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The Latest Breaking News from FTC

FTC says Americans lost $12 billion to scams last year and these were the worst ones — here's how to stay safe

Consumers lost billions last year, according to the new annual FTC report.

Tom’s Guide

FTC reverses its request for a delay in an Amazon trial, says it has resources to litigate the case

The Federal Trade Commission has walked back comments that a lack of resources is interfering with the agency’s ability to be ready for a September trial over Amazon’s Prime program

The Independent UK

A years-long scam that began with fake Windows pop-ups ends with PayPal payments

The Federal Trade Commission will pay more than $25.5 million to Windows users deceived by a scam that convinced them to buy so-called “computer repair” software.

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Fake jobs and phone calls: How Americans lost $12.5 bn to fraud in 2024

Americans lost $2.5 billion more money to scams in 2024 than the previous year.

TechRadar

Bill Gates Offloads 500K Microsoft And 2.48M Berkshire Hathaway Shares, Portfolio Shrinks By $2.93B In Q4

Bill Gates sold Microsoft and Berkshire Hathaway shares for the second consecutive quarter. Despite the massive sell-off, these two stocks remain his portfolio's top holdings.

International Business Times

Bill Gates Offloads 500K Microsoft and 2.48M Berkshire Hathaway Shares, Portfolio Shrinks by £2.31B in Q4

Bill Gates sold Microsoft and Berkshire Hathaway shares for the second consecutive quarter. Despite the massive sell-off, these two stocks remain his portfolio's top holdings.

International Business Times UK

Toll road scams are worse than ever — what to look for and how to stay safe

Toll road scam texts are on the rise, particularly in these five cities across the US. Here's how to spot the signs.

Tom’s Guide

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Trump’s FTC chair is looking to ‘combat inflation by making sure wages stay up’

The new head of the Federal Trade Commission, Andrew Ferguson, appears set to carry forward his predecessor Lina Khan’s torch and crack down on anti-worker policies and illegal mergers.

Fortune

Five simple tips to stop scam phone calls and robocalls

The calls have reached epidemic levels. Here’s how you can protect yourself

The Independent UK

Montana 'Abortion Trafficking' Bill Could Criminalize Crossing State Lines for an Abortion

Transporting "an unborn child" from Montana to another state "with the intent to obtain an abortion that is illegal" in Montana, or assisting anyone in doing so, would be illegal under House Bill 609.

Reason

The FTC Has No Business Trying To Make Sure Social Media Are 'Fair'

Chairman Andrew Ferguson’s assault on "Big Tech censorship" aims to override editorial decisions protected by the First Amendment.

Reason

Trump's Love-Hate Relationship With Big Tech

If Trump wants to encourage domestic investment, his antitrust appointees should ditch their Big Tech prejudice.

Reason

Meet the New FTC—Same as the Old FTC

Federal Trade Commission Chair Andrew Ferguson reaffirms the flawed 2023 merger guidelines.

Reason

Trump Admin To Press Ahead With Amazon, Meta Antitrust Cases

In an interview with FOX Business, newly appointed Federal Trade Commission (FTC) Chair Andrew Ferguson confirmed that ongoing cases against Amazon and Meta would proceed, emphasizing his commitment to "holding Big Tech's feet to the fire."

International Business Times

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inkl

Do US Expats Need to File Taxes? Here's What the IRS Requires

For many Americans living abroad, the question of whether they need to file US taxes can be confusing. Unlike most other countries, the United States taxes its citizens based on citizenship rather than residency.

Reason

FTC Chair Throws Stones in a Glass House

Federal Trade Commission Chair Andrew Ferguson hypocritically engages in the very partisanship for which he faults the American Bar Association.

The Guardian - US

Trump signs order making independent regulators answerable to White House

Executive power grab would affect Securities and Exchange Commission and Federal Trade Commission

Top News

Trump Administration To Reinstate Consumer Welfare Standard In Antitrust

Debate over antitrust enforcement in the US, focusing on Consumer Welfare Standard vs. Brandeisian Antitrust views.

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Reason

Trump Has Good Reason To Complain About Limits on His Ability To Fire Executive Officers

His position is grounded in concerns about the separation of powers that presidents of both major parties have raised for many years.

The Guardian - US

Parents are desperate to protect kids on social media. Why did the US let a safety bill die?

The Kids Online Safety act passed the Senate 91-to-3 but died in the House. Advocates on both sides say they won’t give up

PC Gamer

Indie FPS developer targets content creators who take undisclosed payments from rival developers and then dunk on his game: 'You and I will have legal problems'

"I'm tired of watching you all get paid off to do hit pieces on games that don't fork cash over for you."

Reason

FTC Bans Political Appointees From Being ABA Members

The ABA has been planting the seeds of its own demise for decades.

Reason

Trump Administration's Position on President's Power to Remove Commission Members

From the letter sent yesterday to Senator Richard Durbin (the ranking minority member on the Senate Judiciary Committee) by Acting… The post Trump Administration's Position on President's Power to Remove Commission Members appeared first on Reason.com.

International Business Times UK

FBI Warns Americans To Ignore 'Outstanding Toll Bill' Texts From Alleged Chinese Cybercriminals

FBI warns of smishing texts claiming unpaid tolls, likely from Chinese cybercriminals. These scams aim to steal money and data via malicious links.

TechRadar

Millions of phone location records feared leaked as one of the biggest data leaks ever may be a whole lot worse

The geo-location information of tens of millions of smartphones have been leaked, a fresh lawsuit alleges.

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