On April 12, 2011, the Commodity Futures Trading Commission (“CFTC”) and the Federal Trade Commission (“FTC”) announced that the agencies have signed a memorandum of understanding (“MOU”) to work together and share information on non-public energy investigations. The CFTC and FTC were unanimous in approving the MOU.
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FTC News
Senate Legislation Resolving FERC/CFTC Jurisdiction Issues Passes Voice Vote
On May 18, 2010, the U.S. Senate approved by voice vote an amendment to the financial reform bill (S. 3217, the “Restoring America’s Financial Stability Act”), which would attempt to resolve the ongoing jurisdictional debate between FERC and the Commodity Futures Trading Commission (“CFTC”).
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FTC to Delay Enforcement of Red Flags Rule until November 1, 2009
Just announced, the Federal Trade Commission (“FTC”) has suspended enforcement of the Red Flags Rule for a third time, resulting in a new compliance date of November 1, 2009, which is an additional three month delay from the most recent compliance date of August 1, 2009 (see May 1, 2009 edition of the WER).
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FTC Issues “Fighting Fraud with the Red Flags Rule: A How-To Guide for Business”
We continue in our efforts to help bring companies into compliance with the Red Flags Rule. By August 1, 2009, creditors will be required to have an identity theft prevention program in place.
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FTC to Delay Enforcement of Red Flags Rule Until August 1, 2009
Just announced, the FTC will suspend enforcement of the Red Flags Rule again – this time until August 1, 2009 (resulting in an additional three month delay from its current compliance date of May 1, 2009).
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