[Federal Register Volume 61, Number 49 (Tuesday, March 12, 1996)]
[Notices]
[Pages 9996-9997]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-5879]
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[[Page 9997]]
FEDERAL TRADE COMMISSION
[Dkt. C-3603]
V.L.P. Enterprises, Inc.; Prohibited Trade Practices, and
Affirmative Corrective Actions
AGENCY: Federal Trade Commission.
ACTION: Consent Order.
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SUMMARY: In settlement of alleged violations of federal law prohibiting
unfair acts and practices and unfair methods of competition, this
consent order requires, among other things, a video dating service
franchise to properly and accurately disclose the annual percentage
rate (APR) and other credit terms of financed memberships, as required
by the federal Truth in Lending Act, and requires the franchise to
establish adjustment refund programs to compensate its past and current
members who overpaid finance charges.
DATES: Complaint and Order issued August 11, 1995.\1\
FOR FURTHER INFORMATION CONTACT:
Stephen Cohen, FTC/S-4429, Washington, D.C. 20580. (202) 326-3222.
SUPPLEMENTARY INFORMATION: On Monday, June 5, 1995, there was published
in the Federal Register, 60 FR 29627, a proposed consent agreement with
analysis In the Matter of V.L.P. Enterprises, Inc., for the purpose of
soliciting public comment. Interested parties were given sixty (60)
days in which to submit comments, suggestions or objections regarding
the proposed form of the order.
No comments having been received, the Commission has ordered the
issuance of the complaint in the form contemplated by the agreement,
made its jurisdictional findings and entered an order to cease and
desist, as set forth in the proposed consent agreement, in disposition
of this proceeding.
(Sec. 6, 38 Stat. 721; 15 U.S.C. 46. Interpret or apply sec. 5, 38
Stat. 719, as amended; 82 Stat. 146, 147; 15 U.S.C. 45, 1601, et
seq.)
Donald S. Clark,
Secretary.
[FR Doc. 96-5879 Filed 3-11-96; 8:45 am]
BILLING CODE 6750-01-M
