[Federal Register Volume 61, Number 49 (Tuesday, March 12, 1996)]
[Notices]
[Page 9994]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-5880]
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FEDERAL TRADE COMMISSION
[Dkt No. C-3604]
Great Expectations Creative Management, Inc., et al.; 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, the franchisor of video
dating services and its four franchises 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 franchises to establish adjustment refund programs to
compensate its past and current members who overpaid and were misled by
the undisclosed finance charges and APRs. In addition, the consent
order prohibits the respondents from providing franchises contracts
with pre-printed APRs.
DATES: Complaint and Order issued August 11, 1995.\1\
\1\ Copies of the Complaint and the Decision and Order are
available from the Commission's Public Reference Branch, H-130, 6th
Street & Pennsylvania Avenue NW., Washington, DC 20580.
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FOR FURTHER INFORMATION CONTACT:
Stephen Cohen, FTC/S-4429, Washington, DC 20580. (202) 326-3222.
SUPPLEMENTARY INFORMATION: On Monday, June 5, 1995, there was published
in the Federal Register, 60 FR 29605, a proposed consent agreement with
analysis In the Matter of Great Expectations Creative Management, Inc.,
et al., 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. 96-5880 Filed 3-11-96; 8:45 am]
BILLING CODE 6750-01-M