federal trade commission news and archive

Trump purges Democrats from US Federal Trade Commission

The only two Democrats on the US Federal Trade Commission have been fired by President Donald Trump, the White House said, opening the door for the Republican to appoint loyalists at the independent regulatory agency. The FTC's primary function is to protect the US public against deceptive or unfair business practices. Speaking on condition of...

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Report

Kohl's settles with FTC following heafty fine

Kohl's Corp. (KSS) has agreed to pay 220,000 dollars to settle the U.S. Federal Trade Commission claims that the department store chain failed to give identity theft victims their complete transaction records. In a complaint filed by the Department of Justice on behalf of the FTC, the Commission alleged that Kohl refused to provide information...

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Fashion

Lord & Taylor cited for not disclosing paid social media ads

Designer clothing retailer Lord & Taylor recently received citations by the Federal Trade Commission (FTC). The company was cited for not disclosing payments to fashion bloggers on social media pages. As social media and digital influencers have become more integrated into the fashion industry, its understandable that fashion brands would...

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Fashion

FTC fines JcPenney and Nordstrom for mislabeling products

Two major retailers face large-time fines for the mislabeling of their products. Both department chains Nordstrom and JCPenney face thousands of dollars in fines due to the Federal Trade Commission’s standards. Nordstrom’s mislabeled products were due to products that were said to be made of bamboo materials. Through the retailer’s online site,...