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The Latest Breaking News from FTC

Federal Trade Commission fines maker of Nature's Bounty vitamins for 'review hijacking'

The Bountiful Company was ordered to pay $600,000 in fines.

Fortune

Twitter's ex-CEO and other execs fired by Musk sue platform over unpaid legal fees

The lawsuit says this includes payments to cover counsel for probes by the DOJ and SEC.

Axios

It sounds like science fiction but it’s not: AI can financially destroy your business

Scammers last year stole about $11m from unsuspecting consumers by fabricating the voices of loved ones, doctors and attorneys requesting money

The Guardian - US

From analysis to the latest developments in health,
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Don't Give the Federal Trade Commission a Big Budget Just To Punish Big Firms

FTC Chair Lina Khan has an agenda that's against big companies, not for consumer well-being.

Reason

No, the IRS isn't calling you. It isn't texting or emailing you, either

Since 2018, over 75,000 victims have lost $28 million to IRS imposters over the phone, email, texts and more. Here's how the IRS actually contacts taxpayers and how you can spot imposters.

WEKU

FTC Orders Biotech Illumina To Unwind Grail Deal Amid Icahn Battle

The FTC ordered Monday that biotech firm Illumina must unwind its $8 billion purchase of the cancer-testing startup Grail. ILMN stock fell on the news.

Investors Business Daily

Former FTC chair urges agency not to tarnish a bipartisan legacy from Reagan to Obama: ‘We can’t ignore the last 40 years of antitrust based on protecting consumers’

Fromer FTC chair and law professor Timothy J. Muris critiques the FTC's new enforcement approach for breaking with precedent.

Fortune

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Study: Around the World, Internet Use Linked to Greater Well-Being

Plus: Tennessee drag law halted, the FTC's proposed ban on negative option marketing, and more...

Reason

Feds Want to Penalize Overly Complicated Subscription Cancellations at $50,000 a Pop

A government big enough to "solve" your minor irritants will do plenty of other stuff you don't like.

Reason

Crack down on OpenAI's ChatGPT now, groups urge U.S. and EU regulators

There's suddenly a coordinated pushback against A.I.'s rapid development.

Fortune

Robocall relief? FTC announces lifetime ban for auto warranty telemarketers

Consumers across the United States might not be getting as many of those annoying “warranty services” robocalls now that a South Florida network of businesses agreed to a lifetime ban.

Tribune News Service

Banning noncompetes for medical staff

Eliminating noncompete contracts would allow doctors to practice wherever their services are needed

Salon

TechScape: How the world is turning against social media

France has banned not only TikTok from government phones, but Facebook and Twitter, too. Could this be a tipping point for big tech? Plus, AI-generated pictures of the pope signal a new type of viral image

The Guardian - UK

Yet another major regulator has ruled in favor of the Xbox, Activision-Blizzard merger

Early this morning, Japan's Fair Trade Commission regulatory body seems to be in favor of Microsoft going ahead with its Activision-Blizzard merger.

Windows Central

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Tribune News Service

Banning noncompete contracts for medical staff riles hospitals

Dr. Jacqui O’Kane took a job with a hospital in southern Georgia in 2020, as the lone doctor in a primary care clinic in a small town that’s a medically underserved area. She soon attracted nearly 3,000 patients.

Reason

China in the Bull Shop

Episode 450 of the Cyberlaw Podcast

The Independent UK

Privacy fears stymie government surveyors as responses dive

Response rates to federal surveys have been dropping in recent years due to growing public concern about privacy and online scams

Windows Central

UK regulator narrows concerns on Microsoft's Activision deal for Xbox

The regulator in the UK is no longer concerned about console gaming when considering Microsoft's purchase of Activision Blizzard.

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Tom’s Guide

Canceling Netflix and other subscriptions could get a lot easier — thanks to new FTC proposal

A new FTC proposal is aiming to make canceling a subscription as straightforward as signing up — this could impact everything from Netflix to Planet Fitness.

Windows Central

During trade talks with Japan, a U.S. senator called out PlayStation's 'monopoly,' defending Xbox

Now senators are getting involved in the big Xbox-PlayStation console war, this time as part of trade talks between the United States and Japan. Oh boy.

The Street

The FTC Just Announced a Solution to an Annoying Problem

It could become harder for companies to trick you into keeping a subscription you don't want.

The Guardian - US

FTC introduces proposal to make US subscriptions easier to cancel

Regulators plan to put an end to businesses ‘tricking’ customers into paying for services they no longer want

Fortune

Can't get out of that gym membership? The FTC has proposed rules to make it a lot easier

‘Click to cancel’ rule could save consumers plenty of headaches.

WEKU

Still trying to quit that gym membership? The FTC is proposing a rule that could help

The Federal Trade Commission gets thousands of complaints a year from customers trapped in memberships they don't want. Its "Click to Cancel" proposal aims to change that, Chair Lina Khan tells NPR.

Fortune

'It sucks': Doctors forced to move hundreds of miles by noncompetes are praying the FTC ends them once and for all

Business and hospital groups are likely to sue to block the FTC's proposed rule, meanwhile.

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