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The Latest Breaking News from The Federal Trade Commission

How to talk to older people in your life about scams

Last year, consumers lost $8.8 billion to scammers, and the Federal Trade Commission says older adults lost the most money compared to other age groups

The Independent UK

What Do The Exxon Mobil And Chevron Deals Say About The Oil Industry's Future?

Exxon Mobil bought Pioneer Resources, Chevron scooped up Hess: the biggest industry deals in more than 20 years. What does it tell us?

Investors Business Daily

Amazon used an algorithm to essentially raise prices on other sites, the FTC says

A newly unredacted portion of the Federal Trade Commission's antitrust lawsuit against Amazon says the company used a secret algorithm that essentially helped the company raise prices on other online sites

The Independent UK

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Biden proposes a ban on 'junk fees' — from concert tickets to hotel rooms

A rule proposed by the Federal Trade Commission would outlaw hidden and "bogus" fees. Officials estimate that junk fees cost consumers at least $64 billion each year.

WEKU

FTC proposes a ban on 'junk fees' and says hidden charges push up prices

The Federal Trade Commission is proposing a rule to ban any hidden and bogus “junk” fees, which can mask the total cost of concert tickets, hotel rooms and utility bills

The Independent UK

The Amazon antitrust lawsuit is likely to be a long and arduous journey for the FTC

The Federal Trade Commission’s long-awaited antitrust lawsuit against Amazon is the most aggressive move it has taken yet to tame the market power of a company that’s become synonymous with online shopping and fast deliveries

The Independent UK

Amazon Stock Falls After Massive FTC Lawsuit Alleging Illegal Monopoly

The Federal Trade Commission sued Amazon, alleging the tech giant uses its market power to inflate prices and overcharge competitors.

Investors Business Daily

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Amazon sued by FTC and 17 states over allegations it inflates online prices and overcharges sellers

The Federal Trade Commission and 17 state attorney generals filed an antitrust lawsuit against Amazon on Tuesday, alleging the e-commerce behemoth uses its position in the marketplace to inflate prices on other platforms, overcharge sellers and stifle competition

The Independent UK

Kimberly Palmer: How to stay safe from financial scams

While there’s no way to guarantee you’ll completely avoid financial scams, there are steps you can take to reduce your chances of falling for one

The Independent UK

She ‘ruined’ her sister-in-law’s bachelorette party to avoid ‘scammers’. Who was in the wrong?

‘While I felt a bit bad about ruining her night, I did not feel bad about standing up to a scammer at all,’ she says

The Independent UK

People are defending a woman after she ‘ruined’ future sister-in-law’s bachelorette party to avoid ‘scammers’

‘While I felt a bit bad about ruining her night, I did not feel bad about standing up to a scammer at all,’ she says

The Independent UK

Consumers need protection from ChatGPT and other AI models

The Federal Trade Commission investigation of ChatGPT maker OpenAI is looking into issues such as the risk of data privacy breaches and errors created by artificial intelligence models.

Chicago Sun-Times

FTC investigating ChatGPT over potential consumer harm

ChatGPT sees its first hint of regulation as the federal agency requests documentation about its business practices.

WEKU

Microsoft News: FTC Probes Open AI's ChatGPT And Appeals Activision Ruling

The Federal Trade Commission is investigating the ChatGPT artificial intelligence system of OpenAI, whose biggest investor is Microsoft.

Investors Business Daily

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The Independent UK

Twitter seeks end to US oversight of data use as FTC's Lina Kahn goes before House committee

Twitter wants a federal court to end an order imposed by the Federal Trade Commission that limits its data security practices

The Independent UK

House Republicans set to interrogate FTC's Khan over ethics, antitrust issues

House Republicans who say the Federal Trade Commission has been overzealous and politicized under President Joe Biden are set to interrogate agency head Lina Khan on Thursday

The Independent UK

Tax prep firms shared private data from millions of customers with Meta and Google, lawmakers say

Potential breach of taxpayers’ incomes, tax refund and personal information should be ‘immediately’ investigated, congressional investigation urges

Investors Business Daily

Activision Stock Jumps As U.S. Judge Clears Hurdle To Microsoft Buyout

Activision Blizzard shares rocketed after a court allowed Microsoft to proceed with its acquisition of the video game publisher.

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The Texas Tribune

As veteran disability claims soar, unaccredited coaches profit off frustration with VA system

Austin-based VA Claims Insider says it has helped hundreds of thousands of clients. It has also touched off complaints and investigations.

The Independent UK

Bogus online reviews are targeted by US regulators with new, proposed bans

The Federal Trade Commission on Friday proposed a new rule that would ban paying for reviews, suppressing honest reviews, selling fake social media engagement and more

Inverse

Sonys’ Project Q Handheld Could Be Priced at Under $300

Some info about Sony’s upcoming gaming handheld surfaced in Microsoft’s ongoing trial with the Federal Trade Commission.

Windows Central

The FTC argues that Xbox-exclusive content would be bad, ignoring that PlayStation has had it for years

The FTC says it's worried Microsoft will make Xbox-exclusive skins if it acquires ABK. How ironic.

Reason

The Federal Trade Commission's Latest Frivolous Antitrust Suit Takes Aim at Amazon

Plus: Texas’ new anti-porn law, Biden meets with A.I. critics, and more...

The Independent UK

FTC accuses Amazon of enrolling consumers into Prime without consent and making it hard to cancel

The Federal Trade Commission sued Amazon on Wednesday for what it called a years-long effort to enroll consumers without consent into its Prime program and making it difficult for them to cancel their subscriptions

Los Angeles Times

How Biden and Taylor Swift beat Ticketmaster

WASHINGTON — Ticketmaster, the country’s largest ticket seller, will begin disclosing fees up front after angry Taylor Swift fans demanded change and the Federal Trade Commission proposed new regulations.

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Jacqueline Scott Corley

From analysis to the latest developments in health,
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