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The Latest Breaking News from The Federal Trade Commission

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

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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

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

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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

The Independent UK

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 Texas Tribune

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

The Independent UK

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.

Inverse

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.

Windows Central

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...

Reason

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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.

The Independent UK

Microsoft's planned Activision Blizzard merger temporarily blocked by US judge

A federal judge has temporarily blocked Microsoft’s planned $69 billion purchase of video game company Activision Blizzard

The Independent UK

FTC sues to block Microsoft's takeover of video game maker Activision Blizzard

The Federal Trade Commission has sued to block Microsoft from completing its deal to buy video game company Activision Blizzard, the latest antitrust challenge to the proposed merger but one that could hasten its conclusion

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The Guardian - UK

Signal’s Meredith Whittaker: ‘These are the people who could actually pause AI if they wanted to’

The president of the not-for-profit messaging app on how she believes existential warnings about AI allow big tech to entrench their power, and why the online safety bill may be unworkable

Zenger

Amazon Agrees To Pay Over $30M To Settle Alexa, Ring Spying Claims Despite Disagreement With FTC

In a shocking revelation, the FTC unveiled a disturbing privacy scandal involving Amazon’s Ring doorbell camera unit.

WEKU

Amazon must pay over $30 million over claims it invaded privacy with Ring and Alexa

The Federal Trade Commission has accused the online retailer of harboring children's data even when parents request it to be deleted, as well giving its Ring employees access to users' videos.

Daily Mirror

Amazon’s Ring to pay $5.8m fine over claims it gave employees full access to videos

The FTC alleges Amazon's Ring shared videos from customer's doorbell cameras with Ukraine-based third-party companies and to all employees, allowing them to share the content too

Tribune News Service

Accused seller of ‘sham’ health insurance paid $100 million for consumer refunds before seeking bankruptcy protection

A Tampa, Florida-based health insurance distributor accused by the Federal Trade Commission of misleading consumers into buying “sham” health insurance plans has filed for Chapter 11 bankruptcy protection.

Tribune News Service

A more aggressive FTC is starting to target drug mergers and industry middlemen

Under the leadership of an aggressive opponent of anti-competitive business practices, the Federal Trade Commission is moving against drug companies and industry middlemen as part of the Biden administration’s push for lower drug prices at the pharmacy counter.

Salon

FTC watchdogs are coming for Facebook

Accused of breaking its $5 billion promise, Facebook is on the backfoot

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People

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