New data from the Federal Trade Commission show that more consumers than ever report falling prey to romance scammers. Consumers reported losing $547 million in 2021 alone.
A newly released data spotlight shows that in 2021 reported losses to romance scammers were up nearly 80 percent compared to 2020, and the total reported lost over the past five years has now reached $1.3 billion.
FTC Reminder of Endorsement Rules for Influencers
Advertising regulation is a vast area of law that applies across numerous industries. Marketing and advertising have evolved extensively over the past decade with the rise of social media and influencers as prominent parts of large companies' advertising campaigns.
The agency charged with promulgating and enforcing such regulations is the Federal Trade Commission ("FTC"), with the primary purpose of protecting consumers from deceptive and misleading practices.
FTC Charges Florida-based Sellers for Deceptively Marketing "Extended Auto Warranty" Programs |
The Federal Trade Commission is taking action in federal court against a Florida-based group of defendants it alleges have called hundreds of thousands of consumers nationwide to pitch them expensive "extended automobile warranties" using deceptive telemarketing tactics.
FTC Sues Burger Franchise Company That Targets Veterans and Others With False Promises and
In a complaint filed on the FTC's behalf by the Department of Justice, the FTC alleges that Burgerim and Loni recruited potential franchisees by pitching the opportunity as "a business in a box," that required little to no business experience, downplaying the complexity of owning and operating a
FTC Sends Full Refunds to Consumers who Bought Deceptively Marketed Fish Oil Supplement | Federal
According to the FTC's April 2021 complaint , BASF paid DIEM Labs to advertise and distribute both supplements in the United States.
The orders settling the Commission's charges banned the companies from making unproven health claims about Hepaxa or similar products and required them to pay money to provide refunds.
The FTC Administrative Process: Get Prepared for an Extended Engagement | BakerHostetler - JDSupra
One of the post- AMG predictions about Federal Trade Commission (FTC or Commission) law enforcement is that we will see more administrative litigation. And that appears to be coming true, but not at an exceptional pace.
So if administrative litigation is a vehicle that can allow the FTC to recover redress, why aren’t we seeing an explosion of administrative litigation? Well, it’s time-consuming – and the process of getting money makes it even more time-consuming.
FTC Health Breach Notification Rule | Davis Wright Tremaine LLP - JDSupra
The FTC's expansive approach extends to the definition of a breach, which, in addition to cybersecurity incidents, would include an app developer's disclosure of an individual's health information without the individual's consent.
The rule applies to foreign and domestic non-HIPAA covered vendors of "personal health records that contain individually identifiable health information created or received by health care providers." More specifically, the rule applies to:
FTC Expanding Role in Cybersecurity and Data Privacy
During the second half of 2021, the FTC took two meaningful actions that signaled the FTC's desire to expand its role in setting and enforcing cybersecurity and data privacy standards: the FTC clarified the scope of the often ignored HBN Rule and the FTC amended the Safeguards Rule to strengthen
Potential Bias in AI Consumer Decision Tools Eyed by FTC, CFPB | Jenner & Block - JDSupra
Potential discrimination and bias resulting from consumer tools based on artificial intelligence and automated data will be an enforcement focus of regulators this year, Jenner & Block attorneys predict. Accuracy and transparency are also on the table, they say.
Given the growing use of artificial intelligence (AI) and automated decision-making tools in consumer-facing decisions, we expect federal regulators in 2022 to continue their recent track record of interest in potential discrimination and unfairness, as well as data accuracy and transparency.
Courts, FTC Should OK Health Mergers That Help the Underserved
The FTC's finger-wagging might make sense if mergers in the health-care arena were always at odds with quality care. They are not. Some mergers have real benefits for patients, and the FTC should amend its practices and look to facilitate those benefits.
These dynamics are not always true in underserved areas, namely in rural, inner city, and tribal communities. Residents in these communities often have fewer options.
Just in time for #ValentinesDay – FTC data show romance scams hit record high; $547 million reported lost in 202… https://t.co/Lg5mtgOI8D FTC (from Washington, D.C.) Thu Feb 10 15:33:10 +0000 2022
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