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Federal Trade Commission

7:50 a.m. April 27, 2021 - By Victor Reklaitis
All of President Biden’s key executive orders — in one chart Memorandums, proclamations, other executive actions also deployed Memorandums, proclamations, other executive actions also deployed As people and markets around the world adjust to having Joe Biden as U.S. president, a key factor is what the veteran Democratic politician aims to accomplish without having to work with Congress.
6:51 a.m. Dec. 27, 2020 - By Quentin Fottrell
My aunt stole my mother’s Social Security, and persuaded my elderly father to sign over power of attorney ‘My father was recently very sick and in the hospital, and he was not in his right mind’‘My father was recently very sick and in the hospital, and he was not in his right mind.’
5:06 a.m. Oct. 12, 2020 - By Chris Matthews
A Barrett court would continue Trump’s deregulatory agenda long after he’s left the White House, experts say Amy Coney Barrett is likely to be a pro-business justice, if confirmedJudge Amy Coney Barrett’s nomination to the Supreme Court has brought the public’s attention to divisive social issues like abortion rights, but replacing the late Justice Ginsburg with a more conservative voice could have an equally important effect on business regulation and the economy.
2:11 p.m. Oct. 6, 2020 - By Ciara Linnane
Coronavirus update: U.S. death toll tops 210,000 as doctors say Trump’s comments on COVID-19 are sending the wrong message Experts were hoping Trump’s brush with COVID-19 would lead to greater focus on public health measures, including face masksThe U.S. death toll from the coronavirus pandemic climbed above 210,000 on Tuesday, as doctors and health experts lamented President Donald Trump’s latest comments on COVID-19, with many fearing they are sending the wrong message to the American public.
11:02 a.m. Aug. 4, 2020 - By Bev O’Shea
You get a call that you’ve been exposed to coronavirus. How to make sure a contract tracer isn’t a scammer Here’s what to look for, and what a legitimate contract tracer will never ask youScammers are masquerading as contact tracers, and it’s smart to verify calls or texts before giving out any information
4:51 a.m. June 26, 2020 - By Greg Robb
Fed caps bank dividend payments and suspends share-buybacks for third quarter after stress tests The central bank will proceed on a quarter-by-quarter basis given uncertainty over economic outlookThe Federal Reserve on Thursday voted to cap bank dividend payments to an income formulation and forbid share-buybacks as a study showed firms would take a big hit under some downside scenarios related to the coronavirus pandemic.
4:11 a.m. June 20, 2020 - By Quentin Fottrell
My husband died from COVID-19. Will the IRS allow me to use his $1,200 stimulus check for funeral and medical expenses? ‘I am sure there are other senior citizens who have the same issues as me’‘I am sure there are other senior citizens who have the same issues as me.’
8:27 a.m. June 4, 2020 - By Ciara Linnane
FTC sends warning letters to 35 more companies over unsubstantiated claims relating to COVID-19The Federal Trade Commission said Thursday it has sent warning letters to 35 more companies telling them to stop making unsubstantiated claims that their products can treat or prevent COVID-19. It's the to be sent since the start of the outbreak and brings the total of those targeted to more than 160 companies and individuals. The latest crop are mostly aimed at treatments offered in clinics or medical offices and include such things as intravenous (IV) Vitamin C and D infusions, supposed stem cell therapy, and vitamin injections that may at first glance appear to be based in medicine or proven effective. "However, currently there is no scientific evidence that these, or any, products or services can treat or cure COVID-19," the agency said in a statement. The letters warn that failure to cease making claims could lead to a federal court injunction and order requiring customer refunds. The and the Food and Drug Administration have also been cracking down on claims made during the pandemic.
10:00 a.m. May 22, 2020 - By Alessandra Malito
News and analysis for those planning for or living in retirement Retirement news and analysisRetirement news and analysis
10:51 a.m. May 21, 2020 - By Ciara Linnane
Coronavirus update: Global case tally passes 5 million; U.S. scientist says don’t rely on a vaccine, job losses continue Macy’s issues a sales warning for the first quarter, but Best Buy profit and sale fall less than expected and BJ’s beats estimatesThe global case tally for the coronavirus that causes COVID-19 passed 5 million on Thursday after the biggest one-day increase since the start of the outbreak, as a top U.S. scientist cautioned that people should not rely on a vaccine and the labor market continued to show massive job losses.
9:27 a.m. May 21, 2020 - By Ciara Linnane
FTC warns another 50 companies over unsubstantiated claims for treatments for COVID-19The Federal Trade Commission said Thursday it has sent letters to another 50 companies warning them to stop making unsubstantiated claims that their products can treat or prevent COVID-19, the illness caused by the novel coronavirus. It's the regulator's fifth such letter as it works to protect consumers from health-related scams, the FTC said in a statement. Thursday's batch include "treatments" such as Chinese herbal medications, music therapy, ozone therapy, and shields claimed to boost the immune system by protecting the wearer from electromagnetic fields. "However, currently there is no scientific evidence that these, or any, products or services can treat or cure COVID-19," said the statement. The companies that the FTC is targeting are small and privately held and are located across the U.S. The companies are being warned to stop making all claims and to notify the FTC within 48 hours about specific action taken. Failure to act could lead to a federal court injunction and an order requiring that customers be repaid. The FTC has already bought one such case against Marc Ching, doing business as Whole Leaf Organics, it said. The U.S. Food and Drug Administration and the have also taken action against companies over claims made by them or by third parties regarding testing, equipment and treatments for COVID-19.
7:27 a.m. May 21, 2020 - By Alessandra Malito
Can a nursing home take my stimulus money? Some facilities are trying to take Medicaid beneficiaries’ economic income payments, the Federal Trade Commission warns Some facilities are trying to take Medicaid beneficiaries’ economic income payments, the Federal Trade Commission warns.
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