Federal Trade Commission

FTC Action Leads to Lifetime Industry Ban for Operators of ‘Extended Vehicle Warranty’ Scam

Retrieved on:

Friday, March 24, 2023

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The orders also include a monetary judgment of $6.6 million, which is largely suspended based on their inability to pay.

Key Points:

The orders also include a monetary judgment of $6.6 million, which is largely suspended based on their inability to pay.
If the defendants are found to have lied to the FTC about the financial status, the full judgment would be immediately payable.
The FTC filed the proposed order in the U.S. District Court for the Southern District of Florida.
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FTC Action Leads to Lifetime Industry Ban for Operators of ‘Extended Vehicle Warranty’ Scam

Retrieved on:

Friday, March 24, 2023

The orders also include a monetary judgment of $6.6 million, which is largely suspended based on their inability to pay.

Key Points:

The orders also include a monetary judgment of $6.6 million, which is largely suspended based on their inability to pay.
If the defendants are found to have lied to the FTC about the financial status, the full judgment would be immediately payable.
The FTC filed the proposed order in the U.S. District Court for the Southern District of Florida.
Follow the FTC on social media, read consumer alerts and the business blog, and sign up to get the latest FTC news and alerts.

Federal Trade Commission Proposes Rule Provision Making it Easier for Consumers to “Click to Cancel” Recurring Subscriptions and Memberships

Retrieved on:

Friday, March 24, 2023

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That is just one of several significant updates the Commission is proposing to its rules regarding subscriptions and recurring payments.

Key Points:

That is just one of several significant updates the Commission is proposing to its rules regarding subscriptions and recurring payments.
“Some businesses too often trick consumers into paying for subscriptions they no longer want or didn’t sign up for in the first place,” said FTC Chair Lina M. Khan.
“The proposed rule would require that companies make it as easy to cancel a subscription as it is to sign up for one.
The Federal Trade Commission works to promote competition and protect and educate consumers.

Federal Trade Commission Proposes Rule Provision Making it Easier for Consumers to “Click to Cancel” Recurring Subscriptions and Memberships

Retrieved on:

Thursday, March 23, 2023

Commissioner, Review, Industry, Register, Commission, Cosmetics, Blog, Federal Trade Commission, Federal Register, FTC, Hearing, Program, News, Social media, Mail, Online shopping

That is just one of several significant updates the Commission is proposing to its rules regarding subscriptions and recurring payments.

Key Points:

That is just one of several significant updates the Commission is proposing to its rules regarding subscriptions and recurring payments.
“Some businesses too often trick consumers into paying for subscriptions they no longer want or didn’t sign up for in the first place,” said FTC Chair Lina M. Khan.
“The proposed rule would require that companies make it as easy to cancel a subscription as it is to sign up for one.
The Federal Trade Commission works to promote competition and protect and educate consumers.

Incode Technologies Partners with Advanced Living Technologies & At-visions to Transform Player and Guest Onboarding in EMEA

Retrieved on:

Thursday, March 23, 2023

SAN FRANCISCO, March 23, 2023 /PRNewswire/ -- Incode Technologies, the revolutionary ID proofing company, has announced a strategic partnership with leading guest technology services companies, Advanced Living Technologies (ALTec) and its sister company, at-visions. ALTec will leverage Incode's innovative biometric, omnichannel identity verification and authentication platform for a variety of services including Know Your Date (KYD)/Age Verification, Know Your Customer (KYC) compliance and reusable identity. The agreement, powered by Incode's AI/ML and biometric solutions, will enable ALTec and at-visions to transition gaming and hospitality away from decades-old technology and redefine the guest experience status quo, respectively.

Key Points:

Through a new agreement to support Advanced Living Technologies' leading guest technology services, Incode to bring best-in-class identity verification to Gaming and Hospitality sectors
SAN FRANCISCO, March 23, 2023 /PRNewswire/ -- Incode Technologies, the revolutionary ID proofing company, has announced a strategic partnership with leading guest technology services companies, Advanced Living Technologies (ALTec) and its sister company, at-visions.
The agreement, powered by Incode's AI/ML and biometric solutions, will enable ALTec and at-visions to transition gaming and hospitality away from decades-old technology and redefine the guest experience status quo, respectively.
At-visions specializes in IP streaming solutions for mobile applications, networks, and digital signage in the hospitality industry.
At-visions is capitalizing on ALTec's existing verifications customer base to resell SONIO, embedded with Incode's identity verification solutions, into the hospitality sector.

FTC To Hold Informal Hearing on Proposed Impersonation Rule

Retrieved on:

Wednesday, March 22, 2023

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The Federal Trade Commission will hold an informal hearing on its proposed rule prohibiting government and business impersonation at 1 p.m. on May 4, 2023.

Key Points:

The Federal Trade Commission will hold an informal hearing on its proposed rule prohibiting government and business impersonation at 1 p.m. on May 4, 2023.
In a Federal Register Notice, the FTC notes that during the recent public comment period regarding the Notice of Proposed Rulemaking, an informal hearing was requested by a commenter.
Any member of the public wishing to speak at the informal hearing must request to speak by April 14, 2023.
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FTC Seeks Comment on Business Practices of Cloud Computing Providers that Could Impact Competition and Data Security

Retrieved on:

Wednesday, March 22, 2023

The Federal Trade Commission staff are seeking information on the business practices of cloud computing providers including issues related to the market power of these companies, impact on competition, and potential security risks.

Key Points:

The Federal Trade Commission staff are seeking information on the business practices of cloud computing providers including issues related to the market power of these companies, impact on competition, and potential security risks.
In a Request for Information, FTC staff are seeking information about the competitive dynamics of cloud computing, the extent to which certain segments of the economy are reliant on cloud service providers, and the security risks associated with the industry’s business practices.
In addition to the potential impact on competition and data security, FTC staff are also interested in the impact of cloud computing on specific industries including healthcare, finance, transportation, e-commerce, and defense.
“Large parts of the economy now rely on cloud computing services for a range of services,” said Stephanie T. Nguyen, the FTC’s Chief Technology Officer.

FTC Issues Final Rule Establishing Process for Approval of Horseracing Integrity and Safety Authority’s Budget

Retrieved on:

Wednesday, March 22, 2023

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The Federal Trade Commission has made updates to its Rules of Practice, establishing a formal process by which the Horseracing Integrity and Safety Authority can submit its budget to the FTC for review and an approval decision.

Key Points:

The Federal Trade Commission has made updates to its Rules of Practice, establishing a formal process by which the Horseracing Integrity and Safety Authority can submit its budget to the FTC for review and an approval decision.
Under the Horseracing Integrity and Safety Act of 2020, the FTC is required to provide oversight of the Authority, including over its budget.
The new procedural rules establish requirements applicable to the Authority for its submission of proposed budgets to the Commission for review.
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FTC Seeks Comment on Business Practices of Cloud Computing Providers that Could Impact Competition and Data Security

Retrieved on:

Wednesday, March 22, 2023

The Federal Trade Commission staff are seeking information on the business practices of cloud computing providers including issues related to the market power of these companies, impact on competition, and potential security risks.

Key Points:

The Federal Trade Commission staff are seeking information on the business practices of cloud computing providers including issues related to the market power of these companies, impact on competition, and potential security risks.
In a Request for Information, FTC staff are seeking information about the competitive dynamics of cloud computing, the extent to which certain segments of the economy are reliant on cloud service providers, and the security risks associated with the industry’s business practices.
In addition to the potential impact on competition and data security, FTC staff are also interested in the impact of cloud computing on specific industries including healthcare, finance, transportation, e-commerce, and defense.
“Large parts of the economy now rely on cloud computing services for a range of services,” said Stephanie T. Nguyen, the FTC’s Chief Technology Officer.

FTC To Hold Informal Hearing on Proposed Impersonation Rule

Retrieved on:

Wednesday, March 22, 2023

Government, Hearing, Social media, Federal Register, News, Blog, Federal Trade Commission, FTC, Notice of proposed rulemaking

The Federal Trade Commission will hold an informal hearing on its proposed rule prohibiting government and business impersonation at 1 p.m. on May 4, 2023.

Key Points:

The Federal Trade Commission will hold an informal hearing on its proposed rule prohibiting government and business impersonation at 1 p.m. on May 4, 2023.
In a Federal Register Notice, the FTC notes that during the recent public comment period regarding the Notice of Proposed Rulemaking, an informal hearing was requested by a commenter.
Any member of the public wishing to speak at the informal hearing must request to speak by April 14, 2023.
Follow the FTC on social media, read consumer alerts and the business blog, and sign up to get the latest FTC news and alerts.