The Latest Breaking News from FTC

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

The Guardian - UK · Jun 4, 2022

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.

Reason · Jun 1, 2022

Twitter To Settle Complaint Alleging It Used User Phone Numbers To Target Ads For $150M

Twitter Inc (NYSE: TWTR) will pay $150 million in civil penalties after the social media platform settled a complaint that alleged that the company used its members’ email addresses and phone numbers to target them with advertisements.

Benzinga · May 26, 2022

Washington Attorney General Indicts Meta's Mark Zuckerberg For Alleged Role In Cambridge Analytica Scandal

The attorney general for Washington, D.C., charged Meta Platforms Inc (NASDAQ:FB) Facebook founder Mark Zuckerberg for allegedly participating in decision-making that led to the Cambridge Analytica data breach, the Wall Street Journal reports. The evidence shows Zuckerberg was personally involved in Facebook’s failure to protect the privacy and data of its users leading…

Benzinga · May 24, 2022

Larry Summers' new inflation target: Biden's "hipster" antitrust policies

Larry Summers is criticizing BIden's antitrust police on inflation, including the FTC and DoJ.

Axios · May 24, 2022

Banning 'Unconscionable Excessive' Gas Prices Is Risky Economic Nonsense

Democrats are trying to inject a political solution into an economic problem.

Reason · May 20, 2022

House approves bill to take aim at gasoline 'price gouging'

A closely divided House has approved legislation to crack down on alleged price gouging by oil companies as prices at the pump continue to soar

The Independent UK · May 19, 2022

FTC to set its sights on ed tech companies

The commission prepares to take action against companies seen as using "surveillance" on kids.

Axios · May 19, 2022

Senators seek FTC probe of IRS provider ID.me selfie technology

A group of Democratic senators has asked the Federal Trade Commission to investigate whether identity verification company ID.me illegally misled consumers and government agencies over its use of controversial facial recognition software.

Tribune News Service · May 18, 2022

Elizabeth Warren Introduces Price-Gouging Bill That Fails To Define What Qualifies as Price Gouging

The bill would penalize companies for price gouging during times of war, public health emergencies, or natural disasters—which would have encompassed all of the last two years.

Reason · May 13, 2022