FTC Sends Money to Consumers Harmed by Student Loan Forgiveness Scam
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Developments
Our developments section tracks activities of the legislature, regulatory activities and court decisions as well as other relevant developments in the jurisdictions we follow.
FTC and DOJ Host Listening Session on Lowering Americans’ Drug Prices Through Competition
WHAT: The Federal Trade Commission and the Justice Department’s Antitrust Division, along with the Department of Commerce and the Department of Health and Human Services, will jointly host the second of three listening sessions focused on discussing ways to make prescription drugs more affordable for Americans by promoting competition.View Press Release
FTC Seeks Public Comment on Petition to Modify EQT, Quantum Energy Order
The Federal Trade Commission requests public comment on a petition seeking to reopen and set aside a final consent order involving a $5.2 billion cash-and-stock deal between private equity firm Quantum Energy Partners and natural gas producer EQT Corporation. View Press Release
FTC Halts Illegal Debt-Relief Operation that Falsely Impersonated Businesses and the Government, Harming Consumers
Agency says Accelerated Debt Settlement primarily targeted older consumers, including veterans, and falsely claimed they could reduce consumers’ debt by up to 75% or more View Press Release
FTC Seeks Comment on Petition to Vacate 2021 Order Related to Provider of Stalkerware Apps
FTC order bans SpyFone and its CEO from the surveillance business and requires information-security program The Federal Trade Commission is seeking public comment on a request from Scott Zuckerman, the CEO of a company that marketed “stalkerware” apps, to vacate or modify the FTC’s order banning monitoring products and services and requiring implementation of an … Read more
FTC Reopens and Sets Aside Chevron-Hess Final Order
Today, the Federal Trade Commission reopened and set aside the final consent order involving Chevron Corporation’s proposed acquisition of Hess Corporation.View Press Release
FTC Reopens and Sets Aside Exxon-Pioneer Final Order
Today, the Federal Trade Commission reopened and set aside the final consent order involving Exxon Mobil Corporation’s proposed acquisition of Pioneer Natural Resources Company.View Press Release
FTC Action Against E-Commerce Business Opportunity Scam Results in Permanent Bans for Owner and his Companies
Defendants will also surrender cash and property worth millions of dollars The remaining defendants in a business opportunity scheme halted by the Federal Trade Commission will turn over cash and property valued in the millions of dollars to settle allegations they lured consumers with false promises of big returns selling goods through Amazon’s and Walmart’s … Read more
FTC Denies Sheffield’s Petition to Reopen and Set Aside the Exxon-Pioneer Final Order
The Federal Trade Commission denied a request filed by Scott Sheffield, the founder and former CEO of Pioneer Natural Resources, to reopen and set aside a final consent order involving Exxon Mobil Corporation’s acquisition of Pioneer. View Press Release
FTC Takes Action Against Telemedicine Firm NextMed Over Charges It Used Misleading Prices, Fake Reviews, and Deceptive Weight Loss Claims to Sell GLP-1 Weight-Loss Programs
Under proposed settlement order, NextMed and its principals will pay $150,000 and be banned from misrepresenting products and reviews The operators of telemedicine company Southern Health Solutions, Inc., doing business as Next Medical and NextMed, have agreed to settle the Federal Trade Commission’s charges that they used deceptive cost and weight loss claims, as well … Read more