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Posts Tagged ‘FTC’

Facebook fears no FTC fine

Reports emerged today that the FTC is considering a fine against Facebook that would be the largest ever from the agency. Even if it were 10 times the size of the largest, a $22.5 million bill sent to Google in 2012, the company would basically laugh it off. Facebook is made of money. But the ...

Consumer advocacy groups call on FTC to investigate kids’ apps on Google Play

A coalition of 22 consumer and public health advocacy groups, led by Campaign for a Commercial-Free Childhood (CCFC) and Center for Digital Democracy (CDD), have today filed a complaint with the Federal Trade Commission asking them to investigate and sanction Google for how its Google Play Store markets apps to children. The complaint states that ...

Top FTC official is so such a corporate shill that he has conflicts of interest for 100 companies, including Equifax and Facebook

Andrew Smith is Trump's chief of the FTC Consumer Protection Bureau, in charge of investigating companies that abuse Americans -- but he can't, because he has previously provided services for over 100 of America's largest companies, including Facebook, a whack of payday lenders, Amazon, American Airlines, Amex, BoA, Capital One, Citigroup, John Deere, Equifax, ...

Senators urge FTC to look into shady ad practices in apps for kids

For us jaded adults, the long-running trend towards making apps and games free to download but stuffing them with paid options is just an annoyance or perhaps a logical progression of the business model. But kids haven’t developed our cynicism and wariness of manipulation — and they’re getting targeted nevertheless. Several Senators have asked the ...

Wells Fargo: We can’t be sued for lying to shareholders because it was obvious we were lying

Wells Fargo has asked a court to block a shareholder lawsuit that seeks to punish the company for lying when it promised to promptly and completely disclose any new scandals; Wells Fargo claims that the promise was obvious "puffery," a legal concept the FTC has allowed to develop in which companies can be excused for ...

All the economists who told the FTC we shouldn’t break up Big Tech are paid by Big Tech

From the Open Markets Institute's Mat Stoller and Austin Frederick, who analyzed the FTC's panel, "The Current Economic Understanding of Multi-Sided Platforms," in which economic experts told the regulator that Big Tech's monopoly power just isn't a problem: "every single economist testifying on the issue of corporate concentration derived income, directly or indirectly, from ...

Linde says FTC’s Commissioners looking into merger

10.15.2018 · Posted in Business News Article

Industrial gases maker Linde said on Monday it had completed work with the staff of the U.S. Federal Trade Commission (FTC) on remedies to secure approval for the proposed merger with Praxair and that the package had been submitted to the FTC's Commi... ...

Government seizes fraudulent military recruitment sites

Individuals willing to lay down their lives—or at least risk them for the promise of steady employment—shouldn't have to put up with phony websites designed to snag and sell their personal information. It's an opinion that's apparently shar... ...

Definition Of A Third Party Collection Agency?

09.17.2009 · Posted in Business News Article

The phrase collection agency is commonly applied to third-party agencies, named that because they were not a party to the original contract. The creditor designates accounts directly to such an agency on a contingency-fee basis, which commonly initially costs nothing at first to the creditor or merchant, except for the cost of communications. This on ...