Fairness to Contact Lens Consumers Act

Online marketplaces, take note: INFORM Consumers Act takes effect on June 27th

Retrieved on: 
Wednesday, August 30, 2023

Online marketplaces, take note: INFORM Consumers Act takes effect on June 27th

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Online marketplaces, take note: INFORM Consumers Act takes effect on June 27th

Persona Launches Know Your Seller (KYS) Solution to Help Marketplaces Comply with INFORM Consumers Act

Retrieved on: 
Tuesday, May 16, 2023

SAN FRANCISCO, May 16, 2023  /PRNewswire/ -- Persona today launched a know your seller (KYS) solution designed to help marketplace businesses comply with the INFORM Consumers Act,  bipartisan legislation passed to combat global marketplace fraud last estimated to exceed $500 billion annually1. KYS was purpose-built for marketplaces on top of Persona's automated know your business (KYB) solution launched last June. With enhanced features for bank account verification, KYS is uniquely positioned to help marketplaces save time and reduce errors when onboarding sellers based anywhere.

Key Points: 
  • Industry-first solution integrates KYB with bank account verification, streamlining
    SAN FRANCISCO, May 16, 2023 /PRNewswire/ -- Persona today launched a know your seller (KYS) solution designed to help marketplace businesses comply with the INFORM Consumers Act,  bipartisan legislation passed to combat global marketplace fraud last estimated to exceed $500 billion annually1.
  • KYS was purpose-built for marketplaces on top of Persona's automated know your business (KYB) solution launched last June.
  • By automating extremely manual, complex, and error-prone processes, Persona not only helps marketplaces comply with the INFORM Consumer Act, but also enables them to enhance trust and deepen competitive differentiation."
  • An out-of-the-box configuration designed for the INFORM Consumers Act means marketplaces can meet compliance requirements in days, rather than months, with minimal engineering resources.

A prescription for complying with the Eyeglass Rule

Retrieved on: 
Tuesday, December 8, 2020

The FTC recently received reports that some offices had failed to provide a consumer with their eyeglass prescription at the end of an eye exam.

Key Points: 
  • The FTC recently received reports that some offices had failed to provide a consumer with their eyeglass prescription at the end of an eye exam.
  • FTC staff sent those offices letters reminding them of their obligations under the Eyeglass Rule.
  • Violations of either the Eyeglass Rule or Contact Lens Rule could result in financial penalties.
  • Also, the FTC has revised two publications The Contact Lens Rule: A Guide for Prescribers and Sellers and FAQs: Complying with the Contact Lens Rule to reflect recent revisions to that Rule.

Lens.com Urges Consumers to Stand Against Erosion of Fairness to Contact Lens Consumers Act

Retrieved on: 
Wednesday, November 18, 2020

LAS VEGAS, Nov. 17, 2020 /PRNewswire/ -- Contact lens consumers are urged to contact their U.S.

Key Points: 
  • LAS VEGAS, Nov. 17, 2020 /PRNewswire/ -- Contact lens consumers are urged to contact their U.S.
  • The optometry industry has sought to restore its grip on American consumers after patients won the right to shop around when buying contact lenses with the passage of the Fairness to Contact Lens Consumers Act in 2003.
  • This act required optometrists to provide, unprompted, a copy of the contact lens prescription to the patient at the end of the contact lens fitting.
  • Founded in 1995, Lens.com, Inc. is the nation's 2ndlargest online retailer for contact lenses ,offering consumers all the popular brands of contact lenses at wholesale prices with convenient quick delivery.

Lens.com: FTC Begins Enforcement of the Contact Lens Rule

Retrieved on: 
Wednesday, October 21, 2020

The Federal Trade Commission issued revisions to the Contact Lens Rule on June 23, 2020 and strengthened its enforcement to provide enhanced protection for patients.

Key Points: 
  • The Federal Trade Commission issued revisions to the Contact Lens Rule on June 23, 2020 and strengthened its enforcement to provide enhanced protection for patients.
  • Effective Friday, October 16, 2020, optometrists are required to provide, unprompted, a copy of the contact lens prescription to the patient at the end of the contact lens fitting.
  • Optometrists cannot require patients to buy contact lenses, pay additional fees, or sign a waiver or release in exchange for their contact lens prescription.
  • "Since the Contact Lens Rule was enacted in 2004, our customers have continued to report issues with getting their prescriptions from their optometrist.

Contact lens prescription renewals: Prescribers still need to release that Rx

Retrieved on: 
Monday, July 27, 2020

How do the Contact Lens Consumer Act and the Contact Lens Rule apply to that interaction?

Key Points: 
  • How do the Contact Lens Consumer Act and the Contact Lens Rule apply to that interaction?
  • A renewal or extension including one where you determine that no change in the existing prescription is required counts as a contact lens fitting under the Fairness to Contact Lens Consumers Act and the Contact Lens Rule.
  • Under the Act and the Rule, you cant require payment from a patient as a condition of providing or verifying their contact lens prescription.
  • Prescribers also cant require patients to buy contact lenses, or sign a waiver or release, as a condition of releasing or verifying a prescription.

Glancy Prongay & Murray LLP, a National Class Action Law Firm, Announces Investigation of Cheetah Mobile Inc. (CMCM) on Behalf of Investors

Retrieved on: 
Tuesday, June 23, 2020

Glancy Prongay & Murray LLP (GPM), a national investor rights law firm, today announced that it has commenced an investigation on behalf of Cheetah Mobile Inc. ("Cheetah Mobile" or "the Company") (NYSE: CMCM ) investors concerning the Company and its officers possible violations of the federal securities laws.

Key Points: 
  • Glancy Prongay & Murray LLP (GPM), a national investor rights law firm, today announced that it has commenced an investigation on behalf of Cheetah Mobile Inc. ("Cheetah Mobile" or "the Company") (NYSE: CMCM ) investors concerning the Company and its officers possible violations of the federal securities laws.
  • On this news, the Company's share price fell $0.61, or nearly 17%, to close at $2.99 per share on February 21, 2020, thereby injuring investors.
  • On June 10, 2020, Cheetah Mobile issued a press release to announce its first quarter 2020 financial results.
  • Glancy Prongay & Murray LLP is a premier law firm representing investors and consumers in securities litigation and other complex class action litigation.

FTC Announces Final Amendments to the Agency’s Contact Lens Rule

Retrieved on: 
Tuesday, June 23, 2020

FTC Announces Final Amendments to the Agency’s Contact Lens Rule

Key Points: 

FTC Announces Final Amendments to the Agency’s Contact Lens Rule

    Changes will help more patients comparison shop for contact lenses

    • As detailed in a final notice of rulemaking to be published shortly, after a contact lens fitting, prescribers will be required to do one of the following to confirm that a patient received their prescription:
      • request that the patient acknowledge receipt of the contact lens prescription by signing a separate confirmation statement;
      • request that the patient sign a prescriber-retained copy of the prescription that contains a statement confirming the patient has received it;
      • request that the patient sign a prescriber-retained copy of the sales receipt for the examination that contains a statement confirming the patient received the prescription; or
      • provide the patient with a digital copy of the prescription, and retain evidence that it was sent, received, or made accessible, downloadable, and printable.
    • The Final Rule includes several new requirements for sellers as well. To address concerns about sellers verifying prescriptions by leaving incomplete or incomprehensible automated telephone messages with prescribers, sellers who use automated telephone messages for verification must:
      • record the entire call and preserve the complete recording;
      • start the call by identifying it as a prescription verification request made in accordance with the Contact Lens Rule;
      • deliver the verification message in a slow and deliberate manner and at a volume that the prescriber can understand; and
      • make the message repeatable at the prescriber’s option.
      • Eye doctors are required by law to provide every patient with a copy of his or her contact lens prescription, allowing patients to comparison shop for lenses, said Bureau of Consumer Protection Director Andrew Smith.
      • This rule change will help to ensure that eye doctors fulfill their obligations, and will facilitate FTC enforcement of these important requirements.
      • It also incorporates changes made in response to public comments received following a supplemental notice of proposed rulemaking published in May 2019.
      • The method of presentation and related disclosure must be provided before requesting the prescribers contact information to verify the prescription.
      • These changes should reduce the incidence of sellers selling consumers lenses other than those that were prescribed.
      • The Contact Lens Rule In place since August 2004, the Rule imposes obligations on both eye-care prescribers and contact lens sellers.
      • The Rule also requires that contact lens vendors sell contact lenses only in accordance with a valid prescription the seller has received from either the patient or prescriber, or has verified via direct communication with the prescriber.

    FTC Announces Final Amendments to the Agency’s Contact Lens Rule

    Retrieved on: 
    Tuesday, June 23, 2020

    FTC Announces Final Amendments to the Agency’s Contact Lens Rule

    Key Points: 

    FTC Announces Final Amendments to the Agency’s Contact Lens Rule

      Changes will help more patients comparison shop for contact lenses

      • As detailed in a final notice of rulemaking to be published shortly, after a contact lens fitting, prescribers will be required to do one of the following to confirm that a patient received their prescription:
        • request that the patient acknowledge receipt of the contact lens prescription by signing a separate confirmation statement;
        • request that the patient sign a prescriber-retained copy of the prescription that contains a statement confirming the patient has received it;
        • request that the patient sign a prescriber-retained copy of the sales receipt for the examination that contains a statement confirming the patient received the prescription; or
        • provide the patient with a digital copy of the prescription, and retain evidence that it was sent, received, or made accessible, downloadable, and printable.
      • The Final Rule includes several new requirements for sellers as well. To address concerns about sellers verifying prescriptions by leaving incomplete or incomprehensible automated telephone messages with prescribers, sellers who use automated telephone messages for verification must:
        • record the entire call and preserve the complete recording;
        • start the call by identifying it as a prescription verification request made in accordance with the Contact Lens Rule;
        • deliver the verification message in a slow and deliberate manner and at a volume that the prescriber can understand; and
        • make the message repeatable at the prescriber’s option.
        • Eye doctors are required by law to provide every patient with a copy of his or her contact lens prescription, allowing patients to comparison shop for lenses, said Bureau of Consumer Protection Director Andrew Smith.
        • This rule change will help to ensure that eye doctors fulfill their obligations, and will facilitate FTC enforcement of these important requirements.
        • It also incorporates changes made in response to public comments received following a supplemental notice of proposed rulemaking published in May 2019.
        • The method of presentation and related disclosure must be provided before requesting the prescribers contact information to verify the prescription.
        • These changes should reduce the incidence of sellers selling consumers lenses other than those that were prescribed.
        • The Contact Lens Rule In place since August 2004, the Rule imposes obligations on both eye-care prescribers and contact lens sellers.
        • The Rule also requires that contact lens vendors sell contact lenses only in accordance with a valid prescription the seller has received from either the patient or prescriber, or has verified via direct communication with the prescriber.

      FTC updates the Contact Lens Rule: What it means for prescribers and sellers

      Retrieved on: 
      Tuesday, June 23, 2020

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        We asked you to review and comment on the Contact Lens Rule and you responded.

      • After extensive review and consideration of those public comments, as well as the information generated at the 2018 FTC workshop, The Contact Lens Rule and the Evolving Contact Lens Marketplace, the agency has updated the Rule.
      • For private label lenses, however, you can substitute identical contact lenses made by the same manufacturer and sold under a different name.
      • Learn more about your responsibilities by reading The Contact Lens Rule: A Guide for Prescribers and Sellers and FAQs: Complying with the Contact Lens Rule.