[Federal Register Volume 61, Number 68 (Monday, April 8, 1996)] [Notices] [Pages 15484-15485] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 96-8658] ----------------------------------------------------------------------- FEDERAL TRADE COMMISSION [Dkt. C-3635] First Data Corp.; Prohibited Trade Practices, and Affirmative Corrective Actions
Agency
Federal Trade Commission.
Action
Consent order.
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Summary
In settlement of alleged violations of federal law prohibiting unfair acts and practices and unfair methods of competition, this consent order requires, among other things, First, Data, a New Jersey- based corporation, to divest, within 12 months to a Commission-approved acquirer, either its own MoneyGram business or First Financial's Western Union business. If the divestiture is not completed on time, the consent order allows the Commission to appoint a trustee.
Dates
Complaint and Order issued January 16, 1996.\1\
\1\ Copies of the Complaint, the Decision and Order, and Commissioner Varney's statement are available from the Commission's Public reference Branch, H-130, 6th Street & Pennsylvania Avenue, NW., Washington, DC. 20580. ---------------------------------------------------------------------------
For Further Information Contact
Ann Malester, FTC/S-2307, Washington, DC. 20580. (202) 326-2682.
Supplementary Information
On Thursday, October 5, 1995, there was published in the Federal Register 60 FR 52188, a proposed consent agreement with analysis In the Matter of First Data Corporation, for the purpose of soliciting public comment. Interested parties were given sixty (60) days in which to submit comments, suggestions or objections regarding the proposed form of the order. A comment was filed and considered by the Commission. The Commission has ordered the issuance of the
complaint in the form contemplated by the agreement, made its jurisdictional findings and entered an order to divest, as set forth in the proposed consent agreement, in disposition of this proceeding.
(Sec. 6, 38 Stat. 721; 15 U.S.C. 46. Interpret or apply sec. 5, 38 Stat. 719, as amended; sec. 7, 38 Stat. 731, as amended; 15 U.S.C. 45, 18) Donald S. Clark, Secretary. [FR Doc. 96-8658 Filed 4-5-96; 8:45 am] BILLING CODE 6750-01-M