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The Federal Trade Commission today told a Senate Subcommittee that it supports proposed legislation that would require many companies to use reasonable data security policies and procedures and require those companies to notify consumers when there is a security breach.
In the wake of legislation passed by Congress last year, the Federal Trade Commission will rescind its regulations governing the format and display of health warnings on smokeless tobacco packages and advertising.
The Federal Trade Commission moved to further strengthen its longstanding enforcement program aimed at preventing deceptive mortgage advertising, proposing a rule that would ban misrepresentations for all mortgages and would allow the FTC and the states to seek civil penalties against those who violate the rule.
An online data broker that charged consumers $10 based on the promise that it could “lock their records”so others could not see or buy them, has agreed to settle Federal Trade Commission charges that its claims were deceptive and violated federal law.
Consumers Misled to Believe They Could Earn Substantial Income, FTC Alleges
An administrator working for the Federal Trade Commission is mailing checks to 14,023 consumers who were victims of ChoicePoint’s failure to implement a comprehensive information security program to protect consumers’ personal information.
A California-based mortgage lender and its owner have agreed to settle FTC charges that they illegally charged Hispanic consumers higher prices for mortgage loans than non-Hispanic white consumers – price disparities that could not be explained by the applicants’ credit characteristics or underwriting risk.
New Network Will Enhance Enforcement, Help to Protect Consumers’ Privacy
In the wake of legislation passed by Congress last year, the Federal Trade Commission will rescind its regulations governing the format and display of health warnings on smokeless tobacco packages and advertising.