The maker of the hit game Fortnite, EPIC Games, will pay the FTC a record $520 million to settle claims that it violated children’s privacy.
Tag: FTC
Supreme Court to Hear Cases that Could Make Challenges to FTC and SEC Easier
The United States Supreme Court will hear two cases that would make it easier to challenge the regulatory authority of the Federal Trade Commission and the Securities and Exchange Commission.
FTC Files Lawsuit Against Data Broker for Sale of Sensitive Geolocation Data
Federal regulators have filed a lawsuit against a data broker for allegedly selling sensitive geolocation data from millions of mobile devices, which can be used to identify people and track their movements to and from sensitive locations such as reproductive health clinics, homeless shelters, and places of worship. The Federal Trade Commission sued Kochava, based… Continue reading FTC Files Lawsuit Against Data Broker for Sale of Sensitive Geolocation Data
FTC to Increase Scrutiny of Pharmacy Benefit Managers Over Rebates, Fees
In a renewed effort to combat soaring healthcare costs and drug prices, the Federal Trade Commission (FTC) voted unanimously Thursday to increase scrutiny of pharmacy benefit managers, who act as middlemen between drug companies and consumers. The five-member commission, which includes two Republicans, voted to increase scrutiny of the discounts that pharmaceutical middlemen seek from… Continue reading FTC to Increase Scrutiny of Pharmacy Benefit Managers Over Rebates, Fees
Bitcoin Leads Crypto Fraud as FTC Confirms $1 Billion Milestone
According to a report released on Friday by the Federal Trade Commission, victims lost more than $1 billion in cryptocurrency scams between January 2021 and March 2022. Since the beginning of 2021, over 46,000 people have lost money due to cryptocurrency fraud, making it the leading source of payment scams. Bitcoin accounted for 70% of… Continue reading Bitcoin Leads Crypto Fraud as FTC Confirms $1 Billion Milestone
Facebook Hit with New Antitrust Suit from Federal Trade Commission
The Federal Trade Commission filed a new version of its antitrust lawsuit against Facebook Inc. on Thursday, seeking to jump-start its case with bolstered allegations that the company is abusing a monopoly position in social media. The FTC voted 3-2 along party lines to file the amended lawsuit, with Chairwoman Lina Khan participating in the… Continue reading Facebook Hit with New Antitrust Suit from Federal Trade Commission
FTC Sues Frontier Communications for Delivering Internet that’s Too Slow
The Federal Trade Commission and six states are suing Frontier Communications for not delivering the internet speeds it promised customers and charging them for better, more expensive service than they actually got. In its complaint, filed Wednesday in federal court in California, the FTC said thousands of Frontier customers have complained that the company was… Continue reading FTC Sues Frontier Communications for Delivering Internet that’s Too Slow
48 AGs, FTC Sue Facebook, Alleging Illegal Power Grabs to ‘Neutralize’ Rivals
The Federal Trade Commission and 48 attorneys general across the nation filed much-anticipated lawsuits against Facebook on Wednesday, accusing the social media giant of gobbling up competitive threats in a way that has entrenched its popular apps so deeply into the lives of billions of people that rivals can no longer put up a fight.… Continue reading 48 AGs, FTC Sue Facebook, Alleging Illegal Power Grabs to ‘Neutralize’ Rivals
Zoom to Get Closer Scrutiny Under FTC Settlement
The Federal Trade Commission said it had settled a case with Zoom Video Communications Inc. over how the videoconferencing platform that has enjoyed mass popularity during the pandemic handles user privacy. The FTC, in its complaint, alleged that Zoom for at least the past four years promised users a level of data encryption it didn’t provide.… Continue reading Zoom to Get Closer Scrutiny Under FTC Settlement
Facebook Agrees to Pay $5 Billion in FTC Settlement
Facebook Inc. agreed to pay a record $5 billion fine and better police its data-privacy practices to settle a long-running federal investigation that has damaged the company’s standing with consumers and clouded its future. Under the settlement, Facebook founder and CEO Mark Zuckerberg will be required to certify that the company is in compliance with… Continue reading Facebook Agrees to Pay $5 Billion in FTC Settlement