Dec 05 Federal Trade Commission is investigating ExxonMobil’s $60 billion deal to acquire a Texas oil company By Matthew Daly, Associated Press Security filings show the Federal Trade Commission is investigating ExxonMobil's $60 billion deal to acquire a Texas oil company, potentially one the largest energy industry mergers in two decades. Continue reading
Oct 11 WATCH: Biden says the proposed FTC ban on junk fees will help families and ‘honest’ businesses By Josh Boak, Associated Press President Joe Biden on Wednesday announced a proposed rule by the Federal Trade Commission to ban any hidden and bogus junk fees, which can mask the total cost of concert tickets, hotel rooms and utility bills. Continue reading
Sep 27 Watch 6:02 Antitrust lawsuit accuses Amazon of harming consumers and small businesses By Geoff Bennett, Dorothy Hastings The Federal Trade Commission and 17 states brought a sweeping lawsuit against Amazon, accusing it of violating antitrust laws. It’s the federal government’s latest suit aimed at curbing the power of Big Tech. The FTC and states allege Amazon illegally… Continue watching
Jul 14 ChatGPT company probed over consumer protection issues By David Hamilton, Associated Press The FTC's move represents the most significant regulatory threat so far to the nascent but fast-growing AI industry. Continue reading
Jun 21 FTC sues Amazon, alleges enrollment of consumers in Prime membership without consent By Haleluya Hadero, Associated Press It also alleged the company’s leadership slowed or rejected changes that made canceling the subscription easier. Continue reading
Jun 01 Amazon to pay $31 million in fines for Alexa voice assistant and Ring camera privacy violations By Associated Press Amazon has agreed to pay a $25 million civil penalty to settle Federal Trade Commission allegations it violated a child privacy law and deceived parents by keeping for years kids' voice and location data recorded by its Alexa voice assistant. Continue reading
Jan 05 Watch 4:53 Federal Trade Commission proposes ban on noncompete clauses The Federal Trade Commission proposed banning noncompete clauses that prevent workers from switching employers or starting a new business. About one in five Americans, approximately 30 million people, are affected by these policies. The FTC will accept public comments for… Continue watching
Dec 19 Fortnite maker Epic Games to settle FTC case, pay $520 million in penalties and refunds By Associated Press Video game company Epic Games is paying a total of $520 million in penalties and refunds to settle complaints involving children's privacy and methods that tricked players into making purchases. Continue reading
Aug 29 Walmart seeks to dismiss FTC lawsuit over money transfers used by scam artists By Anne D'Innocenzio, Associated Press Walmart has filed a motion to dismiss a lawsuit by the Federal Trade Commission that accuses the retailer of allowing its money-transfer services to be used by scam artists. Continue reading
Jul 27 FTC aims to block Meta from buying VR company, fitness app By Marcy Gordon, Associated Press Federal regulators have taken legal action to block Facebook parent Meta and its CEO Mark Zuckerberg from acquiring virtual reality company Within Unlimited and its fitness app Supernatural. Continue reading