March 12, 2014 |
The rancorous battle over Herbalife's business practices took a critical turn as the company revealed that it is being investigated by the Federal Trade Commission. Herbalife did not reveal details of the probe, but the Los Angeles nutritional products maker reiterated its long-held position that its business model is sound. The company has been the target of accusations that it operates a pyramid scheme. "Herbalife welcomes the inquiry given the tremendous amount of misinformation in the marketplace, and will cooperate fully with the FTC," the company said in a statement.
December 19, 2012 |
Technology has changed a lot in 15 years. It's been nearly that long since the Federal Trade Commission has updated rules protecting kids' online privacy. The Federal Trade Commission said Wednesday that it has given parents greater control over the information that online services collect from kids 12 and under. Read Jessica Guynn's story on the issue here . Among the changes to the 1998 Children's Online Privacy Protection Act: The FTC updated rules for mobile apps and made it clear that a child's location, photographs and videos cannot be collected without a parent's permission.
July 3, 2013 |
Media mogul Barry Diller is speaking up about his recent tiff with the Federal Trade Commission involving his stake in Coca-Cola Co. The executive behind the launch of Fox Broadcasting and a former chief executive of Paramount Pictures has agreed to pay $480,000 to resolve FTC allegations that he failed to properly disclose his purchases of Coke stock between 2010 and 2012. Because the purchases brought his holdings above $63.4 million, he was required to disclose them to the FTC but failed to do so, the agency said.
April 26, 2012 |
Is Google on the verge of an antitrust showdown with federal regulators? The Federal Trade Commission, which is investigating whether Google has abused its colossal share of the U.S. search market and put competitors at a disadvantage, has unsheathed a new weapon in its year-old probe of the search giant: It has hired a prominent outside litigator, known for her firepower in the courtroom, to oversee the investigation. It's the strongest signal yet that the agency is preparing to take on Google.
June 26, 2012 |
Advertisers, bullies and sexual predators aren't the only ones trying to get their hands on your kid's information online. Don't forget about identity thieves. Although many adults regularly check their own credit reports to keep tabs on activity, most parents don't expect their children to have a credit file to have to check. And they wouldn't, unless someone has snagged the necessary details and commandeered your kids' persona. When a child's identity is stolen, it can be years before it's discovered, according to the Federal Trade Commission.
May 21, 2012 |
It has long been clear that the most wonderful thing about Pom Wonderful pomegranate juice is the spectacular marketing skill that persuades consumers to fork over their hard-earned cash for a liquid that sells for five to six times the price of, oh, cranberry juice. As we've mentioned in the past , the key to that marketing is the claim by Pom's makers, the Beverly Hills grandees Stewart and Lynda Resnick and their company, that Pom has wonderful health effects, especially in the areas of prostate cancer, erectile dysfunction, and cardiovascular performance.
February 22, 2013 |
The Federal Trade Commission opened a potentially significant new front Friday in its efforts to protect consumers against data theft. The commission announced a settlement with mobile device manufacturer HTC America that requires the company to plug security holes in millions of smartphones and tablet computers, develop a comprehensive approach to data protection and undergo independent security assessments every other year. Federal law gives the commission the authority to go after "unfair" business practices that harm consumers, and it's used that authority increasingly in recent years to crack down on companies that don't safeguard the sensitive data they collect from customers.
May 31, 2011 |
Here is a roundup of alleged cons, frauds and schemes to watch out for. 'Free' vacation The Federal Trade Commission is suing a company that it said preyed on the Spanish-speaking community. The firm allegedly charged fees for vacation packages that victims supposedly had won in contests but never received. According to a lawsuit filed in Florida, VGC Corp. of America placed ads on Spanish-language television and radio stations that promised prizes to callers if they could answer a trivia question.
October 3, 2012 |
The Federal Trade Commission is teaming up with tech companies and regulatory agencies around the world to crack down on tech-support scams that may have already cost U.S. consumers tens of millions of dollars. In a tech-support scam, typically originating out of India, callers claiming to be with a trusted security company tell consumers that their computers may have been infected with a virus or malware. The callers then trick people into purchasing anti-virus software they don't need, which can often range in price from $49 to $450.
January 9, 2014 |
Four auto dealers in Southern California and five others around the country agreed to settle with the Federal Trade Commission over charges of deceptive advertising that misled consumers about low prices and financing when buying cars. The nationwide sweep, dubbed Operation Steer Clear, targeted dealers that ran misleading print, online and video ads that misrepresented costs for the sale, financing and leasing of automobiles. “For most consumers, buying a car is one of the most expensive transactions they will make in their life.