Newly released Federal Trade Commission data shows that consumers reported losing more than $5.8 billion to fraud in 2021, an increase of more than 70 percent over the previous year.
The FTC received fraud reports from more than 2.8 million consumers last year, with the most commonly reported category once again being imposter scams, followed by online shopping scams.
FTC Returns More Than $930,000 To Consumers Who Bought Teami's Deceptively Advertised Teas |
The Federal Trade Commission is returning more than $930,000 to consumers who bought tea products that Teami marketed and sold using allegedly deceptive health claims.
The FTC sued Teami, LLC and its owners in March 2020 , charging that the company made bogus health claims and paid for endorsements from well-known social media influencers who did not adequately disclose that they were being paid to promote the defendant's products.
Understanding the FTC's Monetary Toolkit | U.S. Chamber of Commerce
The FTC should have the authority to seek compensation for consumers harmed by unfair practices, but that compensation should remain focused on the actual harm caused and not punish companies based off their size.
The Federal Trade Commission (FTC) wants Congress to grant it new authority to collect monetary relief from companies that violate consumer protection laws. While the FTC should have the right tools to compensate consumers who are harmed by misconduct, not all violations of the law are the same.
FTC targeting extended car warranty robocalls - The Washington Post
I get several robocalls a week from companies saying that my manufacturer's factory car warranty has expired and that I'll be in a heap of financial trouble if I don't get an extended plan right away.
Scary letters come regularly with the words "FINAL NOTICE" and "EXTREMELY URGENT," warning that I need to extend my auto warranty or I'll be financially liable for all repairs.
FTC Updates (February 14-18, 2022) | Retail & Consumer Products Law Observer
Education / Consumer Protection/FTC Advisory: FTC Launches Rulemaking On Earnings Claims Targeting
Our Education and Consumer Protection/FTC Teams discuss a proposed rule from the Federal Trade Commission that could cost for-profit colleges and other industries "steep penalties" for alleged violations.
The Federal Trade Commission (FTC) announced an advance notice of proposed rulemaking (ANPR), which launches a proceeding to consider whether to issue a new rule aimed at false, misleading, and unsubstantiated earnings claims.
FTC Settles with Weight Watchers in First Children's Privacy Case Requiring Deletion of Algorithms
On February 16, 2022, the Federal Trade Commission (FTC) filed a proposed settlement order in federal court in its case against WW International, Inc (formerly known as Weight Watchers International, Inc.) and its subsidiary Kurbo, Inc.
The COPPA Rule applies to online service operators whose service, or a portion of the service, is directed to children under the age of 13 or who have actual knowledge that they collect information from children.
Not Identifying & Patch Instances of Log4j May Violate FTC Act
On January 4, 2022, the Federal Trade Commission published a blog post reminding companies that "the duty to take reasonable steps to mitigate known software vulnerabilities implicates laws including, among others, the Federal Trade Commission Act and the Gramm Leach Bliley Act," in response to
Attorneys general call on FTC to adopt national rule outlawing impersonation scams
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CAPE GIRARDEAU, Mo. (KFVS) - The vast majority of top attorneys across the U.S. call on the Federal Trade Commission to adopt a national rule to address impersonation scams.
The Attorneys General from 47 states, along with Guam and the District Of Columbia, signed onto a letter sent to the Federal Trade Commission.
Fashion Nova FTC Settlement: Lawyer Talks Review Suppression | Time
I n January, the Federal Trade Commission (FTC) settled a complaint against Fashion Nova alleging that the fashion retailer blocked negative reviews from appearing on its website.
Lee served as lead attorney on the historic case, which marked the first time the FTC has challenged a company for allegedly failing to post negative reviews.
FTC received fraud reports from more than 2.8 million consumers last year, with the most commonly reported category… https://t.co/EckB9r9yMx FTC (from Washington, D.C.) Wed Feb 23 15:01:41 +0000 2022
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