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The Latest Breaking News from The Federal Trade Commission

Tax prep firms shared private data from millions of customers with Meta and Google, lawmakers say

Potential breach of taxpayers’ incomes, tax refund and personal information should be ‘immediately’ investigated, congressional investigation urges

The Independent UK

Activision Stock Jumps As U.S. Judge Clears Hurdle To Microsoft Buyout

Activision Blizzard shares rocketed after a court allowed Microsoft to proceed with its acquisition of the video game publisher.

Investors Business Daily

As veteran disability claims soar, unaccredited coaches profit off frustration with VA system

Austin-based VA Claims Insider says it has helped hundreds of thousands of clients. It has also touched off complaints and investigations.

The Texas Tribune

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Bogus online reviews are targeted by US regulators with new, proposed bans

The Federal Trade Commission on Friday proposed a new rule that would ban paying for reviews, suppressing honest reviews, selling fake social media engagement and more

The Independent UK

Sonys’ Project Q Handheld Could Be Priced at Under $300

Some info about Sony’s upcoming gaming handheld surfaced in Microsoft’s ongoing trial with the Federal Trade Commission.

Inverse

The FTC argues that Xbox-exclusive content would be bad, ignoring that PlayStation has had it for years

The FTC says it's worried Microsoft will make Xbox-exclusive skins if it acquires ABK. How ironic.

Windows Central

The Federal Trade Commission's Latest Frivolous Antitrust Suit Takes Aim at Amazon

Plus: Texas’ new anti-porn law, Biden meets with A.I. critics, and more...

Reason

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FTC accuses Amazon of enrolling consumers into Prime without consent and making it hard to cancel

The Federal Trade Commission sued Amazon on Wednesday for what it called a years-long effort to enroll consumers without consent into its Prime program and making it difficult for them to cancel their subscriptions

The Independent UK

How Biden and Taylor Swift beat Ticketmaster

WASHINGTON — Ticketmaster, the country’s largest ticket seller, will begin disclosing fees up front after angry Taylor Swift fans demanded change and the Federal Trade Commission proposed new regulations.

Los Angeles Times

Microsoft's planned Activision Blizzard merger temporarily blocked by US judge

A federal judge has temporarily blocked Microsoft’s planned $69 billion purchase of video game company Activision Blizzard

The Independent UK

FTC sues to block Microsoft's takeover of video game maker Activision Blizzard

The Federal Trade Commission has sued to block Microsoft from completing its deal to buy video game company Activision Blizzard, the latest antitrust challenge to the proposed merger but one that could hasten its conclusion

The Independent UK

Signal’s Meredith Whittaker: ‘These are the people who could actually pause AI if they wanted to’

The president of the not-for-profit messaging app on how she believes existential warnings about AI allow big tech to entrench their power, and why the online safety bill may be unworkable

The Guardian - UK

Amazon Agrees To Pay Over $30M To Settle Alexa, Ring Spying Claims Despite Disagreement With FTC

In a shocking revelation, the FTC unveiled a disturbing privacy scandal involving Amazon’s Ring doorbell camera unit.

Zenger

Amazon must pay over $30 million over claims it invaded privacy with Ring and Alexa

The Federal Trade Commission has accused the online retailer of harboring children's data even when parents request it to be deleted, as well giving its Ring employees access to users' videos.

WEKU

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Daily Mirror

Amazon’s Ring to pay $5.8m fine over claims it gave employees full access to videos

The FTC alleges Amazon's Ring shared videos from customer's doorbell cameras with Ukraine-based third-party companies and to all employees, allowing them to share the content too

Tribune News Service

Accused seller of ‘sham’ health insurance paid $100 million for consumer refunds before seeking bankruptcy protection

A Tampa, Florida-based health insurance distributor accused by the Federal Trade Commission of misleading consumers into buying “sham” health insurance plans has filed for Chapter 11 bankruptcy protection.

Tribune News Service

A more aggressive FTC is starting to target drug mergers and industry middlemen

Under the leadership of an aggressive opponent of anti-competitive business practices, the Federal Trade Commission is moving against drug companies and industry middlemen as part of the Biden administration’s push for lower drug prices at the pharmacy counter.

AFP

US sues to block $28 bn Amgen biopharma acquisition

New York (AFP) - US regulators filed a lawsuit Tuesday to block biopharmaceutical firm Amgen's proposed $28 billion takeover of drug maker Horizon Therapeutics, saying the transaction would harm consumers.

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Salon

FTC watchdogs are coming for Facebook

Accused of breaking its $5 billion promise, Facebook is on the backfoot

The Street

Why the Kroger Merger Should Scare Amazon, Walmart, and Target

It's not creating fewer choices, it's creating another rival for Walmart, Target, Amazon, and Costco.

Roll Call

Lawmakers eye response as data brokers target ‘rural everlasting’ and ‘married sophisticates’ - Roll Call

Data brokers are riling up lawmakers by collecting personal data, including medical records, and using it to tailor marketing campaigns.

Reason

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.

WEKU

FTC aims to making cancelling recurring charges easier with Click to Cancel

NPR's Leila Fadel talks to Lina Khan, head of the Federal Trade Commission, about a rule the agency is proposing that would make it easier to cancel memberships and subscriptions.

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.

Chicago Sun-Times

Biden calls for scrutiny of gun makers marketing weapons to minors

A civil suit filed in last year’s Highland Park July 4th massacre asserts a gun company’s marketing influenced the alleged parade shooter.

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People

Jacqueline Scott Corley

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