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The Latest Breaking News from FTC

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…

Benzinga

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

The Independent UK

Senators urge FTC probe of data tracking in the wake of Roe overturn

The letter, sent by four Democratic senators, asks the FTC to consider how Apple and Google have fostered this harmful data-collection industry.

Input

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Harley-Davidson Ordered To Honor Right-To-Repair Rules By The FTC

The U.S. Federal Trade Commission ordered the Motor Company to honor customer right-to-repair laws, change warranty language, and notify customers of rights.

RideApart

Chile workers end strike at world's largest copper producer

Santiago (AFP) - Workers at Chile's state mining company Codelco, the world's largest copper producer, called off an open-ended strike Thursday after reaching agreement with the government.

AFP

Fix the Hog: Harley, Westinghouse ordered to fix warranties

Federal regulators have accused Harley-Davidson and Westinghouse of imposing illegal warranty terms on customers and ordered them to fix their warranties and ensure that their dealers compete fairly with independent repair-makers

The Independent UK

Workers strike at world's largest copper producer, Chile's Codelco

Santiago (AFP) - Workers at Chile's state mining company Codelco, the largest producer of copper in the world, went on an "indefinite" strike on Wednesday, unions said, protesting the closure of a foundry in one of the country's most polluted regions.

AFP

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Oz profits from insulin price gougers

Mehmet Oz specifically called out UnitedHealth and CVS for soaring prices — but he's heavily invested in both

Salon

Activision Blizzard's Independent Board Gives Its Officers Clean Chit Against Denial Of Harassment Claims

Activision Blizzard, Inc's (NASDAQ:ATVI) Workplace Responsibility Committee of independent directors dismissed allegations of rebuttal of gender harassment claims by senior officials as alleged by different media reports. The gaming giant acknowledged some substantiated instances of gender harassment. However, it denied awareness and tolerance of harassment by the officials. Also Read: Activision Blizzard Registers 22% Revenue…

Benzinga

Trade Associations, Chamber of Commerce Warn of Danger in Data Privacy Bill

Plus: Purity politics, the end of the "millennial consumer subsidy," an unhappy outcome for folks seeking to free Happy the elephant, and more...

Reason

Morning Brief: Top Financial Stories Dominating on Wednesday, June 15

Reuters Warner Bros Discovery To Undergo Major Global Ad Sales Team Restructuring

Benzinga

Softbank-Backed Mental Health Startup Cerebral Under FTC Scrutiny: WSJ

The Federal Trade Commission (FTC) has begun investigating mental-health startup Cerebral Inc on its potential engagement in unfair practices related to advertising or marketing of services.

Benzinga

New York City Toddlers Can Finally Take Off Their Masks

Plus: trans teens, trouble at the FTC, and more...

Reason

Conservative bench's new war on federal regulatory agencies

The right is getting ready to rein in regulators' powers just as the Biden administration is starting to flex them.

Axios

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Tribune News Service

Federal regulators probe Cigna’s pharmacy benefit manager, CVS Caremark, and others. What are they investigating?

Express Scripts, the pharmacy benefit manager that Cigna Corp. bought in 2018, is being investigated by the Federal Trade Commission for what regulators claim is influence over drug prices wielded by pharmacy benefit managers and transparent business practices.

Benzinga

FTC Says Concerns Around Tesla's Autopilot On Its Radar, Does Not Confirm Or Deny Probe: Report

Tesla Inc’s (NASDAQ: TSLA) full self driving system, known as Autopilot, is a subject of focus and on the Federal Trade Commission's radar, Reuters

The Independent UK

FTC Chair Khan plans key work on kids' data privacy online

The head of the Federal Trade Commission says the agency is pushing a robust agenda of actions and policies to help safeguard children’s privacy online

Axios

FTC's new stance: Litigate, don't negotiate

Agency head Lina Khan says she'll sue to stop anticompetitive mergers rather than negotiate settlements.

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The Independent UK

FTC plans inquiry into pharmacy benefit manager practices

The Federal Trade Commission is starting an inquiry into the operations of pharmacy benefit managers who control access to prescription drugs for millions of Americans

Benzinga

The Growing Legal Risks of ESG

By George Boychuk

Mic

$1 billion went down the drain in crypto scams last year

And that’s likely just the tip of the iceberg.

Benzinga

Social Media And Crypto a Combustible Combination for Fraud: FTC Report

Social media and cryptocurrencies are a combustible combination for fraud, with nearly half the people who reported losing crypto to a scam since 2021 saying it started with an advertisement, post, or message on a social media platform, according to a report by the US Federal Trade Commission (FTC).

The Street

Crypto: 46,000 People Lost $1 Billion to Cons in 15 Months

Scammers are taking advantage of the crypto craze to line their pockets, FTC says.

The Guardian - UK

Why your ability to repair a tractor could also be a matter of life and death

US farmers’ struggles for the right to fix their own, now highly computer-controlled equipment, have implications for us all

Reason

Biden Says Fighting Inflation Is His Top Economic Priority. His Antitrust Policy Would Make Inflation Worse.

Attacking big firms just for being big could drive up prices.

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