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The Latest Breaking News from FTC

Rite Aid Banned from Facial Recognition Tech Over Alleged Bias

Rite Aid banned from using facial recognition due to alleged misidentification of shoplifters. FTC settlement reached, but Rite Aid disagrees with claims.

Top News

Rite Aid banned from using facial recognition technology in stores for five years

Rite Aid has been banned from using facial recognition technology for five years over allegations that a surveillance system it used incorrectly identified potential shoplifters, especially Black, Latino, Asian or female shoppers

The Independent UK

Rite Aid 'left its customers facing humiliation,' says FTC as it hits chain with five-year facial-recognition ban

Rite Aid, which has already gone bankrupt partly due to opioid claims, accepted the ban under an FTC settlement.

Fortune

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US Bans Pharmacy Rite Aid From Facial Recognition Use

Pharmacy group Rite Aid was ordered Tuesday to stop using facial recognition for the next five years by a US regulator, which said the company falsely identified consumers as shoplifters using the technology.

International Business Times

OpenAI sneaks out website update, no longer lists Microsoft as minority owner

At some point this month, OpenAI stopped listing Microsoft as a minority owner. Instead, the organization's website now lists Microsoft as having a minority economic interest. Here's what that means.

Windows Central

Fraud is a problem so big we need to start teaching children how to spot it in schools

Have you or someone you know been a victim of fraud? If so, that’s not unusual.

The Conversation

Adobe’s controversial cancellation policy under FTC investigation

The company could face serious fines.

Creative Bloq

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Upsetting the Apple cart? The FTC is investigating Adobe’s subscription cancellation practices

The U.S. government agency wants to ensure companies provide consumers with an easy way to cancel digital subscriptions

iMore

QR Code Scams: What To Know Before You Scan That Little Box

Scammers are using these ubiquitous codes to steal your information, according to a new report.

Kiplinger

QR code scams put personal data at risk, FTC warns

Some of the ways scammers have used QR codes are by placing fraudulent QR codes on parking meters or by posing as legitimate businesses.

Chicago Sun-Times

A new federal rule is about to make car buying a lot less expensive

A trip to the dealership is about to become less intimidating for consumers.

The Street

New CARS Rule Could Help You Save Time (And Money) At Dealerships

The CARS rule aims to protect consumers from 'bait-and-switch' tactics and junk fees when vehicle shopping.

Kiplinger

Shady Dealership Upcharges Are Now Illegal

The FTC finalized the rule it proposed last year, cracking down on bogus fees. And NADA isn't happy about it.

Motor1

Toyota Slammed For 'Misleading' Public About EVs in FTC Complaint (Updated)

A firm has filed a public complaint with the U.S. Federal Trade Commission over Toyota's alleged "misleading" EV advertising practices.

InsideEVs

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Fortune

The FTC should embrace proactive problem-solving

The legal precedent would strongly discourage companies from trying to solve perceived problems with proposed transactions.

Reason

Adventures in AI alignment

Episode 485 of the Cyberlaw Podcast

Kiplinger

Credit Karma Claims Process Begins. Are You Owed Money?

Some Credit Karma users may be due payment as part of the company's $3 million settlement with the federal government.

The Street

QR codes may not be as safe as you think they are

The federal government is cracking down on a popular scam that has hit consumers where it hurts.

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USAFacts

How much does text message fraud cost Americans?

In 2022, most text fraud reports of financial loss involved less than $1,000 — but over 88,000 reports involved losses of more than $10,000.

The Street

Cigna surges on end to Humana merger talks, $10B addition to stock buyback

Cigna, while not naming smaller rival Humana, said it would consider only "bolt-on acquisitions" now that it's boosting its share-buyback plans by $10 billion.

The Independent UK

Amazon asks federal judge to dismiss the FTC's antitrust lawsuit against the company

Attorneys for Amazon have asked a federal judge to dismiss the Federal Trade Commission’s antitrust lawsuit against the e-commerce giant

The Independent UK

FTC opens inquiry of Chevron-Hess merger, marking second review this week of major oil industry deal

The Federal Trade Commission is investigating Chevron’s acquisition of Hess oil company, the second inquiry the independent agency has opened this week of a major oil industry merger

Windows Central

Microsoft vs. FTC II: The Wrath of Khan — the FTC once again comes for Microsoft, for gaming, and now AI too

The FTC will take a closer look to see if Microsoft and OpenAI violated antitrust laws. At this stage, the FTC has started preliminary inquiries but has not opened a formal investigation.

The Guardian - US

US senators introduce ‘fans first’ live-event ticketing reform bill

Bipartisan act aims to protect buyers from inflated pricing following Ticketmaster’s disastrous handling of Taylor Swift tour

Reason

What Elizabeth Warren's Fear of a 'Sandwich Shop Monopoly' Reveals About Democrats' Priorities

Should a federal government that is nearly $34 trillion in debt and can't manage basic operations be micromanaging fast-food business purchases?

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