Page 5 - Ftc Act News Today

FTC announced that it banned an automotive marketing company from the auto industry for the next twenty years for engaging in unfair and deceptive practices in violation of the FTC Act and failing to comply with the Truth in Lending Act’s TILA disclosure requirements.

FTC reached a $1.5 million settlement with loan application company ITMedia over violations of the FTC Act and FCRA. The FTC alleged ITMedia deceptively acquired and shared consumers’ sensitive personal information under the guise of connecting them with lenders.

The FTC established the Federal Trade Commission, which protects consumers against unfair and deceptive business practices.

Federal Trade Commission has been initiating investigations via civil investigative demands CIDs into alleged false, misleading and unsubstantiated representations in violation of Section 8023 of the Opioid Addiction Recovery Fraud Prevention Act of 2018

Members of Congress and the Federal Trade Commission FTC pushed for emergency legislation, the Consumer Protection and Recovery Act, HR 2668 would amend Section 13(b) of the FTC Act to explicitly reaffirm the FTC’s longstanding authority to obtain injunctive and equitable relief

Wednesday, April 28, 2021 The FTC recently provided guidance to companies on how to use artificial intelligence with an aim for “truth, fairness and equity.” The FTC reminded companies of three laws it enforces which have lessons for those in the AI space: Section 5 of the FTC Act (which would prohibit unfair algorithms, for example); the Fair Credit Reporting Act (which would prohibit algorithms that might deny housing, as an example); and the Equal Credit Opportunity Act (whic...

The Supreme Court, in a unanimous opinion authored by Justice Breyer, overruled the 9th Circuit and held that Section 13(b) of the FTC act does not authorize the Commission to seek, or a court to award, equitable monetary relief such as restitution or disgorgement.

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What is that timing? >> senator, we are kicking off the research. our goal is to focus on providing ideas for preventing interference in 2018 and beyond and folding us accountable for making sure the measures we put in place are successful. i hope we will see the first results later this year. >> thank you, mr. chairman. >> senator udall. senator moran is up next. i will say again that after a couple more questioners, we will probably give the witness another short break. >> thank you. >> we are...