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  • NEW YORK— Professional racecar driver Scott Tucker has been charged in a payday lending operation offering quick cash over the Internet to desperate people. Authorities said Tucker was arrested Wednesday in Kansas City, Kansas, on charges in an indictment unsealed in federal court in New York City. In 2012, the Federal Trade Commission sued Tucker in Nevada...

  • GLENDALE, Calif.— A Glendale, California, company shut down 10 months ago will pay about $10 million to settle claims by the Federal Trade Commission that it wildly exaggerated the results of its diet supplements, used fake endorsements from people like Oprah Winfrey and hired marketers to send millions of spam emails. FTC Midwest Region attorney Matthew H. Wernz...

  • DETROIT— General Motors and two dealer groups have settled complaints from the Federal Trade Commission that they touted the safety of used cars in advertising yet sold the cars without making recall repairs. The agency says Jim Koons Management, Lithia Motors and GM were named in administrative complaints. They also have to notify people who bought used cars...

  • WASHINGTON, Jan 28- General Motors Co and two dealership companies, Jim Koons Management and Lithia Motors Inc, will settle allegations they advertised that they sold carefully inspected cars that in fact had unrepaired safety recalls, the Federal Trade Commission said on Thursday. GM paid more than $2 billion in total costs connected to its recall of older...

  • WASHINGTON, Jan 28- General Motors Co and two dealership companies, Jim Koons Management and Lithia Motors Inc, will settle allegations they advertised that they sold carefully inspected cars that in fact had unrepaired safety recalls, the Federal Trade Commission said on Thursday. GM paid more than $2 billion in total costs connected to its recall of older...

  • WASHINGTON, Jan 27- The U.S. Federal Trade Commission filed a lawsuit on Wednesday against DeVry University, run by DeVry Education Group Inc, accusing it of deceiving students about post-graduate job prospects. "DeVry Group believes that the FTC's complaint- filed 40 years after DeVry University began publishing accurate graduate employment statistics- is...

  • WASHINGTON, Jan 27- The U.S. Federal Trade Commission filed a lawsuit against DeVry University, run by DeVry Education Group Inc, on Wednesday alleging the company deceived students about the prospect that they would find work. In a letter to the school posted on the Education Department web site, it said that as condition of further U.S. federal student aid to...

  • WASHINGTON, Jan 27- The U.S. Federal Trade Commission filed a lawsuit against DeVry University, run by DeVry Education Group Inc, on Wednesday alleging the company deceived students about the prospect that they would find work.

  • NEW YORK, Jan 22- The U.S. Federal Trade Commission is investigating Turing Pharmaceuticals for possible antitrust violations in connection with the company's decision to hike the price of a life-saving drug by more than 5,000 percent, a lawyer for former Chief Executive Officer Martin Shkreli wrote on Friday. The probe was disclosed in a letter to the U.S....

  • NEW YORK, Jan 22- The Federal Trade Commission is investigating Turing Pharmaceuticals for possible antitrust violations following the company's decision to raise the price of a life-saving medicine, a lawyer for former Chief Executive Martin Shkreli wrote on Friday. The probe was disclosed in letter to members of the U.S. House Committee on Oversight and...

  • Jan 21- U.S. regulators have asked a federal judge in Nevada to order a professional racecar driver and various entities he and his late brother controlled to pay more than $1.32 billion for engaging in a scheme to deceive payday lending customers. The Federal Trade Commission on Wednesday filed papers in federal court in Las Vegas seeking to force Scott Tucker...

  • Jan 20- Staples Inc said it would give itself three more months before calling off its proposed $6.3 billion- acquisition of Office Depot Inc, giving the companies time to fight an antitrust lawsuit with the Federal Trade Commission. Staples said on Wednesday it would extend the termination date of the proposed acquisition to May 16 from Feb. 4, the previous...

  • WASHINGTON, Jan 13- Branded drug companies hammered out far fewer deals with generic drug makers to delay sales of cheaper medicines in the year after the Supreme Court ruled the Federal Trade Commission could legally pursue such agreements as potentially illegal. The Supreme Court ruling said in June 2013 that the deals could potentially be a violation of...

  • WASHINGTON, Jan 13- Branded drug companies hammered out far fewer deals with generic drug makers to delay sales of cheaper medicines in the year after the Supreme Court ruled the Federal Trade Commission could legally pursue such agreements as potentially illegal. The FTC said that pharmaceutical companies reached 21 of the "pay-for-delay" deals in fiscal...

  • WASHINGTON, Jan 5- Online game provider Lumosity has agreed to pay $2 million to settle allegations that it made unfounded claims that its games reduce or delay intellectual impairment that comes with age, the Federal Trade Commission said on Tuesday. "Lumosity preyed on consumers' fears about age-related cognitive decline, suggesting their games could stave...

  • How debtors are losing their legal rights Tuesday, 22 Dec 2015 | 6:49 PM ET
    Clifford Cain Jr., a retired electrician, in his home in west Baltimore, Dec. 16, 2015. Debt buyers are using the courts to sue consumers like Cain and collect debt, then preventing those same consumers from using the courts to mount a challenge.

    Debt buyers sue consumers to collect debt but prevent those same consumers from challenging them. The New York Times reports.

  • Dec 21- Office supply retailer Staples Inc said the U.S. Federal Trade Commission had rejected its raised offer to divest up to $1.25 billion of commercial contracts to secure approval for its acquisition of smaller rival Office Depot Inc.. Staples shares rose more than 1 percent to $9.41 in early trading, while Office Depot shares gained about 1 percent to...

  • Dec 21- Office supply retailer Staples Inc said the U.S. Federal Trade Commission had rejected its offer to divest up to $1.25 billion of commercial contracts to secure approval for its acquisition of smaller rival Office Depot Inc.. Staples said on Monday it was willing to continue talks with the FTC to reach a settlement to address the antitrust regulator's...

  • Staples, FTC stalled on settlement talks Thursday, 17 Dec 2015 | 5:19 PM ET

    WASHINGTON, Dec 17- The U.S. Federal Trade Commission is looking for office supply store Staples to improve its offer to divest assets to further its bid to buy rival Office Depot, the agency said in court on Thursday. The FTC filed a complaint on December 7 aimed at stopping Staples from buying Office Depot, saying that the deal would hurt big customers who want...

  • WASHINGTON, Dec 17- LifeLock Inc, which sells identity theft monitoring and fraud detection services, has agreed to pay $100 million to settle charges that it failed to properly protect its customers' data, the Federal Trade Commission said on Thursday. The FTC had accused LifeLock, which is based in Tempe, Arizona, of violating a 2010 court order that required it to...