On May 24, 2022, the Federal Trade Commission (“FTC”) unanimously approved a notice of proposed amendments to its “Guides Concerning the Use of Endorsements and Testimonials in Advertising” (the “Endorsement Guides”). The proposed amendments to the Endorsement Guides target, among other things, the fraudulent practice of posting fake positive reviews and suppressing bad reviews in online […]
FTC Endorsement Guides: Proposed Changes Read More »
In addition to NFT Sweepstakes and NFT fantasy sports contest-like games, companies are developing various gamified NFT collections or “NFT videogames.” In such games, minters use NFTs in many ways, including as rewards for player participation (i.e., completion badges) and as the means of entry to gameplay (e.g., tokens that users may digitally insert to
Entertain through Blockchains: NFT Videogames Read More »
The Telephone Consumer Protection Act (“TCPA”) has established the rules of the road on a federal level for telemarketers since its passage in 1991. In 2021, the industry saw a significant shift in state laws governing the industry. Florida acted first and passed the Florida Telephone Solicitation Act (“FTSA”), which included several new, broad telemarketing
New Oklahoma Mini-TCPA Becomes Law Read More »
As companies continue to look for new ways to utilize NFTs, some are experimenting with gamified NFT collections, including NFT fantasy sports contest-like games. In December 2021, the National Football League Player Association announced that it would partner with DraftKings Inc. to launch gamified NFT collections during the 2022-2023 NFL season. On March 29, 2022,
NFT Fantasy Sports Games: MLB Enters the Playing Field Read More »
On April 28, 2022, the Federal Trade Commission (“FTC”) unanimously approved a Notice of Proposed Rulemaking (“NPRM”) and an Advanced Notice of Proposed Rulemaking (“ANPRM”) that would amend the Telemarketing Sales Rule (“TSR”). The FTC believes these changes are necessary to protect consumers from deceptive and abusive telemarketing practices. Please note that any business that
TSR Changes: What You Need to Know Read More »
In a recently released Advanced Notice of Proposed Rulemaking (“Notice”), the Federal Trade Commission (“FTC”) is seeking comment on certain important proposed amendments to the Telemarketing Sales Rule (“TSR”). Among these proposed (but not yet enacted) amendments is the potential repeal or narrowing of the long-standing Business to Business (“B2B”) exception. On a basic level,
FTC Begins TSR Rulemaking Process, Targets Repeal of B2B Exception Read More »
The beginning of a potential business relationship is an exciting time, whether one is an inventor with a new software application or an established business with a new joint venture in mind. It may be tempting to seize an opportunity to pursue an advantageous business relationship without waiting for paperwork to be produced and signed.
Why Non-Disclosure Agreements (NDAs) Are a Must: Confidentially Speaking Read More »
Last year, Virginia passed the Consumer Data Protection Act (“CDPA”), marking the Commonwealth’s entry into the state data privacy law field. The Virginia privacy law goes into effect January 1, 2023. In this year’s legislative session, the Commonwealth passed important amendments to the CDPA. With no regulatory body involved in implementing the CDPA, these amendments
Legislature Finalizes Virginia Privacy Law for 2023 Debut Read More »