FTC

Foreign Lottery Scams Target Older Americans

Posted on 04/15/2013 by | AARP Blog Author | Comments

Money & SavingsThe following is a guest post by Beau Ballinger, sr. program specialist for AARP ElderWatch in Colorado Recently I learned the story of an Idaho man who was visiting his 81-year-old widowed mother when he noticed large amounts of cash being withdrawn from her bank account, totaling $26,000. His mother admitted that she had been sending money to Jamaica. She’d been told she had won a $2 million lottery, and all she had to do to collect the prize was …

Supreme Court Weighs Drugmakers’ ‘Pay for Delay’ Deals

Posted on 03/25/2013 by | General News | Comments

Bulletin Today | Personal HealthBy Jesse J. Holland and Linda A. Johnson of The Associated Press WASHINGTON (AP) — The Supreme Court struggled Monday with whether it should allow federal officials to challenge deals between pharmaceutical corporations and their generic drug competitors that the government says could keep cheaper forms of medicine off the American market for longer periods of time. Justices heard arguments from the Justice Department against what they call “pay-for-delay” deals or “reverse settlements.” Such deals arise when generic companies file …

High Court Rules Against Georgia Hospital Merger

Posted on 02/19/2013 by | General News | Comments

Bulletin TodayBy Mark Sherman of The Associated Press WASHINGTON (AP) — The Supreme Court has dealt a setback to a deal between two private companies that left one as the owner of the only two hospitals in a southwestern Georgia city. The justices ruled unanimously Tuesday that lower courts improperly dismissed complaints that the merger, aided by a public hospital authority, created a monopoly in hospital services in Albany, Ga. The Federal Trade Commission tried to block the deal by arguing …

FTC Halts Rent-to-Own Computer Spying

Posted on 09/25/2012 by | Money and Work | Comments

Bulletin Today | Money & SavingsThis is a guest post by Sid Kirchheimer. The Federal Trade Commission on Tuesday announced it settled a case with seven rent-to-own computer businesses and a software vendor accused of secretly installing software to spy on customers who rented those machines. The FTC says the installed software, licensed by Philadelphia-area DesignerWare LLC, captured screenshots of confidential and personal information, logged computer keystrokes and in some cases took webcam pictures of people in their homes — all without renters’ notice or consent. …