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The Latest Breaking News from Federal Trade Commission

Meta Completes Virtual Reality Deal after US Court Win

Facebook-owner Meta finalized its buyout of virtual reality firm Within Unlimited, the VR company's chief executive said, after a court rejected an attempt by US regulators to block the deal over competition concerns. A spokesperson for the Federal Trade Commission told AFP on Thursday that it would not appeal the…

Asharq Al-Awsat

Even after you think you bought a car, dealerships can 'yo-yo' you and take it back

NPR investigated a practice called a yo-yo sale and found it's hurting car buyers nationwide, tougher rules can make a difference, and the Federal Trade Commission has a chance to crack down.

WEKU

FTC fines GoodRx for unauthorized sharing of health data

The Federal Trade Commission has imposed a $1.5 million penalty on telehealth and prescription drug discount provider GoodRx Holdings Inc. for sharing users’ personal health data with Facebook, Google and other third parties without their consent

The Independent UK

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Kimberly Palmer: How to safely use payment apps

Scams are common on peer-to-peer payment apps, but you can keep your money safe by avoiding questionable payment requests that may be fraudulent, only sending money to people you know and upgrading your privacy settings

The Independent UK

AI rockets ahead in vacuum of U.S. regulation

Thanks to ChatGPT, AI is getting fast-tracked by tech companies way ahead of efforts to establish rules and guide rails.

Axios

Sen. Chuck Schumer demands FTC crackdown on assault weapons marketed to kids

WASHINGTON — Senate Majority Leader Chuck Schumer and fellow Democrats are demanding that the Federal Trade Commission clamp down on a gun manufacturer for marketing a mini assault-style rifle to children.

Tribune News Service

White House directs FTC, CFPB to probe housing rental market practices

Landlords will face greater federal scrutiny from the Consumer Financial Protection Bureau, Federal Trade Commission and other agencies amid rapidly rising rents under a plan that President Joe Biden released Wednesday.

Tribune News Service

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The government is ganging up on Google. Why it might finally win this time

Federal and state officials from both sides of the aisle are taking aim at the Alphabet unit’s power over the ad market.

Fortune

White House directs FTC, CFPB to probe housing rental market practices - Roll Call

The White House has directed the Consumer Financial Protection Bureau and the Federal Trade Commission to examine the housing rental market.

Roll Call

FTC asks judge to hold Martin Shkreli in contempt for breaking pharma ban

Shkreli received lifetime ban from industry over monopoly pricing on life-saving Daraprim drug

The Independent UK

Commentary: Eliminating noncompete contracts will empower employees and entrepreneurship

The Federal Trade Commission has proposed an imminent ban on noncompete contracts. Prohibiting these contracts is an important step toward assuring we still have access to the American Dream. It will help businesses innovate in our tight labor market, ensure workers are not stuck in dead-end jobs and make the…

Chicago Tribune

How to avoid getting tricked by the 'You're hired' scams

The number of job scams reported to the Federal Trade Commission has ballooned in recent years — from 7,324 in the third quarter of 2020 to 21,848 a year later.

Los Angeles Times

Many workers barely recall signing noncompetes, until they try to change jobs

Employers say that noncompete agreements are needed to protect trade secrets and investments. The FTC says they deprive workers of their economic liberties and has proposed a rule to ban them.

WEKU

FTC ban may be test of bipartisan opposition to noncompete clauses

WASHINGTON — A proposal from the Federal Trade Commission to ban noncompete agreements aims to correct what some say is a harmful power imbalance between companies and employees, an issue prominent enough to have won over some members of the typically pro-business Republican Party.

Tribune News Service

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The Guardian - US

The FTC is back to being the activist US agency progressives sought in 1914

Last week, under its Biden-appointed chair, the Federal Trade Commission proposed a new rule banning non-compete agreements – and it’s a big deal

Tribune News Service

What the FTC’s noncompete agreement ban could mean for you

Noncompete agreements bar about 30 million American workers from quitting their jobs to work for rival companies or start their own businesses, a practice that the Federal Trade Commission calls exploitative and wants to ban.

Roll Call

Congress tightens screws on Chinese tech purchases, collaboration - Roll Call

Lawmakers directed the Federal Trade Commission to give closer scrutiny to Chinese acquisitions of US tech companies.

Tribune News Service

Editorial: Competition is all-American: The Biden administration is right to move to ban noncompete agreements

We don’t know whether the Federal Trade Commission is right that forbidding noncompete agreements in labor contracts will increase wages by nearly $300 billion per year. Nor do we have a strong opinion about whether the ban can be carried out via regulation, as just proposed, or requires legislation like…

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WEKU

Millions of workers are subject to noncompete agreements. They could soon be banned

The Federal Trade Commission has proposed a new rule that bans the use of noncompete agreements, calling them an exploitative practice that suppresses wages and hampers innovation.

The Independent UK

Microsoft braces to fight FTC over Activision Blizzard deal

Microsoft is headed for a battle with the Federal Trade Commission over whether the U.S. will block the tech giant’s planned takeover of video game company Activision Blizzard

Daily Mirror

Fortnite maker ordered to pay $520m for violating child privacy and tricking players

Epic Games has agreed to pay the Federal Trade Commission (FTC) $520 million to resolve concerns related to the Fortnite item shop, refund systems and children's privacy.

Tribune News Service

What Fortnite players, parents should know after Epic Games settles with FTC

RALEIGH, N.C. — This week, the Federal Trade Commission announced Cary-based Epic Games would pay more than half a billion dollars in fines — a record amount — for a series of violations involving its most popular game, Fortnite.

Tribune News Service

Zuckerberg testifies that Meta's lack of VR fitness app doesn’t keep him up at night

Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg says the fact his company doesn’t have a virtual reality fitness app up doesn’t keep him up at night, but acquiring it would boost competition and improve such applications.

WEKU

Could you be eligible for a Fortnite refund?

Epic Games has agreed to pay the Federal Trade Commission $520 million over allegations of privacy violations and unwanted charges. Nearly half of the money will go to refund consumers.

Reason

Why Does Funding Government Take $1.7 Trillion and 4,000 Pages?

Plus: Title 42 order termination is on hold, the FTC vs. Meta, and more...

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People

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