- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Jeff Dale2024-04-29T18:50:00
Kitchen and home retail company Williams-Sonoma agreed to pay nearly $3.2 million for failing to comply with a 2020 administrative order by the Federal Trade Commission (FTC) prohibiting its marketing of imported goods as made in the United States.
As part of its settlement, announced Friday by the FTC and Department of Justice (DOJ), Williams-Sonoma admitted its failure to comply with the 2020 order. The penalty is the largest addressing violations of the FTC’s “Made in USA” rule, which was updated in August 2021.
The company also agreed to certain compliance commitments, including reporting, recordkeeping, and monitoring obligations, the FTC said.
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The public reported a 25 percent increase in losses–totaling more than $12.5 billion in 2024–to investment scams, tech rip-offs, and general fraud, according to an analysis by the Federal Trade Commission.
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After dismissing its lawsuit against the crypto exchange Coinbase in March, a second investigation into the exchange by the Securities and Exchange Commission has surfaced, according to a report from the New York Times. This comes as a bit of a surprise after the Trump administration has been scaling down ...
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As the Consumer Financial Protection Bureau steps back from its core mission of protecting American consumers, states like New York and Pennsylvania are stepping up to fill the regulatory void.
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