DeVry to Pay $100 Million to Settle FTC Charges
DeVry University agreed to settle charges that it exaggerated the job prospects of its graduates. The FTC says DeVry misled prospective students by claiming 90 percent of its graduates landed jobs within six months of graduation, and that 15 percent had higher incomes, compared to graduates of other schools. Nearly half of the $100 million settlement will go to qualifying students misled by the ads. The remainder will go to forgiving or cancelling debts that students would have incurred, and to students to pay off debt already incurred to attend DeVry between 2008 and 2015.
FTC Charges Turn for Deceptively Tracking Consumers
To settle FTC charges, Turn, a digital advertising company, has agreed to stop misrepresenting its online tracking capabilities and provide an effective way for people to opt out of tracking. The FTC says Turn kept tracking people’s online and mobile activities even after people opted out of tracking. The FTC also said Turn’s opt-out mechanism only applied to mobile browsers, and did not block tailored ads on mobile applications,as the company had claimed.
FTC Says CarMax and Others Failed to Disclose Safety Recalls
Three auto retailers, including CarMax, agreed to settle FTC chargesthat they failed to sufficiently disclose that some of their cars were actually subject to unaddressed safety recalls – even after the companies touted how thoroughly they inspect their vehicles. The FTC’s proposed consent orders will prohibit these retailers from making unqualified inspection or safety-related claims about their used vehicles subject to safety recalls.
Pharma Company Will Divest Products per FTC Order
The FTC required divestitures to maintain competition for a variety of vaccines for dogs and cats, as well as parasite control products for cattle and sheep. Pharmaceutical company Boehringer Ingelheim agreed to divest five types of animal health products in the United States in order to settle FTC charges that its proposed asset swap with Sanofi could lead to higher prices for these products. The proposed consent order preserves competition by requiring Boehringer Ingelconsuheim to divest the companion animal vaccines to Eli Lilly and the company’s Elanco Animal Health division, and the parasite control products to Bayer AG.
FTC Hosts “Internet of Things” Contest
How can you know whether your internet-connected devices are updated to protect your privacy and security? The FTC is hosting a prize competition, The Internet of Things (IoT) Home Inspector Challenge, to see who has the answer. The winning tool would help protect people from security vulnerabilities caused by out-of-date software – and there’s a $25,000 prize for the winning team or person. The challenge opens for submission on March 1, 2017.