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Showing posts with the label FTC | Agreements.

FTC | Agreements -June 10, 2014: Pennsylvania Home Builder Settles FTC Charges of Deceptive Mortgage Advertising.

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Pennsylvania Home Builder Settles FTC Charges of Deceptive Mortgage Advertising A Pennsylvania-based home builder that offers home financing has  settled Federal Trade Commission charges that it deceived consumers by advertising low-cost mortgages  while hiding fees and not disclosing vital information about the true cost of the mortgages. “These defendants tricked consumers into believing they’d found an affordable mortgage with very favorable terms,” said Jessica Rich, Director of the FTC’s Bureau of Consumer Protection. “The FTC is committed to holding mortgage advertisers accountable.” Using the catch phrase "Zip, Zero, Nada,"  Heritage Homes Group claimed  in ads on websites, and in newspapers, flyers, and direct mail, that consumers could finance their homes without a down payment or closing costs. In fact, they were required to pay a “good faith deposit,” settlement costs, and an annual fee, according to the complaint. Heritage Homes newspaper advertisement

FTC | Agreements March 12, 2014: FTC Reaches Settlement With Home Security Company that Called Millions of Consumers on the National Do Not Call Registry

FTC Reaches Settlement With Home Security Company that Called Millions of Consumers on the National Do Not Call Registry The Federal Trade Commission, with the assistance of the U.S. Department of Justice, has settled a complaint against a Massachusetts-based home security company that illegally called millions of consumers on the FTC’s National Do Not Call (DNC) Registry to pitch home security systems. According to the FTC, Versatile Marketing Solutions (VMS), under the guidance of its owner, Jasjit Gotra, called millions of consumers whose names and phone numbers VMS bought from lead generators. The lead generators claimed that those consumers had given VMS permission to contact them about the installation of a free home security system, but in reality, they had not. In its  complaint, the FTC alleges that the defendants’ tactics violated the Commission’s Telemarketing Sales Rule . The sales leads were obtained by illegal means through rampant use of robocalls from “Tom with Ho

FTC | Agreements February 21, 2014: FTC Order Requires Firm to Have Distributors Take Down Ads With Unsupported Claims

Company’s Green Claims for Plastic Lumber Misleading FTC Order Requires Firm to Have Distributors Take Down Ads With Unsupported Claims A Wisconsin-based manufacturer of plastic lumber products has agreed to stop making allegedly unsubstantiated claims about the recycled content and recyclability of two of its brands of plastic lumber. Under the FTC settlement, the company, N.E.W. Plastics Corp., must have credible evidence to support any recycling-related claims it makes, and is required to tell its distributors to remove any marketing material for the two products provided by the company before December 2013. “Consumers deserve to know the truth about the products they are buying,” said Jessica Rich, Director of the Federal Trade Commission’s Bureau of Consumer Protection. “Many of them want to buy products that are environmentally friendly, but they can’t do that if they get information that’s wrong or unsupported.” N.E.W. Plastics Corp., which also does business as Renew

FTC | Agreements January 21, 2014: FTC Settles with Twelve Companies Falsely Claiming to Comply with International Safe Harbor Privacy Framework

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FTC Settles with Twelve Companies Falsely Claiming to Comply with International Safe Harbor Privacy Framework Twelve U.S. businesses have agreed to settle Federal Trade Commission charges that they falsely claimed they were abiding by an international privacy framework known as the U.S.-EU Safe Harbor that enables U.S. companies to transfer consumer data from the European Union to the United States in compliance with EU law. The companies settling with the FTC represent a cross-section of industries, including retail, professional sports, laboratory science, data broker, debt collection, and information security. The companies handle a variety of consumer information, including in some instances sensitive data about health and employment. The twelve companies are: Apperian, Inc. : Company specializing in mobile applications for business enterprises and security; Atlanta Falcons Football Club, LLC : National Football League team; Baker Tilly Virchow Krause, LLP : Accounting f