Search Results for keywords:"FTC Act"

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Search Results: keywords:"FTC Act"

  • Type:Notice
    Citation:89 FR 96980
    Reading Time:about 28 minutes

    The Federal Trade Commission (FTC) has accepted a proposed consent agreement to address anticompetitive practices by Guardian Service Industries, Inc. The company was found to have used "No-Hire Agreements" that prevented other businesses from hiring its employees, which the FTC claims are unfair methods of competition under federal law. The proposed consent order will make these agreements void and includes measures to inform affected parties. Some FTC commissioners have expressed dissent, arguing that there was insufficient evidence of antitrust violations. The public can submit comments on this proposed agreement until January 6, 2025.

    Simple Explanation

    The big people at the Federal Trade Commission (FTC) are making Guardian Service Industries stop using rules that say, "You can't take our workers," because that's not fair. Some people at the FTC don't agree, and they want to hear what other people think about this idea by January 6, 2025.

  • Type:Rule
    Citation:90 FR 5580
    Reading Time:about 9 minutes

    The Federal Trade Commission (FTC) is updating its civil penalties to adjust for inflation, as required by law. These changes increase the maximum fines for violations of various acts, such as the Clayton Act and the FTC Act, and will take effect on January 17, 2025. The adjustments follow a cost-of-living formula and apply to fines assessed after the effective date. These updates fulfill an annual requirement under the Federal Civil Penalties Inflation Adjustment Act of 2015.

    Simple Explanation

    The Federal Trade Commission is making sure that the fines people pay when they break certain rules are kept up-to-date with money value changes over time. This means the fines might be higher to keep up with how money's value changes every year.