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The Latest Breaking News from FTC

Biden's Antitrust Crackdown Stifled Innovation

Antitrust scrutiny of startup acquisitions led to fewer deals and less venture capital funding.

Reason

Renters need to watch out for hidden junk fees

The FTC and the State of Colorado recently sued a prominent property management company, alleging hidden fees added on top of the publicly advertised monthly rent.

Fortune

The Feds Just Sued a Major OEM Over Right to Repair, Is It A Big Deal?

If you're a DIY enthusiast, then chances are excellent that you know exactly how satisfying it is to successfully do things yourself. Whether it's repairing a small electronic device yourself, soldering a circuit board, or even changing out a faucet in your kitchen or bathroom, there's a special sense of…

RideApart

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read the most diverse news in one place.

Genshin Impact Gets $20 Million Fine Over Deceptive Game Practices Towards Kids, Teens

Some of the allegations FTC put forward in their report included aggressively marketing the game to minors and obtaining personal data from them.

International Business Times UK

'It's Out of Control': UnitedHealth Group and Peers Charged Americans 1000% More for Drugs

FTC stated that the 'Big 3' PBM organisations collectively generated over £5.94 billion ($7.3 billion) in revenue from 2017 to 2022.

International Business Times UK

Trump's Big Tech turnaround

The scene signaled that the industry Trump once called “dividing and divisive” is now in his good graces

Salon

Trump has promised to 'knock out' pharmacy benefit managers. How the drug middlemen became a $557 billion industry that its customers love to hate

The industry says it keeps down the cost of prescription drugs, but critics say it's profiting at the expense of patients.

Fortune

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Pepsi Suffers the Wrath of (Lina) Khan

Outgoing FTC Chair Lina Khan sues Pepsi for violating Robinson-Patman Act.

Reason

'Genshin Impact' Dev Cognosphere Ordered To Pay $20 Million in Relation to FTC Charges

Genshin Impact developer Cognosphere agreed to pay a $20 million settlement with the Federal Trade Commission over a number of charges.

Player One

Lina Khan’s legacy could prove to be fragile as Trump pick takes helm of FTC

Outgoing agency head was a determined antitrust enforcer during her tenure, but some detractors say she was a bully with unchecked power

The Guardian - US

The FTC is concerned about Big Tech-AI startup partnerships — Microsoft-Open AI raises alarms

The FTC warns that multi-billion-dollar partnerships between Big Tech and AI startups could lead to the monopolization of the AI and cloud computing sectors.

Tom’s Hardware

FTC says Genshin Impact 'deceived children' and orders its publisher to pay a $20 million fine and stop selling loot boxes to kids

The FTC says "Genshin Impact deceived children, teens, and other players into spending hundreds of dollars on prizes they stood little chance of winning."

PC Gamer

SEC enforcement blitz targets 7 financial firms as Biden administration winds down

The SEC disclosed 7 actions against alleged misbehavior with only three days left for the Biden administration.

Fortune

Caught secretly selling car owners’ driving data, General Motors slapped with a hefty ban by Lina Khan’s FTC

The U.S. carmaker had been harvesting drivers' data that was of particular value for insurers keen on better assessing the risk posed by policyholders.

Fortune

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The Independent UK

US lawsuit accuses Pepsi company of price discrimination that favored Walmart over smaller stores

A lawsuit filed by the Federal Trade Commission alleges that food and beverage maker PepsiCo engaged in illegal price discrimination by giving unfair price advantages to one big-box retailer

Motor1

Feds Ban General Motors from Selling Your Data

The US Federal Trade Commission has banned General Motors from selling sensitive driver data. The agency alleges that the automaker and its OnStar service collected and sold precious geolocation and driving behavior data without obtaining proper consent, and now it can’t sell it to consumer reporting agencies for five years.

Salon

Cash advance apps: The new loan sharks?

The Federal Trade Commission has cracked down on the apps, saying they mislead consumers

Reason

Regulation, Prohibition, and Litigation: Joe Biden's Busy Lame-Duck Period

Why should an unpopular president shape so much policy on his way out?

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Fortune

Trump’s impact on M&A: Part chaos, part back-to-business, all action

Bankers see scope for 2025 to unlock the pent-up M&A pipeline

The Independent UK

FTC sues Greystar, saying the property manager used hidden fees to swindle renters out of millions

The U.S. Federal Trade Commission has filed a lawsuit accusing property management company Greystar of swindling renters across the country out of at least $100 million using hidden fees

TechRadar

Millions of hotel users see personal info checked out in huge data leak

A dataset containing the information of 24 million hotel users was discovered unsecured online.

TechRadar

GoDaddy told to up security practices by FTC

GoDaddy has reached an agreement with the FTC after receiving formal complaint surrounding its security practices.

PC Gamer

$1 million in refunds are on their way to those who picked up Razer's not-actually-N95 Zephyr mask

Mask off.

The Independent UK

FTC sues Deere & Co. for monopolizing farm-equipment repair market

The Federal Trade Commission is accusing Deere & Co. of unfairly monopolizing the farm-equipment repair market

Fortune

UnitedHealth, employer of slain exec Brian Thompson, found to have overcharged cancer patients for drugs by over 1,000%

The report is the latest indictment of America’s broken healthcare system.

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