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

efficient cleaning crew Lake Forest ..

In The News:

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.

Texas startup Janta Power raises $5.5M for innovative vertical solar towers that generate 50% more energy than traditional panels while using just one-third the land.

NASA's twin ESCAPADE spacecraft launched aboard Blue Origin's New Glenn rocket Thursday afternoon from Cape Canaveral, beginning their journey to Mars with arrival expected in 2027.

Learn how to set email reminders on iPhone and Android so you never forget to reply again. Simple built-in features help you stay organized and on top of messages.

Discover how Apple's passkeys revolutionize Mac security by replacing vulnerable passwords with biometric authentication and encryption for ultimate protection.

New survey reveals 78% of parents fear AI scams targeting their kids, yet nearly half haven't discussed these threats. Learn why this dangerous gap exists.

Chrome now autofills passport and driver's license info automatically. Google's latest browser update adds official document support with encryption and user control.

Scammers impersonate Department of Veterans Affairs employees claiming veterans owe money, but real VA communications only direct to VA.gov or official channels.

The AltoVolo Sigma hybrid-electric aircraft flies 500 miles at 220 mph while operating 80% quieter than helicopters, featuring safety systems and compact design.

Google search scam alert: fake customer service numbers can give scammers remote control of your phone. Learn how to spot these traps and protect yourself.

Electric vehicles overtake gas cars in total CO2 savings after just two years of driving, with emissions benefits growing over time as power grids get cleaner.

Louvre Museum reportedly used "Louvre" as password for surveillance system during $100M jewel heist. Learn how weak passwords put even famous institutions at risk.

Bipartisan AI jobs bill from Sens. Hawley and Warner would require companies to report AI-related layoffs and hiring to Department of Labor quarterly.

Joe A. from Shelton, Connecticut, lost $228,000 to a ZAP Solutions cryptocurrency investment scam after his divorce, highlighting rising online fraud.

AI-powered autonomous trucks from Waabi and Volvo target U.S. freight driver shortage with Level 4 self-driving technology and NVIDIA computing platform integration.

Survive flight disruptions with expert travel tips: Book early morning flights, download airline apps and know your refund rights during service cuts.

FTC Report on Franchise Rule Making; What Purpose?

Small Business