federal trade commission
Prevagen is a dietary supplement that claims to help improve memory in 90 days, but both federal and state regulators are accusing the company behind Prevagen of making false and unsubstantiated claims. [More]
Staying in a hotel comes at a price — there’s the room rate, service charges, taxes, and hotels are increasingly taking on “resort fees” to cover amenities like internet access, parking, gym, spa, and pool — even if you never use them. These fees, which can significantly increase the total cost of a room, are almost never included in the advertised price and are often minimized or omitted until it comes time to actually book your stay.
Internet-connected (“smart”) devices are becoming ubiquitous, but they have this persistent problem: they’re internet-connected. A huge number are extremely vulnerable to being taken over by bad actors, for a whole host of reasons. And so, before your fridge becomes part of the next record-breaking botnet, the Federal Trade Commission wants to give someone cold, hard, cash money for coming up with a way to prevent it. [More]
Earlier this year, Bass Pro Shops offered to buy up one of its biggest competitors, Cabela’s, for $5.5 billion. The Federal Trade Commission is reviewing the deal now, and is raising concerns that this might be too much consolidation in the hunting and fishing market. [More]
If the Federal Trade Commission is investigating you or your business, they will not send you an email asking you to click on a link for more information. How do we know that? The Federal Trade Commission says so. [More]
When buying into a timeshare, many owners receive more weeks at the property than they could possibly use in their lives. This has created a second industry that focuses on reselling or renting out the properties. But, as the Federal Trade Commission showed this week, not all of these businesses are legitimate, some are just out to line their own pockets. [More]
A year ago, a court agreed to put a temporary halt to an alleged pyramid scheme that made its money by convincing college students they could make big bucks shilling energy drinks — but only paying up for recruiting more sales friends instead. Today, the FTC has announced a settlement with the Vemma Nutrition Company that puts a halt to those practices for good. [More]
At the beginning of the year, the Federal Trade Commission sued popular for-profit college DeVry University, claiming the school’s advertising misled would-be students about how likely a DeVry degree is to get them a job. And now to ring out the year, the school and the Commission have reached a $100 million settlement that sends all that money right back into students’ pockets. [More]
The tiny sensors in our smartphones can do amazing things, but what they cannot do is substitute for a blood pressure cuff. That’s unfortunate, because having your blood pressure measured can be painful and unpleasant. However, one app-maker ran afoul of federal regulators by claiming that your smartphone camera could be used to accurately check your vitals. [More]
If you’re like everyone else you know, you’ve probably been doing — or plan to do — a bit of online holiday shopping this year. Missing a delivery could put a serious kink in your day, but don’t let that fear draw you into a scammer’s net. [More]
Following a whistleblower report that some Office Depot staffers are allegedly falsely telling customers their computers are infected with viruses in order to sell them on unnecessary repair services, one lawmaker is calling on federal regulators to investigate. [More]
As wonderful as it might sound, odds are that no one is trying to call you to give you free money, and anyone who dangles a get-rich-quick scheme in front of you should be quickly ignored. Yet federal regulators say telemarketers tricked seniors and veterans out of their money with these sorts of scams.
A massive denial of service attack last week has already resulted in the recall of a number of webcams that may have been used to aid hackers in taking popular sites like Twitter, Github, Reddit, and others offline throughout the day. Now, lawmakers are asking federal agencies what else can be done to prevent future attacks. [More]
Many for-profit college chains recruited students through ads touting exceedingly high job-placement rates, but as we’ve seen from the recent collapses of chains like Corinthian Colleges Inc. and ITT Tech, those placement statistics can be artificially inflated. This week, for-profit educator DeVry Education Group agreed to be more honest and transparent about the job-placement claims in its ads and recruitment materials. [More]