It’s been nearly two years since Walgreens first agreed to buy competitor Rite Aid and its 4,600 or so stores for $9.4 billion to form the nation’s largest drugstore chain, only to see the value of that deal shrink amid antitrust concerns. Today, Walgreens announced that it’s scrapping that original plan to combine forces with Rite Aid but still plans to purchase about half of the smaller company’s retail locations. [More]
ftc
Report: Instagram Influencers Continue To Ignore Warnings About Stealth Ads
By 6.26.17
Earlier this year, the Federal Trade Commission issued dozens of friendly reminders to brands that they were potentially breaking advertising/endorsement rules by compensating Instagram “influencers” without being transparent about this sponsorship. According to a new report, this message apparently didn’t influence the influencers, many of whom continue to stealth-advertise to their followers. [More]
Debt Collector Accused Of Taking Money From People Who Didn’t Owe Anything
By 6.23.17
As part of its ongoing efforts to crack down on unscrupulous debt collectors, the Federal Trade Commission has accused a North Carolina company of running a “phantom” debt collection scheme that went after people for money that they did not actually owe. [More]
The Acting Chairman Of The FTC Does Not Want Your Bank Info
By 6.20.17
While you may be flattered to receive an email that’s purportedly from Maureen Ohlhausen, the acting chairman of the Federal Trade Commission, we’ve got to break it to you: She isn’t going to email you, and even if she did, she would definitely not ask you for your bank account information. [More]
Report: Feds May Try To Stop Merger Of DraftKings, FanDuel
By 6.15.17
DraftKings and FanDuel — the two biggest names in daily fantasy sports — are currently waiting on federal regulators to approve a merger that would combine the two companies into one operation. However, a new report claims that the Federal Trade Commission may try to block this blessed union. [More]
Report: Feds Investigating Uber Over Privacy Violations
By 6.14.17
Uber’s awful week month year may have just gotten a bit worse, as sources report the ride-hailing company is now in the crosshairs of federal regulators. [More]
How To Get Your Refund From Amazon For Your Kids’ Unauthorized In-App Purchases
By 5.30.17
If you’ve been waiting patiently for a refund from Amazon for in-app purchases your kids made without your permission, your time has come. [More]
Feds Shut Down Alleged Scam Promising Student Loan Relief & Forgiveness
By 5.25.17
A federal court has shut down a Florida-based operation that charged customers $1,200 up front and $50/month with allegedly false promises of getting their student loan payments reduced or forgiven, sometimes in the impossible timeframe of only three years. [More]
Feds Launch Major Smackdown On ‘Tech Support’ Scams
By 5.12.17
If the world of scams was a wrestling ring, the Federal Trade Commission would be launching itself from the corner to deliver a world of hurt on tech support scammers who claim consumers’ computers are full of malware and other nasty stuff that can only be vanquished by paying them hundreds of dollars. [More]
Appeals Court Resurrects Federal Government’s Lawsuit Over AT&T’s Old “Unlimited” Plans
By 5.10.17
The years-long dispute between the Federal Trade Commission and AT&T over the wireless company’s old “unlimited” data plans is still not dead. A federal appeals court has zapped new life into the lawsuit, meaning there’s still hope that AT&T users who saw their data throttled despite having unlimited data plans may someday get justice. [More]
Woman Accused Of Faking Cancer To Collect $38K From Fundraising Campaign
By 5.5.17 — Updated: 5.10.17
With fundraising campaigns popping up all over online and in social media, it’s not always easy to tell the real causes from the fake. Officials in Alabama say one woman faked cancer and scammed charitable givers out of $38,000. [More]
FTC: No Evidence That Herbal Products Alleviate Opiate Withdrawal
By 5.4.17 — Updated: 5.10.17
Given the pain, nausea, intestinal distress, craving, and other unpleasantness involved in opiate withdrawal, it’s understandable that people might be tempted to put their faith in an herbal supplement that promises to alleviate these problems. However, the Federal Trade Commission says the marketers of one such product had no science to back up their claims. [More]
NutriMost ‘Ultimate Fat Loss’ System Slammed With $32 Million Judgment For Overblown Weight Loss Claims
By 4.21.17 — Updated: 5.9.17
The marketing for the NutriMost Ultimate Fat Loss system claimed that users could drop 40 pounds, or more, in just 40 days, and without having to fret about calories. However, the Federal Trade Commission says that this $1,900 program is not backed by any science, actually requires a starvation-level diet, uses before-and-after examples from people related to the company, and forces customers to sign agreements that prevent them from saying anything bad about the program. [More]
Feds Warn Social Media ‘Influencers’ To Stop It Already With The Stealth Ads
By 4.19.17 — Updated: 5.9.17
Like it or not, the fact is that we’ve crossed through the mirror into a world where people are paid lots of money to mention a product, wear an article of clothing, or sip some ab-tightening tea… not because they are famous but because they get paid lots of money to mention products they got for free, wear comped clothing, and drink dubious tea — a well-dressed, flat-tummied, ouroboros shown off in impeccably framed and filtered Instagram shots. You might find it repellant, but it’s legal, so long as all of that cash and compensation is adequately disclosed — a message that a number of “influencers” and their handlers have either ignored or not received. [More]
Now The Federal Government Is Warning Against Scammy Nintendo Switch Emulators
By 4.18.17 — Updated: 5.9.17
Almost immediately after Nintendo released its new Switch gaming console, videos and banner ads touted emulators that could let you play Switch games on your PC, meaning you don’t have to pay the $300 retail price. Problem is: There currently aren’t any freely available, legitimate emulators. This hasn’t stopped hopeful Switch fans from downloading these apps anyway. After multiple warnings from journalists and tech security companies went unheeded, the Federal Trade Commission is officially advising gamers to not fall for this con. [More]
FTC Shuts Down Tech Support Scammers Pretending To Work For FTC
By 4.11.17 — Updated: 5.10.17
Con artists love pretending to be from the federal government; it can lend an immediate air of far-reaching authority to whatever scam they are pulling. Similarly, play-acting as a tech support expert can take advantage of everyday folks’ lack of knowledge about the inner workings of their electronics. One Florida man allegedly tried to combine these two beloved character types into one Reese’s Peanut Butter Cup of fraud, only to be shut down by the very agency he impersonated. [More]
The Internet Privacy Rule Is Dead, But Could Anyone Bring It Back?
By 4.10.17 — Updated: 5.10.17
The laws, rules, and regulations governing our world aren’t etched into mountains; they can be changed. That’s how we got new rules intended to protect our private information from being used and abused by internet service providers, and how we lost those very same rules just a few short months later. Could the pendulum swing back and restore these privacy guidelines? Not likely. [More]
