Home
>
Small Business
>
FTC Report on Franchise Rule Making; What Purpose?

FTC Report on Franchise Rule Making; What Purpose?

The Federal Trade Commission out of the blue decide in November of 2004 that they wanted to revamp the franchise and business opportunity rule; specifically addressing franchising. Now then, why now? To prove to the masses that the Federal Trade Commission is in control? After all it is nearly 10 years after the Federal Trade Commission considered revising the rule, before this report has surfaced again. Ten years?

Franchise companies have come and gone since then, technologies have come and become obsolete since then. The Federal Trade Commission does not need to prove self worth in the franchising realm, for the industry is fully under control with fewer than 2000 active franchisors at this point. Making rules which will only effect 2000 total companies in an already over regulated industry is just not needed. Do not worry about it. Change some definitions, reduce these over burdensome regulations in the franchise rule to prevent unnecessary barriers to entry, maintain competition in the market place and everything will be fine. Right now as it stands these regulations in franchising and those proposed changes will actually create criminals or perceived fraud of entrepreneurs who will be investing capital into markets and providing jobs. Making criminals out of the hard chargers who create, build and innovate, merely because they did not fill out a form correctly, have an extra sentence in a paragraph or make a chart just right is simply something that the Federal Trade Commission should not be involved in.

The statue in front of the Federal Trade Commission shows a half naked man on steroids who could not make the Olympic team in Athens due to doping issues. This man in the statue is attempting to control the mighty wheels of commerce depicted by a horse, it does not show a man shooting the horse in the head with an unregistered handgun. Either way this cruelty to animals is so highly and politically incorrect it must be stopped at once. The Federal Trade Commission needs to get with the program, provide a seem-less market place and work with the business community or remove the statue.

Since 1980 the number of active franchisors is down from 5800 to about 1700 as of 2003. The franchising industry employs a huge chunk of our workforce. Franchising accounts for almost 1/3 of every consumer dollar spent in America, which drives sales and sales tax revenues for state and local governments at a time when they can use all they can get. Franchising accounts for over 350,000 plus outlets, which open each day to sell their wares to willing buyers of their products and services. For us to consider the few complaints in franchising a trend that fraud is increasing and for the Federal Trade Commission to go out of their way to bring cases about out of mere complaints and further burden the industry with additional rules is truly absurd. Think about it.

"Lance Winslow" - If you have innovative thoughts and unique perspectives, come think with Lance; www.worldthinktank.net/wttbbs

recurring cleaning service Wilmette ..

In The News:

New Android malware NGate steals NFC payment codes in real-time, allowing criminals to withdraw cash from ATMs without your card. Learn protection tips.

DoorDash confirms data breach exposing customer names, emails, addresses after social engineering attack. Learn how to protect yourself from scams.

Concerned about Google's AI scanning your Gmail? Learn how to disable Gemini features that access your emails, Drive files and Chat messages for privacy.

Google warns Android users about dangerous fake VPN apps hiding malware that steals passwords, banking details and personal data from phones and tablets.

Apple's digital passport feature lets iPhone users breeze through TSA checkpoints this holiday season using Digital ID technology at 250+ airports.

A new phishing scam targets family photos with fake "Cloud Storage Full" alerts. Criminals steal credit card information through fake sites. Learn protection tips.

South Korean scientists create ultra-thin fabric muscles that turn clothes into robotic assistants, lifting 33 pounds while weighing under half an ounce.

Archer Aviation has acquired Hawthorne Airport for $126M to launch an LA air taxi network ahead of the 2028 Olympics, featuring AI-powered eVTOL operations and next-gen aviation tech.

Stay up to date on the latest AI technology advancements and learn about the challenges and opportunities AI presents now and for the future.

Fake AI apps disguised as "ChatGPT" and "DALL·E" are flooding app stores with dangerous malware that steals data and monitors users without detection.

Fake buyers demand specific vehicle reports from unknown sites to steal credit card information from car sellers, but warning signs can help identify these scams before paying.

Android users can now manage apps across multiple devices more easily with Google Play Store's updated remote uninstall button in the latest update.

NASA's Perseverance rover discovers shiny metallic rock on Mars that could be a meteorite from an ancient asteroid, containing high levels of iron and nickel.

Holiday scams spike during Black Friday and Cyber Monday as criminals exploit your leaked personal data. Learn how to protect yourself from fake stores and phishing.

Commerce Department proposes TP-Link router ban over Chinese security risks. Learn how this potential prohibition could affect your home network and devices.

Hyundai AutoEver America suffered a data breach affecting 2,000 current and former employees, exposing names, Social Security numbers and driver's license information.

Washington court rules automated license plate reader images are public records, even when stored by vendors like Flock Safety, setting precedent for transparency.

Fake airline texts claiming flight cancellations are targeting travelers with convincing scams. Learn how cybercriminals steal personal data and credit card info.

Discover how iOS 26's new Adaptive Power feature automatically extends iPhone battery life by learning your usage patterns and adjusting performance intelligently.

New TikTok malware campaign tricks users into running PowerShell commands that download Aura Stealer, which steals credentials and authentication tokens.

Gaia Family offers fixed upfront pricing for IVF cycles with unlimited embryo transfers and financial protection, partnering with over 100 U.S. fertility clinics.

The Jetsons Act aims to position Pennsylvania as a leader in advanced air mobility by establishing regulations for hybrid ground-air vehicles.

Fake Geek Squad invoice emails are targeting users with convincing charges and urgent phone numbers to steal personal information and money.

Fox News Digital's artificial intelligence newsletter digs into a robot in Russia that faceplanted, George Clooney's alarm and OpenAI's rivalry with the New York Times.

Major data breach at Conduent exposes personal information of 10+ million people. Government contractor hit by cyberattack affecting Medicaid, child support systems.

FTC Report on Franchise Rule Making; What Purpose?

Small Business