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Tag: FTC


Vivint to pay $20M to settle FTC claims it misused consumer credit reports

Residential

Vivint to pay $20M to settle FTC claims it misused consumer credit reports

April 29, 2021Paul Ragusa, Editor

PROVO, Utah—Smart home security and monitoring company Vivint Smart Homes Inc. has agreed to pay $20 million to settle Federal Trade Commission (FTC) allegations that the Utah-based firm misused credit reports to help unqualified customers obtain financing for the company’s products and services. Under the settlement, Vivint will pay a $15 million civil penalty and an additional $5 million to compensate injured consumers. In a complaint filed by the Department of Justice on behalf...

FTC, Vivint Smart Home


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Commercial

ADT/Protection 1 merger gets FTC go-ahead

March 11, 2016Martha Entwistle

BOCA RATON, Fla.—The ADT/Protection 1 merger passed one regulatory hurdle this week when the U.S. Federal Trade Commission granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act).ADT announced that it received the FTC go-ahead on March 9. The acquisition of ADT by private equity group Apollo Global Management and planned merger with Protection 1 was announced Feb. 16.The deal, which is expected to close in June, is still subject...

ADT/Protection 1 merger, Apollo Global Management, FTC, regulatory approval


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