Pre-Paid Legal Services Inc. issued a press release today indicating that it may be sued by the Federal Trade Commission over its Identity Theft Shield and Affirmative Defense Response System (“ADRS”) Program: Pre-Paid Legal Services, Inc. (NYSE: PPD) announced that on November 18, 2009, we received a proposed draft complaint from the Federal Trade Commission…
Tag: FTC
Online rules out of line, critics say
David Canton writes: The U.S. Federal Trade Commission recently proposed new guidelines pertaining to transparency in blogging. Under the guidelines, bloggers who make an endorsement would have to disclose any material connections they share with the seller of the product or service. This would mean that any freebie a blogger receives would have to be…
FTC extends enforcement deadline for Red Flags rule to 2010
From the why-am-I-not-surprised dept: At the request of Members of Congress, the Federal Trade Commission is delaying enforcement of the “Red Flags” Rule until June 1, 2010, for financial institutions and creditors subject to enforcement by the FTC. The Rule was promulgated under the Fair and Accurate Credit Transactions Act, in which Congress directed the…
ChoicePoint agrees to modified court order after second data breach
As reported here, ChoicePoint, Inc., one of the nation’s largest data brokers, has agreed to strengthened data security requirements to settle Federal Trade Commission charges that the company failed to implement a comprehensive information security program protecting consumers’ sensitive information, as required by a previous court order. As a result of the security failure, there…