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Financial Services Law Insights and Observations

FTC Releases 2014 Annual Highlights Report

FTC

Privacy, Cyber Risk & Data Security

On April 15, the FTC released its 2014 Annual Highlights Report (Report), summarizing the FTC’s work during the prior year to protect consumers and promote competition in industries such as mobile technology, healthcare, and consumer products and services. The Report notes a range of policy actions, including filing eight amicus briefs on topics such as debt collection and children’s online privacy. It also publicizes the FTC’s work in pursuing over 150 enforcement actions resulting in $640 million in consumer refunds, highlighting the actions against mobile carriers’ “cramming” activities and companies that misrepresented the security features of their mobile applications and failed to disclose hidden in-app charges.