Search Results for agency_names:"Federal Trade Commission"

The Federal Trade Commission (FTC) is asking the Office of Management and Budget (OMB) to extend the current paperwork requirements for the Red Flags, Card Issuers, and Address Discrepancy Rules for another three years. These rules help prevent identity theft by requiring financial institutions and certain companies to have identity theft prevention programs and assess address changes. The current approval for these rules expires on January 31, 2025. Public comments are being accepted until February 6, 2025, and the FTC has received comments supporting more data protection.

The Federal Trade Commission (FTC) has proposed a consent agreement with Amazon regarding allegations of misappropriated driver tips through its Amazon Flex program. Between late 2016 and August 2019, Amazon allegedly withheld nearly a third of tips that customers intended for drivers, amounting to approximately $61 million, despite claiming to pass 100% of tips to drivers. The agreement requires Amazon to pay back the full amount withheld and prohibits the company from changing its tipping practices without driver consent. The proposal is open for public comments until March 12, 2021, before final approval by the FTC.

EnCap Investments L.P., Verdun Oil Company II LLC, XCL Resources Holdings, LLC, and EP Energy LLC have petitioned the Federal Trade Commission (FTC) to change and remove certain prior approval requirements in a decision made on September 13, 2022. The companies argue that these requirements are unnecessary since they no longer operate in the affected area and claim the regulations negatively impact competition and investment. They also highlight significant changes in the competitive landscape of the Uinta Basin, such as increased production and changes in market participants. The FTC is seeking public comments on this petition until April 30, 2025.

The Federal Trade Commission (FTC) is asking the Office of Management and Budget (OMB) to extend the approval for collecting information related to a rule on home insulation labeling and advertising. This rule, known as the R-value Rule, helps ensure that consumers get accurate information about how well insulation products perform, so they can decide if the cost is worth it. Comments on this request must be submitted by February 11, 2021.

Chevron Corporation and Hess Corporation have requested the Federal Trade Commission (FTC) to review and nullify a previous order from January 17, 2025. This order stopped Chevron's efforts to appoint Hess CEO John B. Hess to Chevron's board following their merger, which was seen as potentially harming competition by increasing industry coordination. Chevron and Hess argue that the order lacks a valid antitrust basis, claiming that Mr. Hess's role would not significantly affect competition or oil prices, and that removing the order would be in the public interest to enhance U.S. energy production. The FTC is inviting the public to comment on this petition until May 12, 2025.

The Federal Trade Commission (FTC) has received a petition from the Central Office of Reform and Efficiency, which seeks to clarify vague terms in the negative option plan regulations for better enforcement. The petition is accessible online, and the FTC is inviting public comments on it until February 20, 2025. Interested individuals can submit their comments through the Federal eRulemaking Portal, ensuring no sensitive information is included. The FTC will consider these comments before deciding whether to proceed with rulemaking based on the petition.

The Federal Trade Commission has adopted changes to the Telemarketing Sales Rule to address deceptive technical support scams. These amendments extend the Rule to cover inbound telemarketing calls responding to advertisements or direct mail solicitations offering tech support services. The changes aim to protect consumers, especially older adults, from tech support scams frequently exploiting them. The amendments will become effective on January 9, 2025, and are designed to strengthen consumer protections and allow the FTC to take more robust enforcement actions against deceptive practices in tech support telemarketing.

The Federal Trade Commission published a notice to correct a previous announcement about a petition from Enbridge Inc. regarding natural gas pipelines. The original document had an incorrect deadline for public comments, stating March 3, 2025, which has now been corrected to February 21, 2025. This correction ensures that comments are submitted by the actual deadline. The correction details are noted in the Federal Register with references to ensure clarity for those interested in submitting their comments.

The Federal Trade Commission (FTC) has updated the financial thresholds that determine when a person is prohibited from being a director or officer of two competing companies, which is governed by Section 8 of the Clayton Act. As of January 21, 2021, competing companies are covered by these rules if each has combined capital, surplus, and undivided profits over $10,000,000, unless the competitive sales of either company are less than $1,000,000. The new threshold amounts are $37,382,000 for one type of evaluation and $3,738,200 for another. These changes reflect adjustments that happen every year based on the gross national product.

The Federal Trade Commission has proposed a consent agreement with Chemence, Inc. to address allegations of deceptive practices related to their claims about products being "Made in USA." The FTC found that Chemence falsely advertised their glue products as primarily made in the United States, while much of the materials were sourced from abroad. The proposed order includes a $1.2 million judgment and guidelines for future advertising and compliance measures, including preventing Chemence from making false claims about product origins unless they accurately reflect manufacturing and material sources. This action is part of a shift towards stricter enforcement of "Made in USA" claims, aiming to protect consumers and honest competitors.