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Government Agencies FTC

  • SAN FRANCISCO, Nov 13- Missouri's attorney general said Monday his office would investigate whether Alphabet Inc's Google violated the state's consumer protection and antitrust laws. Josh Hawley, a Republican seeking to unseat Democratic U.S. A Federal Trade Commission inquiry also prompted Google that year to agree to provide advertisers and patent...

  • WASHINGTON, Nov 3- Bankrate Inc will divest its Caring.com unit as a condition of its acquisition by Red Ventures LLC for $1.4 billion to avoid harm to competition in the third-party paid senior living facilities referral services, the Federal Trade Commission said on Friday.

  • WASHINGTON, Oct 30- A Federal Trade Commission judge has ruled against the online seller 1-800 Contacts, which the agency accused of hammering out deals with rivals that made it harder for consumers to comparison shop, the agency said on Monday. "The evidence in this case demonstrates that the advertising restraints imposed by the challenged agreements cause...

  • WASHINGTON, Oct 18- President Donald Trump has selected Joseph Simons, an antitrust attorney from a Washington law firm, to head the Federal Trade Commission, a White House official said on Wednesday. Trump is expected to nominate Simons to the agency, along with Noah Phillips and Rohit Chopra to be FTC commissioners, the White House official said.

  • WASHINGTON, Oct 18- The White House will nominate Joseph Simons, Noah Phillips and Rohit Chopra to the Federal Trade Commission, a White House official said on Wednesday. Simons will be named head of the agency once the Senate confirms him, the official said. The FTC works with the Justice Department to enforce antitrust law and investigates allegations of...

  • WASHINGTON, Oct 13- The U.S. Federal Trade Commission said on Friday it recently filed five new cases and won temporary restraining orders against 30 defendants whom the agency accused of defrauding students in need of help repaying school loans. "Winter is coming for debt relief scams that prey on hardworking Americans struggling to pay back their student...

  • WASHINGTON, Sept 28- Abbott Laboratories has won U.S. antitrust approval to buy Alere Inc on condition that it sell two point-of-care medical testing businesses, the Federal Trade Commission said on Thursday. Alere's shares were up 3.5 percent at $50.61 in mid-afternoon trading on Thursday while Abbott was up 3 percent at $53.72. Alere also agreed Thursday to...

  • WASHINGTON, Sept 28- Abbott Laboratories has won U.S. antitrust approval to buy Alere Inc on condition that it sell two point-of-care medical testing businesses, the Federal Trade Commission said on Thursday. Alere's shares were up 3.5 percent at $50.62 in mid-afternoon trading on Thursday while Abbott was up 3.2 percent at $53.81. Alere also agreed Thursday...

  • WASHINGTON, Sept 28- Abbott Laboratories has won U.S. antitrust approval to buy Alere Inc on condition that it sell certain assets, the Federal Trade Commission said on Thursday. The company finally agreed to buy Alere in April for about $5.3 billion, down from its initial $5.8 billion offer. The European Union cleared the deal in January.

  • Credit reporting company Equifax Inc. corporate offices are pictured in Atlanta, Georgia.

    Equifax interim CEO Paulino do Rego Barros Jr. apologized for a massive data breach affecting 143 million Americans.

  • Sept 27- Credit-reporting firms will be subject to stricter regulatory monitoring following the massive data breach that Equifax Inc disclosed this month, the head of the Consumer Financial Protection Bureau said on Wednesday. The CFPB is working with the Federal Trade Commission and the New York Department of Financial Services on a new regulatory...

  • Credit reporting company Equifax corporate offices are pictured in Atlanta, Georgia, September 8, 2017.

    The San Francisco City Attorney's office said Equifax failed to protect personal data of more than 15 million Californians.

  • Sept 26- Equifax Inc said on Tuesday its Chief Executive Officer Richard Smith will step down and forgo his annual bonus, a move that came weeks into a mounting crisis at the credit-monitoring firm stemming from a massive data breach. Equifax is being investigated by the U.S. Federal Trade Commission, and faces a barrage of questions from Congress and public ire...

  • FTC looks to crack down on paid social media posts

    CNBC's Julia Boorstin reports on how regulators want to keep social media influencers on the right side of the law when it comes to deceptive advertising on paid posts.

  • Senator Amy Klobuchar, the top Democrat on the Senate Judiciary Committee's antitrust panel, introduced a bill on Thursday that would make it easier for the government to stop mergers and another that would raise fees that companies pay for merger reviews. One bill would lessen the burden on the Justice Department and Federal Trade Commission, which review...

  • WASHINGTON, Sept 14- The U.S. Federal Trade Commission said on Thursday it was investigating Equifax Inc's massive data breach, and a top Democrat suggested the credit-monitoring company's corporate leaders might need to resign. Senate Democratic leader Chuck Schumer compared Equifax to Enron, the U.S. energy company that filed for bankruptcy in 2001 after...

  • WASHINGTON, Sept 14- The U.S. Federal Trade Commission said on Thursday it was investigating Equifax Inc's massive data breach, and a top Democrat suggested the credit-monitoring company's corporate leaders might need to resign. Senate Democratic leader Chuck Schumer compared Equifax to Enron, the U.S. energy company that filed for bankruptcy in 2001 after...

  • Credit reporting company Equifax corporate offices are pictured in Atlanta, Georgia, September 8, 2017.

    Mark Grossman, tech lawyer, and Marc Lopresti, Lopresti Law Group, discuss the Federal Trade Commission and Congress investigating Equifax after its data breach put 143 million customers' data at risk.

  • WASHINGTON, Sept 14- The U.S. Federal Trade Commission said on Thursday it was investigating Equifax Inc's massive data breach, a rare public confirmation, as a top Democrat suggested the credit-monitoring company's corporate leaders might need to resign. Senate Democratic Leader Chuck Schumer also compared Equifax to Enron, a U.S. energy company that filed...

  • WASHINGTON, Sept 14- The U.S. Federal Trade Commission said on Thursday it was investigating Equifax Inc's massive data breach, a rare public confirmation, as a top Democrat suggested the credit-monitoring company's corporate leaders might need to resign. Senate Democratic Leader Chuck Schumer also compared Equifax to Enron, a U.S. energy company that was...