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Records Management Terms & Definitions

2015-12-10 18:19:00| PortlandOnline

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Auto Dealers Settle FTC Charges That They Deceived Consumers By Failing to Disclose Key Lease Terms

2015-11-25 19:21:16| Auto Dealers - Topix.net

Two Ohio auto dealers have agreed to settle Federal Trade Commission charges that they deceived consumers with advertisements that touted low monthly car lease payments but failed to disclose key terms of the offers. The FTC's administrative complaint alleged that Progressive Chevrolet Company and Progressive Motors Inc., of Masillon, Ohio, failed to properly disclose terms such as the total amount due at signing, whether a security deposit was required, and credit score requirements.

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Vodacom in talks with Neotel to revise acquisition terms

2015-11-23 09:43:00| Telecompaper Headlines

(Telecompaper) Vodacom said it started talks with South African operator Neotel about revising the structure of the proposed takeover of the operator. The operator also asked for a Competition Tribunal hearing on the deal to be postponed. The outcome of these discussions will directly impact the extent of the approval being sought from the Competition Tribunal and the scope of the hearing, the company said. The review was scheduled to start in Pretoria on 23 November, but has since been delayed. No reason was disclosed for the postponement. Vodacom was granted provisional approval by South Africa's antitrust and communications regulators earlier this year to buy Neotel, expanding its spectrum holdings and internet offering. The acquisition was first announced in May 2014 for ZAR 7 billion including debt. Conditions imposed by the regulator included the extension of broadband to rural areas and a pledge not to cut Neotel jobs. The deal has been opposed by competitors including MTN, which said the acquisition would give Vodacom dominance of South Africa's high-speed internet market. 

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Carlsberg counters UK payment terms attack

2015-11-19 13:44:00| Daily beverage news and comment - from just-drinks.com

Carlsberg has said that a recent change in the UK to its supplier terms, which has drawn the ire of several business organisations, does not apply to all of its suppliers.

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EU, US near deal on new 'safe harbour' terms

2015-10-27 09:14:00| Telecompaper Headlines

(Telecompaper) The European Union has reached an agreement in principle with the US on strengthening the 'safe harbour' agreement on the transfer of personal data to the US. The announcement was made by Jera Verouva, the European Commssioner for Justice, who was addressing the Committee on Civil Liberties, Justice and Home Affairs in the European Parliament on the consequences of the recent ruling by the EU Court of Justice striking down the previous designation of the US as a safe harbour. Verouva said the European Commission will release soon a communication outlining the consequences of the ruling for businesses. This will provide guidance until a more detailed agreement can be reached on a new safe harbour deal. The EC recommended already in 2013 a number of changes to the safe harbour agreement and these, along with the court ruling, have served as the basis for negotiations underway with the US. One of the key elements of the talks is ensuring a "effective detection and supervision mechanisms", as required by the court. According to Verouva, the US has delivered on this by committing to a stronger oversight by the Department of Commerce, stronger cooperation with European data protection authorities and priority treatment of complaints by the Federal Trade Commission. "This will transform the system from a purely self-regulating one to an oversight system that is more responsive as well as pro-active and backed-up by significant enforcement, including sanctions," Verouva said. While there is an agreement with the US on these matters in principle, the EC is still discussing how to ensure that these commitments are binding enough to fully meet the requirements of the court, she added. Once a new deal is in place, it will be subject to annual review, including the use of exemptions for law enforcement and national security grounds.

Tags: terms safe deal harbour

 

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