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8 unusual facts about Federal Trade Commission


Advertising Checking Bureau

Around 1951, the Federal Trade Commission (FTC) investigated the corset and brassiere industry due to widespread abuses and illegalities in this industry.

American Society of Human Genetics

On January 2, 2008, the American Society of Human Genetics released a statement on direct-to-consumer sales of genetic tests, calling for improved standards and for oversight by the Federal Trade Commission to insure the accuracy and validity of genetic testing and sales claims.

Armour Refrigerator Line

In 1919 the Federal Trade Commission ordered the company's sale for anti-trust reasons.

Federal Trade Commission

The first version of a bill to establish a commission to regulate trade was introduced on January 25, 1912, by Oklahoma congressman Dick Thompson Morgan, once known as the "father of the Federal Trade Commission."

Interactive Entertainment Merchants Association

The Federal Trade Commission (FTC) as well as special interest groups including the National Institute on Media and the Family (NIMF) have performed sting operations on IEMA member company stores and found that retailers continue to sell M-rated games to children.

Office of Consumer Affairs

Federal Trade Commission Bureau of Consumer Protection (part of the US Commerce department)

Pomegranate juice

As of September 2010, the company and its principals were the subject of a deceptive advertising complaint by the Federal Trade Commission (FTC).

Samuel Huston Thompson

He later served as assistant U.S. attorney general under President Woodrow Wilson from 1913 to 1918 and on the Federal Trade Commission from 1919 to 1927.


Adobe FreeHand

The Department of Justice regulated the transaction that came 10 years after the Federal Trade Commission’s 1994 ruling which barred Adobe from acquiring FreeHand.

Brooks Pharmacy

All Brooks and Eckerd locations were either rebranded as Rite Aid (in some locations with a Rite Aid within a mile of the old store, usually another pharmacy company, such as CVS/pharmacy or Walgreens buys that location), sold to comply with FTC antitrust regulations, or were closed.

George Mason Law Review

Past speakers have included J. Thomas Rosch, Commissioner, Federal Trade Commission, Thomas O. Barnett, Assistant Attorney General, Antitrust Division, U.S. Department of Justice, Neelie Kroes, European Commissioner for Competition, and others.

Hefty

Hefty was one of the brands (along with Kordite and Baggies) named in a complaint brought against Mobil by the United States Federal Trade Commission in 1992, regarding claims made by the company in advertisements and packaging, which allegedly led consumers to believe that the bags were more biodegradable than other brands of bag, despite a lack of evidence to support this claim nor presentation of a specific definition for the term.

Hooked on Phonics

In 1994 the company was featured on the program "Dateline NBC" with an official from the FTC attacking the company for "deceptive advertising." While the FTC reversed its actions later, the resulting media frenzy caused the company's sales to plummet and for the company to file for bankruptcy protection.

Institute for Consumer Antitrust Studies

Past keynote speakers include Federal Trade Commissioners Julie Brill, Edith Ramirez, and William Kovacic.

Interchange fee

Reps. John Conyers (D-MI) and Chris Cannon (R-UT) introduced the "Credit Card Fair Fee Act" on March 6, 2008, which would create a panel of judges, appointed by the Department of Justice Antitrust Division and Federal Trade Commission to oversee interchange fees.

Inventionland

In 2006, Davison were ordered to pay $26 million in consumer redress for misrepresenting its services to inventors, in what was described by the Federal Trade Commission as a typical Invention Promotion scam.

Mark J. Green

He also led an effort against tobacco advertising aimed at children, enacting a law banning cigarette vending machines and released a series of exposés and legal actions against tobacco advertising targeted at children—concluding that R. J. Reynolds Tobacco Company was engaged in "commercial child abuse"—which culminated in a 1997 Federal Trade Commission decision that ended the Joe Camel ads.

National Do Not Call Registry

On June 27, 2003, the U.S. Federal Trade Commission (FTC) opened the National Do Not Call Registry in order to comply with the Do-Not-Call Implementation Act of 2003 (Public Law No. 108-10, was H.R. 395 of the 108th Congress, and codified at 15 U.S.C. § 6101 et. seq.), sponsored by Representatives Billy Tauzin and John Dingell and signed into law by President George W. Bush on March 11, 2003.

Red Food

On April, 1989, Red Food Store's purchase of seven supermarkets in its hometown owned by Kroger Co. was halted at virtually the 11th hour by the Federal Trade Commission, which decided the merger would substantially hamper competition in the market.

Silver State Helicopters

On 23 May 2008 US Senator Bill Nelson (D-Fla) called for a Federal Trade Commission investigation of Silver State, indicating that he believes that it was a Ponzi scheme.

Swift raids

On December 13, 2006, Michael Chertoff (Secretary of Homeland Security), Julie L. Myers (Director of ICE), and Deborah Platt Majoras (Chair of the Federal Trade Commission) claimed responsibility for the raid and emphasized the importance of the identity theft charges.

Tenant screening

Valid government issued photo identification is typically required to confirm the identity of applicants and in compliance with the Federal Trade Commission's (FTC's) identity theft Red Flags Rule.

Yesmail

In November, 2006, Yesmail agreed to pay a $50,717 civil penalty to settle Federal Trade Commission charges that it violated the CAN-SPAM Act of 2003 by sending unsolicited commercial e-mails after consumers asked it to stop doing so.


see also

K. Fred Skousen

Skousen has been a consultant to the Financial Executive Research Foundation, the Comptroller General of the United States, the Federal Trade Commission and several large companies.

Omnicare

In 2012, the Federal Trade Commission (FTC) sued Omnicare to block its hostile takeover of its rival PharMerica under federal anti-trust law.

Paul Dixon

Paul Rand Dixon, Chairman and Commissioner of the United States Federal Trade Commission

Rambus

On August 2, 2006, the Federal Trade Commission overturned McGuire's ruling, stating that Rambus illegally monopolized the memory industry under section 2 of the Sherman Antitrust Act, and also practiced deception that violated section 5 of the Federal Trade Commission Act.

Samuel Untermyer

He took an active part in preparing the Federal Reserve Bank law, the Clayton bill, the Federal Trade Commission bill, and other legislation curbing trusts.