Second Largest Debt Collection Civil Penalty in FTC History – and New Compliance Resource for Business
The FTC’s recent settlement with Allied Interstate, one of the nation’s largest debt collectors, sends a timely reminder to industry members to comply with the law – and an important message to consumers that the FTC has their back when it comes to companies that cross the line.
Does your business have a wireless network? Do you or your employees ever use wifi to catch up on work from home? Think about all the data that could be transmitted over your wireless network – credit card numbers, bank account information, business secrets. You probably don’t want to share that information with everyone who passes through your neighborhood. But that’s what you’re doing if you don’t use strong encryption and take other steps to secure your home network. Someone nearby could “piggyback” on your network,
Short-sighted thinking like that has landed a lot of businesses in hot water with law enforcers. They forget that the reach of federal and state consumer protection statutes can be expansive. Under appropriate circumstances, payment processors – as well businesses handling ad copy, telemarketing, fulfillment, and a host of other functions – may be liable for the role they play in another company’s deceptive or unfair practices.
The FTC's Biz Opp Cops have recommended that the Business Opportunity Rule be expanded to include work-at-home opportunities like envelope stuffing, medical billing, and product assembly, many of which have not been covered before. An FTC staff report outlines other suggested changes, including streamlining the disclosures required by the Rule so that people buying business opportunities get important info in a simple, easy
Our mythic business executive is having a busy day. She’s got a breakfast meeting with Marketing to review an email promotion. Then it’s on to HR to talk about steps to keep personnel records secure. She’ll grab coffee with the Web Team to go over an online product launch and then rush to lunch with the local business club, where the topic is truth-in-advertising standards.