[Federal Register Volume 61, Number 49 (Tuesday, March 12, 1996)]
[Notices]
[Page 9995]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-5882]
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FEDERAL TRADE COMMISSION
[Dkt. C-3606]
Great Southern Video, 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 video dating service
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 finance charges.
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, N.W., Washington, D.C. 20580.
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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 29613, a proposed consent agreement with
analysis In the Matter of Great Southern Video, 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 jurisdiction 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. 96-5882 Filed 3-11-96; 8:45 am]
BILLING CODE 6750-01-M
