Latest Federal Trade Commission News

Alaska official says BP sale of Alaska assets to advance

Nov. 14, 2019 3:00 PM EST

ANCHORAGE, Alaska (AP) — An Alaska state official says the Federal Trade Commission will let BP’s planned sale of its Alaska oil assets to Hilcorp Alaska advance. The Anchorage Daily News reports the FTC had no antitrust concerns with the $5.6 billion deal. The information was disclosed in a Tuesday...

FTC says people lured by real-estate secrets left in ruin

Nov. 6, 2019 3:38 PM EST

SALT LAKE CITY (AP) — The Federal Trade Commission has sued a company accused of using house-flipping TV celebrities to lure people into spending thousands on expensive training workshops that purported to share lucrative secrets but instead left many in financial ruin. The agency and the Utah Division of...

AT&T fined $60M for misleading with 'unlimited' plans

Nov. 5, 2019 2:46 PM EST

AT&T will pay $60 million to settle the government's allegation that it misled customers of unlimited-data plans by slowing down service for heavy users. The Federal Trade Commission said Tuesday that AT&T will automatically provide partial refunds to customers who signed up for unlimited wireless plans...

FTC sues to block promoters of bogus diabetes 'cure'

Oct. 24, 2019 5:13 PM EDT

COLLEGE PARK, Md. (AP) — Federal regulators are suing to block pamphlet and newsletter publishers from marketing a purported cure for diabetes and advertising claims that consumers can collect $1 trillion in "Congressional Checks" or "Republican Checks." In a lawsuit filed Thursday in Maryland, the Federal...

Correction: FTC-HGTV Real Estate Classes story

Oct. 7, 2019 3:32 PM EDT

NEW YORK (AP) — In a story Oct. 4 about a real estate seminar business, The Associated Press mischaracterized a federal court order against Zurixx LLC. The court put temporary restrictions on the company; it did not halt operations. The court also ordered Zurixx's assets to be preserved, not frozen. A...