Last week, I sat in on a meeting with folks from the Federal Trade Commission, Division of Marketing Practices (part of the Bureau of Consumer Protection). I will report later as appropriate on the content of the meeting, but I thought it would be important to give some overall impressions.
All of this is occurring in light of the Millennium Telecom case. If you are not familiar with the case, you should be.
The FTC alleged in the case that Millennium had hidden fees which were not clearly disclosed in its ads and was not delivering the number of minutes promised. As a result, the FTC got a court order to freeze Millennium’s assets and appoint a receiver to manage Millennium’s business. I won’t go into the details right now, but the message from the FTC was crystal clear, Millennium is only the first to be targeted. Stay tuned to TPP as developments occur.