Word: ftc
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...biggest worry is a relentless blitz of Government agencies, led by the Federal Trade Commission, to purge extravagant claims or outright deception in advertising and put more straight information into ads. Under its aggressive chairman, Lawyer Miles Kirkpatrick, the FTC last week hurled its latest bombshell. In an unprecedented action, it proposed that the nation's four largest cereal makers be broken up into smaller companies, partly on grounds that their lavish ad campaigns enabled them to keep out competitors and inflate prices. Kellogg, General Mills, General Foods and Quaker Oats were also accused by the agency of falsely...
...each card-but only after the holder is properly notified of that liability by the issuing company and provided with a postage-paid return envelope to use in case of Only two issuers, American Express and Carte Blanche, have tried to notify their customers of the act, but FTC lawyer say the agency has not been informed that the companies have done so. Bank-Americard plans to begin notifying its cardholders next January. The others, including Master Charge, Diners Club and Uni-Card, seem to have no immediate intention of complying. Compliance is not mandatory, but if a card-issuing...
...purveyors of plastic credit prefer to absorb the cost of stolen cards -which last year amounted to well over $50 million-rather than claim the $50 per victim to which the law would entitle them? Credit card executives are vague on that question. But staffers at the FTC's Division of Consumer Credit and Special Programs say that most companies have a lot to gain by keeping their customers uninformed. If a cardholder knows that his liability is limited to $50, for example, he may not be so prompt in letting the company know when he finds that...
Neither the FTC nor the companies are educating consumers about the act's no-liability loophole. Still, word may be out. Credit card notification services, organizations that feed all of a holder's card numbers into a computer and notify the proper companies as soon as a loss is reported, are dying out. Just a year ago, there were at least 40; today the FTC knows of only four. . . . When Japanese-born Mike Yamano of Los Angeles applied for a Diners Club card in 1958, he was rejected as a poor credit risk. Today, Yamano is taking...
...FTC attorneys are concerned about deceptive labeling and advertising of the water inside the bottle. To well-traveled Americans, bottled water evokes exotic, health-giving European spas. In the U.S., however, only 1% of bottled water is imported-and, of course, now subject to the 10% surtax. Only half of the bottled water sold in the U.S. comes from underground springs. The rest is tap water that has been purified and elaborately filtered. But ads for the finished product often make it sound as if it had gurgled fresh from the ground in some sylvan mountain glen. Says one FTC...