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The Latest Breaking News from Federal Trade Commission

A $4 billion payout: In Albertsons' sale, where is the grocery workers' cut?

If the Federal Trade Commission clears grocery giant Albertsons' $20 billion sale to Kroger on schedule next month, the private-equity investors who control this collection of U.S. grocery and drug store chains will have squeezed out profits nine times larger than what they invested since 2006.

The Philadelphia Inquirer

Checks and Balances, October 2022: Biden administration codifies DACA

The Checks and Balances Letter delivers news and information from Ballotpedia’s Administrative State Project, including pivotal actions at the federal and state levels related to the separation of powers, due process, and the rule of law.

Ballotpedia

Ex-Uber chief security officer pleads guilty to covering up 2016 data breach

SAN FRANCISCO – The ex-chief security officer of Uber Technologies Inc. has been convicted of covering up a 2016 data breach involving 57 million of the San Francisco-based ride-hailing company’s users, according to the U.S. Attorney’s Office.

Tribune News Service

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Uber’s former security chief covered up enormous hack he said ‘did not exist’

‘The story outside of the security group was to be that “this investigation does not exist”’, Joseph Sullivan told subordinates

The Independent UK

Facing federal PPP fraud investigations, online lender Kabbage files for bankruptcy

Online lender Kabbage was one of the biggest lenders in the first year of the Paycheck Protection Program, processing more than $7 billion in loans.

McClatchy Washington Bureau

Senators push to reform police's cellphone tracking tools

Civil rights lawyers and Democratic senators are pushing for legislation that would limit U.S. law enforcement agencies’ ability to buy cellphone tracking tools to follow people’s whereabouts, including back years in time, and sometimes without a search warrant

The Independent UK

FTC reviewing Amazon's $1.7 billion deal to buy iRobot

The Federal Trade Commission is investigating Amazon’s $1.7 billion acquisition of iRobot

The Independent UK

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Citizens Beware: Online Scams Spreading Like Wildfire

The number of people hit by online scams soared more than 100% to 847,376 last year from 467,361 in 2019.

The Street

The Federal Trade Commission vs. the Internet

Data collection is not the same as surveillance.

Reason

Credit Karma will pay $3 million to users targeted with false preapproved offers

The FTC order came after nearly a third of Credit Karma users who were told they qualified for preapproved credit card offers were actually turned down, wasting their time and hurting credit scores.

WEKU

FTC investigating Amazon's $3.9B purchase of One Medical

The Federal Trade Commission is investigating Amazon’s $3.9 billion acquisition of the primary health organization One Medical, a move that could delay the completion of the deal

The Independent UK

FTC lawsuit spotlights a major privacy risk: From call records to sensors, your phone reveals more about you than you think

The Federal Trade Commission filed suit against Kochava Inc. on Aug. 29, 2022, accusing the data broker of selling geolocation data from hundreds of millions of mobile devices. Consumers are often unaware that their location data is being sold and that their past movements can be tracked, according to the…

The Conversation

Walmart seeks to dismiss lawsuit by FTC over money transfers

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

The Independent UK

Twitter’s whistleblower has pitched up at a very inconvenient moment

A long and detailed complaint about lax practices by the social media firm’s former security chief must be music to Elon Musk’s ears

The Guardian - UK

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Tribune News Service

Twitter whistle-blower will be star witness in Congress

WASHINGTON — The Senate Judiciary Committee will hold a hearing featuring testimony from Twitter whistle-blower Peiter “Mudge” Zatko on Sept. 13, the panel’s leaders announced on Wednesday.

Benzinga

Taking Care Of Cannabis Consumers, Federal Trade Commission Issues Refunds To CBD Buyers, Here's Why

Recently, the Federal Trade Commission (FTC) announced that it will send payments to 576 consumers across the country who purchased 'deceptively marketed' cannabidiol (CBD) products from Arizona-based Kushly Industries LLC.

Tribune News Service

FTC’s Khan overruled staff to sue Meta over VR app deal

Federal Trade Commission Chair Lina Khan led her fellow Democrats in the agency’s majority vote to sue Meta Platforms Inc. this week, despite the staff recommending against bringing a case to challenge the company’s acquisition of Within Unlimited Inc., according to three people with knowledge of the decision.

AFP

US regulators move to block Meta virtual reality app deal

San Francisco (AFP) - US market regulators on Wednesday went to court in an effort to stop Facebook-owner Meta from buying virtual reality fitness app maker Within, a potential blow to the tech giant's metaverse ambitions.

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Tribune News Service

Biden’s FTC has blocked 4 hospital mergers and is poised to thwart more consolidation attempts

Fresh off the Federal Trade Commission’s successful challenges to four hospital mergers, the Biden administration’s new majority on the commission is primed to more aggressively combat consolidation in the health care industry than it has in past years.

WEKU

The FTC sues Walmart for failing to block scammers' money transfers

The Federal Trade Commission says Walmart didn't properly train its employees and used procedures that allowed fraudsters to cash out at its stores, stealing hundreds of millions of dollars.

Tribune News Service

Gas price gouging focus of new ads backing House Democrats

WASHINGTON — Heading into the July Fourth weekend, a policy group supporting House Democrats is launching $1.7 million in new ads calling on the Senate to take up House-passed legislation designed to combat potential gas price gouging.

Roll Call

Gas price gouging focus of new ads backing House Democrats - Roll Call

A group supporting House Democrats is launching new ads calling on the Senate to take up legislation to combat potential gas price gouging.

Benzinga

FTC Sues Walmart For Allowing Scammers Use Money-Transfer Services

The Federal Trade Commission has sued Walmart Inc (NYSE:WMT), alleging that the retail giant allowed its money-transfer services to facilitate fraud. According to the complaint, the company did not properly train its employees, failed to warn customers, and used procedures that allowed fraudsters to cash out at its stores. The financial services offered…

The Independent UK

FTC sues Walmart for scammers' use of money transfer unit

The Federal Trade Commission says it has sued Walmart for allowing its money transfer services to be used by scam artists who the agency says fleeced hundreds of millions of dollars from consumers

Sports Illustrated

Former Washington Player Calls Dan Snyder ‘Poor Excuse’ for Human

Su’a Cravens added, “He’s ruined so many careers and made life difficult for so many that did no wrong. Karma really comes full circle.”

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