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The Latest Breaking News from FTC

Guy Declares War On Dating App After It Won’t Refund Him $45, Company Ends Up Paying $23 Million

As this story shows, taking legal action against a company's predatory billing practices can sometimes bear fruit. The post Guy Declares War On Dating App After It Won’t Refund Him $45, Company Ends Up Paying $23 Million first appeared on Bored Panda.

Federal Court Grants Amazon Partial Dismissal Of US FTC's Antitrust Lawsuit

Federal Court Grants Amazon Partial Dismissal Of US FTC's Antitrust Lawsuit

The FTC alleges in its lawsuit that Amazon employs anti-competitive tactics to maintain dominance among online marketplaces and superstores. In December, Amazon sought to dismiss the case, stating that the FTC had provided no evidence of consumer harm.

International Business Times

FTC Says Hess CEO Encouraged OPEC To Raise Prices, Bans Him From Chevron Board

FTC Says Hess CEO Encouraged OPEC To Raise Prices, Bans Him From Chevron Board

Oil company scion John Hess allegedly 'communicated publicly and privately with OPEC representatives and oil ministers of OPEC member states.'

International Business Times

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Kamalanomics: What businesses can expect in a Kamala Harris presidency

The vice president hasn’t done much to woo Big Business, but many executives would still rather take their chances with her than the alternative.

FTC Chair Lina Khan sees parallels in Kamala Harris's record and the regulator's work

"If you’re not enforcing antitrust, you’re allowing decades of consolidation that can create inflationary spikes more readily, because your system as a whole is less resilient to that disruption."

The FTC is finally going after AI scammers

Some reasonable regulations need to be placed on AI companies. Meanwhile, using current laws to go after the bad guys sounds good to me.

Android Central

The FTC is stepping up its fight against fake AI promises and scams

The FTC is going after AI companies that are making promises they can't keep.

Android Central

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Operation AI Comply has come out swinging against five companies the FTC says are peddling 'deceptive AI claims and schemes'

Operation AI Comply has come out swinging against five companies the FTC says are peddling 'deceptive AI claims and schemes'

Five's a good start sure, but I'll bet this has made a few AI hype merchants more than a little worried.

Companies building AI-powered tech are using your posts. Here’s how to opt out

Companies building AI-powered tech are using your posts. Here’s how to opt out

Even if you haven’t knowingly opted in, companies are still scraping your personal information to train their systems

The Guardian - US

Invitation Homes To Pay Million Settlement For Deceptive Practices

Invitation Homes To Pay Million Settlement For Deceptive Practices

FTC settles with Invitation Homes for million over deceptive rental practices, including undisclosed fees and unfair charges.

Invitation Homes agrees to pay $48 million to settle claims it saddled tenants with hidden fees

Invitation Homes agrees to pay $48 million to settle claims it saddled tenants with hidden fees

The nation’s largest owner of single-family homes for rent has agreed to pay $48 million to settle claims by the Federal Trade Commission

The Independent UK

Can you trust companies that say their plastic products are recyclable? US regulators may crack down on deceptive claims

Can you trust companies that say their plastic products are recyclable? US regulators may crack down on deceptive claims

Plastic is a fast-growing segment of U.S. municipal solid waste, and most of it ends up in the environment. Just 9% of plastic collected in municipal solid waste was recycled as of 2018, the most recent year for which national data is available. The rest was burned in waste-to-energy plants…

The Conversation

How "guarded" contracts set food prices

How "guarded" contracts set food prices

With food prices up 25% over the last four years, it may be worth asking – what determines the cost of food?

Kroger-Albertsons merger will increase costs for shoppers, says FTC chair

Kroger-Albertsons merger will increase costs for shoppers, says FTC chair

Lina Khan made remark on largest-ever US grocery merger, which FTC is seeking to block, on CBS’s 60 Minutes

The Guardian - US

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FTC Sues Pbms Over Soaring Insulin Prices

FTC lawsuit targets major PBMs for inflating insulin prices, impacting patients and drug costs. Debate over drug pricing and PBM role in healthcare system ...

The FTC win you haven't heard about

In a major ethics win, Lina “The Lion” Khan straight-up bodies the bullies of journalism

Minecraft is finally coming to PS5 a year after Xbox boss Phil Spencer told the FTC Sony was "reluctant" to send them dev kits

Xbox certainly isn't lacking the ability to make PS5 games these days

The Independent UK

High insulin prices spur a federal lawsuit against three pharmacy benefit managers

The federal government is suing some pharmacy benefit managers over a system of drug rebates that regulators say has made the price of insulin soar for patients

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International Business Times

FTC Sues 'Middlemen' For Inflating Insulin Drug Prices

The suit accuses the "Big Three" of steering diabetes patients toward high-priced insulin to benefit their bottom lines

FTC says social media apps are surveilling kids and teens

They're doing very little to protect the young ones from harmful content and are pushing back against legislation.

The Guardian - US

Social media and online video firms are conducting ‘vast surveillance’ on users, FTC finds

Agency accuses Meta, Google, TikTok and other companies of sharing troves of user information with third-parties

International Business Times

US Accuses Social Media Giants Of 'Vast Surveillance'

A years-long analysis shows that social media titans engaged in "vast surveillance" to make money from people's personal information, according to the US Federal Trade Commission (FTC).

Michael Kors admits defeat by influencers and celebrities, claiming ‘brand fatigue’ in $8.5 billion federal antitrust trial

The FTC is attempting to block Tapestry’s acquisition of Capri, which would create a bag behemoth.

The Independent UK

Kroger and Albertsons prepare to make a final federal court argument for their merger

Closing arguments are coming up in the Federal Trade Commission's attempt to block the proposed merger of supermarket chains Kroger and Albertsons

America’s national debt is ballooning—and any real solutions can only be bipartisan

Neither party seems to be seriously addressing a key issue: The national debt.

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