Category: Insurance

Following a public comment period (beginning in May of 2022) for proposed changes to its current Endorsement Guides, the FTC has announced updated Advertising Guides to combat deceptive reviews and endorsements in order to protect consumers.

In case you missed it, you can now watch the full PDMI webinar from May 2 featuring Momentum Factor's own Travis Wilson. During this in-depth webinar, Wilson along with other experts in ecommerce, legal and compliance discuss the impact of proposed changes to the FTC's Negative Option Rule.

In case you missed it with the start of the new year, the FTC has published inflation-adjusted civil penalty amounts for violations in 2023. As a result, many companies can now expect to pay up to $50,120 per violation.

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.

The FTC has voted to issue an Advanced Notice of Proposed Rulemaking regarding its Business Opportunity Rule. This ANPRM will explore changes and possible expansion of the rule, which could have implications for the direct selling industry.

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 formally announced an open commission meeting for November 17 and one of the tentative agenda items includes a vote on whether to issue an Advanced Notice of Proposed Rulemaking (ANPRM) regarding the Business Opportunity Rule. Notably, any potential expansion of this rule could have implications for the direct selling industry.

The FTC has formally announced that it is exploring a potential rule to thwart deceptive or unfair reviews and endorsements.

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.