Federal Trade Commission (FTC) Chair Lina M. Khan has announced a virtual open meeting scheduled for Thursday, November 14, 2024, at 11 a.m. ET. The event will kick off with an opportunity for members of the public to share feedback and address the Commission, with each speaker allotted two minutes to comment on the FTC’s work or raise relevant issues.
The tentative agenda for the November 14 meeting includes:
- Older Americans Report Presentation: The Bureau of Consumer Protection’s Division of Marketing Practices will present the FTC’s latest report to Congress on protecting older adults. This report summarizes key fraud trends affecting older adults, as well as the FTC’s multifaceted approach to combat these issues through enforcement, rulemaking, and outreach programs.
- Click-to-Cancel Rule Presentation: The Bureau of Consumer Protection’s Division of Enforcement will discuss the new “Click-to-Cancel” Rule. This rule mandates that sellers of negative option plans offer a cancellation process as straightforward as the enrollment process. It also requires disclosure of key terms and prohibits deceptive practices in marketing, ensuring consumers give informed consent before billing begins.
- Merger Portal Presentation: The Bureau of Competition will provide an overview of the FTC’s new online merger portal, designed to facilitate public input on proposed transactions under FTC review. This tool allows market participants, stakeholders, and the public to submit comments directly on mergers and acquisitions.
Chair Khan will open the meeting with brief remarks and will invite members of the public to share their input on the Commission’s work. Those interested in speaking can register until Tuesday, November 12, 2024, at 8 p.m. ET. For those unable to attend, written comments or links to prerecorded videos may be submitted via an online form.
A link to access the meeting will be provided shortly before the event on FTC.gov, and the recording, along with comments, will be available on the FTC’s website afterward. The Commission may also choose to make select public comments available following the event.
Author: Jennifer Evancic
Jennifer.Evancic@ResourceManagement.com
Jennifer Evancic is a third-party auditor valued by creditors and large organizations for her knowledge in call monitoring within the collections industry. With meticulous attention to detail and a firm grasp of regulatory requirements, she ensures compliance with clients’ criteria and state and federal regulations.
Jennifer audits collections calls, ensuring they meet client-specific criteria and comply with regulations, providing valuable insights and maintaining industry standards.
Beyond her auditing responsibilities, Jennifer takes the lead in organizing and facilitating monthly call calibrations. These sessions serve as a collaborative forum where clients and their vendors come together to discuss call monitoring results and address any findings or areas for improvement. Jennifer’s guidance fosters open communication and ensures alignment between clients and vendors, driving continuous improvement in collections practices.
Jennifer stays up-to-date with compliance and industry best practices by participating regularly in peer meetings, regulatory updates and industry webinars. This keeps her informed about emerging issues and ensures she remains a knowledgeable leader in collections compliance.
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