulation of ad claims and marketing ploys used by those types of sites, according to an article on Fortune. On Tuesday, the FTC announced the settlement, declaring that Lumosity should pay $2 million as compensation for the damage to its subscribers. Lumosity is just one of the companies in a growing brain training industry that has millions of customers. The company advertised that training on these games for 10 to 15 minutes, three or four times a week, could help users achieve their 'full potential in every aspect of life,' according to the FTC complaint." [editor's note: Imagine if the FTC had to fork over money every time it made a false claim, as it does with, for example, three times in the three clauses of its mission statement - TLK]

http://leadercall.com/2016/01/lumosity-fined-2-million-for-lying-about-its-brain-games/  

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EFF files frivolous FTC complaint against Google for being Google

December 2, 2015
posted by

Fox News    

"Google is disputing the accusation that it invaded the privacy of students using laptop computers powered by the tech giant's Chrome operating system. The Electronic Frontier Foundation, a digital rights group, depicts the Internet company as a two-faced opportunist in a complaint filed Tuesday with the Federal Trade Commission. The complaint alleges that Google rigged the 'Chromebook' computers in a way that enables the company to collect information about students' Internet search requests and online video habits." [editor's note: By "rigged," EFF means that Google had its sync services and browser search storage settings set to their defaults, which the students, parents and administrators were free to change, and that it collected the same data it collects from anyone else when its services are used. Don't want Google to have your data? Not using a computer that by its very nature runs your data through Google would probably be a good starting point - TLK] (12/02/15)

http://www.foxnews.com/tech/2015/12/02/google-accused-invading-student-privacy-via-chromebook-computers.html  

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FCC gang’s capos said to vote to approve AT&T’s purchase of DirecTV

July 24, 2015
posted by

Bloomberg    

"AT&T Inc. was on the verge of winning final regulatory clearance for its purchase of DirecTV after securing backing Thursday from a majority at the Federal Communications Commission. Both Republican commissioners assented to the $48.5 billion purchase, following a recommendation for approval by Democratic Chairman Tom Wheeler, said a person with knowledge of voting being conducted electronically at the five-member commission. The person spoke on condition of anonymity because the matter hasn’t been made public. The votes become final once published by the FCC, which hasn’t said when that will happen." (07/23/15)

http://tinyurl.com/qajdmkj  

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FTC gang goes after LifeLock again

July 21, 2015
posted by

Macon Telegraph    

"The U.S. government says identity theft protection company LifeLock is misleading consumers about the level of protection it provides, violating a $12 million settlement with regulators and 35 states. The Federal Trade Commission says LifeLock did not set up a program to protect sensitive data like credit card numbers, Social Security numbers and bank account numbers, which the company agreed to do as part of the 2010 settlement. The agency also says LifeLock didn't keep records it had agreed to maintain and has falsely advertised that consumers' data received the same level of protection as financial institutions get and that consumers would be alerted as soon as the company discovered a potential problem." [editor's note: Isn't FTC part of the gang that just admitted it let hackers get the personal data of 21 million Americans? And they think they're in a position to criticize LifeLock? Puh leeze - TLK] (07/21/15)

http://tinyurl.com/q37kvcu  

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Is the Metropolitan Taxicab Commission acting illegally?

March 25, 2015
posted by

Show-Me Institute Show-Me Institute
by Joseph E Miller  

"At a hearing on SB 351, which would create state regulations on ridesharing companies, the bill's sponsor warned that existing taxicab regulatory bodies in the state, especially the St. Louis Metropolitan Taxicab Commission (MTC), may be violating federal law. The source of this trouble is a recent U.S. Supreme Court ruling. In the case, North Carolina Board of Dental Examiners v. Federal Trade Commission, the FTC claimed the North Carolina dental board violated federal antitrust laws in its attempt to eliminate market competitors, even though the board was empowered by the state to regulate dentistry. Prior to this case, it was assumed that state-created professional boards and regulatory bodies were immune from antitrust law. But in their decision, the Supreme Court held that this is not always the case." (03/23/15)

http://bit.ly/1OwFAYM  

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Is the FTC gang going soft? Yelp gets off easy, bribe demand only $450k

September 17, 2014
posted by

IT World    

"Yelp has agreed to pay US$450,000 to the U.S. Federal Trade Commission to settle charges that the company accepted registrations to its services from children under 13 through its apps. The FTC had earlier on Tuesday brought a complaint against the service that connects people with local businesses, stating that it had violated a number of rules, including the Children's Online Privacy Protection Act." (09/17/14)

http://tinyurl.com/kuqcvcn  

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FTC gangsters extort $3.5 million from green coffee extract company

September 9, 2014
posted by

Washington Post    

"The Federal Trade Commission on Monday slapped a $3.5 million fine on a company selling green coffee extract ingredients for dietary supplements under the specious [sic] claims that the substance promotes weight loss with or without diet and exercise. But despite the fact that the now-discredited [sic] pills were touted by television doctor Mehmet Oz, the medical community remains silent on the problem of doctors who enable weight-loss scams [sic]." (09/09/14)

http://tinyurl.com/kfv2v8v  

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FTC files frivolous lawsuit vs. Amazon on behalf of irresponsible parents

July 11, 2014
posted by

Twin Cities Pioneer Press    

"The Federal Trade Commission sued Amazon on Thursday for allowing children to make purchases within mobile applications even though the company knew kids were doing so without parental permission. The suit, filed in federal court in Seattle, alleges the online retail giant knowingly allowed kids to run up 'millions of dollars' of charges buying virtual items such as 'coins,''stars' and 'acorns' within the gaming apps, all without parental involvement." (07/10/14)

http://tinyurl.com/ostphtq  

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FTC gang files frivolous suit v. T-Mobile over other companies’ “cramming”

July 2, 2014
posted by

Reuters    

"U.S. authorities filed a complaint against T-Mobile USA on Tuesday, accusing the wireless provider of adding millions of dollars of unauthorized charges onto customers' bills, a practice known as 'cramming.' The charges were for subscriptions for services like horoscopes or celebrity gossip delivered by text message, which often cost $9.99 a month. T-Mobile USA received 35 to 40 percent of the amount charged, the Federal Trade Commission (FTC) said. ... The company, which has a reputation as a price-cutter, said in a statement that it had already stopped billing for the text services. It announced on June 10 that it was reaching out to 'crammed' customers to tell them how to request a refund." (07/01/14)

http://tinyurl.com/oo4bwmt  

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Why the FTC’s worries about online data brokers are overblown

May 29, 2014
posted by

Peter Suderman Reason
by Peter Suderman  

"The Federal Trade Commission is worried that online retailers may know too much about you thanks to online "data brokers" that collect, categorize, and sell information about potential customers. Unsurprisingly, its top official wants Congress to pass a law giving the agency power to regulate on your behalf. ... The FTC is not worried that you are worried that retailers may know too much. The agency's presumption is that consumers don't know what's going on, and that the agency should be given the authority to take action as a result." (05/28/14)

http://tinyurl.com/kurmxgv  

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Google set to pay record bribe to “FTC” racketeers

July 10, 2012
posted by

Apple Insider    

"Google is expected to pay a $22.5 million fine, the largest in the history of the Federal Trade Commission, for bypassing the privacy settings of users of Apple's Safari Web browser. ... The deal between Google and the FTC amounts to a $16,000 fine per violation, per day. Noting that the FTC is a 'relatively small federal agency,' the [Wall Street] Journal said the anticipated $22.5 million fine will be the largest ever imposed by the commission on a single corporation." (07/10/12)

http://bit.ly/OtN3Gb  

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Skechers to pay $40 million to FTC extortionists

May 17, 2012
posted by

Salt Lake Tribune    

"The government wants you to know that simply sporting a pair of Skechers' fitness shoes is not going to get you Kim Kardashian's curves or Brooke Burke's toned tush. Skechers USA Inc. will pay $40 million to settle charges by the Federal Trade Commission that the footwear company made unfounded claims that its Shape-ups shoes would help people lose weight and strengthen their butt, leg and stomach muscles." (05/17/12)

http://bit.ly/JVvZu5  

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Viva la Revolucion de Competencia!

April 5, 2011
posted by

Ludwig von Mises Institute Ludwig von Mises Institute
by SM Oliva  

"Last Thursday the US Federal Trade Commission and the Department of Justice’s Antitrust Division entered into an 'Agreement on Antitrust Cooperation' with the Fiscalia Nacional Economico (FNE), the Republic of Chile’s antitrust agency. ... this is in effect a collusion agreement between the US and Chilean authorities, which is notable since their shared objective is the criminalization of collusion in the private sector." (04/04/11)

http://blog.mises.org/16349/viva-la-competencia-revolucion/  

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Google settles with FTC extortionists over Buzz

March 30, 2011
posted by

CNet    

"Google has agreed to establish a 'comprehensive privacy program' to settle allegations that last year's launch of Google Buzz, a foray by the Web giant into social networking, initially shared more information than users reasonably expected. The Federal Trade Commission said today that the Mountain View, Calif.-based company has entered into a settlement agreement, which does not admit any wrongdoing, that includes regular reports on its privacy practices prepared by an independent professional for the next 20 years." (03/30/11)

http://news.cnet.com/8301-31921_3-20048771-281.html  

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Clarifying the FTC’s censorship demands

March 29, 2011
posted by

Ludwig von Mises Institute Ludwig von Mises Institute
by SM Oliva  

"The FTC is not trying to stop the sale of a supposedly dangerous product; i[t] is trying to stop people from talking about perfectly legal products. The FTC maintains that allowing free speech constitutes an 'irreparable harm' to the public merely because some members of the public might make decisions that the government determines are unwise." (03/29/11)

http://blog.mises.org/16256/clarifying-the-ftcs-censorship-demands/  

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The state never apologizes

February 14, 2011
posted by

Ludwig von Mises Institute Ludwig von Mises Institute
by SM Oliva  

"The federal law allowing for attorney fees limits recovery to individual and corporate defendants under a certain net worth. Congress intended the law to encourage small businessmen to challenge unfair regulatory actions. The FTC’s decision in Isely’s case effectively nullifies this. ... Leibowitz’s precedent sends a clear signal that no small businessman has any hope of winning anything more than a Pyrrhic victory against the FTC: Even a person who prevails in litigation will face financial ruin to pay their attorney fees." (02/13/11)

http://blog.mises.org/15676/the-state-never-apologizes/  

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Rosch: I’m the nation’s healthcare dictator, not Obama

February 13, 2011
posted by

Ludwig von Mises Institute Ludwig von Mises Institute
by SM Oliva  

"Obamacare has Federal Trade Commissioner John Thomas Rosch worried — about his own power to dictate how healthcare markets should function. The New York Times reports the unelected Rosch, a Republican appointed by the previous president, is upset that Barack Obama and his appointees want to encourage physician 'alliances' that Rosch feels should never exist ..." (02/11/11)

http://tinyurl.com/6duxf5j  

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The FTC vs. the FTC

February 9, 2011
posted by

Ludwig von Mises Institute Ludwig von Mises Institute
by S.M Oliva  

"The Federal Trade Commission has two principal components: the Bureau of Competition and the Bureau of Consumer Protection. These bureaus have seemingly contradictory objectives. The 'competition' side of the FTC complains when there are too few firms in a given industry vying to serve customers." (02/09/11)

http://mises.org/daily/5007/The-FTC-vs-the-FTC  

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