The FTC has sent new penalty offense notices to 670 companies regarding product claims substantiation as of April 13. These notices warned companies, including some direct sellers, that a failure to substantiate product claims could result in civil penalties in excess of $50,000. Check out this article from Kelley Drye to learn more.
Two notable news stories came out of the FTC this week. The first was the resignation of FTC Commissioner Christine Wilson, and the second was the commission's filing of its first-ever charges against a company for review hijacking. Read these two articles to learn more about these developments.
An FTC lawsuit against an investment advising company for deceptive money-making opportunities and earnings claims has resulted in the company having to refund millions of dollars to consumers and also pay a significant civil penalty. This enforcement result is significant as it's the first time that the FTC has collected civil penalties related to the Notice of Penalty Offenses regarding money making opportunities that was sent to hundreds of companies, including direct sellers, last October. Check out this article from JD Supra to learn more.
A recent NAD decision on claims within the debt relief space may provide key compliance lessons and insights for companies in all industries to consider. Read this article from Kelley Drye to learn more.
The FTC has adopted a new strategy to obtain monetary relief in the state of California following the U.S. Supreme Court's earlier ruling in AMG Capital. Check out this article in JD Supra to learn more.
At the end of August, the FTC published its new strategic plan for the next five years. What was outlined continues to show the FTC's emphasis on enforcement following the loss of its 13(b) authority while broadening the commission's focus and being more aggressive in terms of goals.
A report published by the American Enterprise Institute (AEI) delved into efforts by the FTC to speed up decision-making processes through the establishment of rulemaking frameworks with less public input and more political control. AEI recently held a panel discussion with former FTC leaders to discuss the findings of the report and the direction of the current commission.