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Posts Tagged ‘FTC’

EFF’s roadmap for a 21st Century antitrust doctrine

40+ years ago, extremists from the Chicago School of Economics destroyed antitrust law, pushing a bizarre theory that the antitrust laws on America's books existed solely to prevent "consumer harm" in the form of higher prices; decades later, we live in a world dominated by monopolists who use their power to crush or swallow ...

TikTok gets fined $5.7 million for collecting children’s data, announces new kid-friendly version

02.27.2019 · Posted in Technology Articles

Success often comes at a price. For the company behind the video clip app TikTok, that price just so happens to be in the form of a record fine.  According to a Feb. 27 Federal Trade Commission statement, the app formerly known as Musical.ly ill... ...

FTC ruling sees Musical.ly (TikTok) fined $5.7M for violating children’s privacy law, app updated with age gate

A significant FTC ruling issued today will see video app TikTok fined $5.7 million for violating U.S. children’s privacy laws, and will impact how the app works for kids under the age of 13. In an app update being released today, all users will need to verify their age, and the under 13-year-olds will then ...

FTC fines company for fake Amazon reviews in first case of its kind

02.27.2019 · Posted in Technology Articles, Weight Loss Articles

The U.S. government is taking on fake Amazon reviews. On Tuesday, the Federal Trade Commission announced that it had reached a settlement in the agency’s first ever case against fraudulent Amazon reviews.  In the FTC’s complaint, it ... ...

FTC creates antitrust task force to monitor tech industry

The field of technology and the business practices within it tend to advance faster than regulators can keep up. But the FTC is making a concerted effort with a new 17-lawyer tech task force dedicated to ensuring "free and fair competition" and watching for anticompetitive conduct among technology companies. ...

FTC assembles new task force focused on the tech industry’s anti-competitive practices

02.26.2019 · Posted in Technology Articles

A new government task force has been assembled to monitor anti-competitive behavior in the tech industry. On Tuesday, the Federal Trade Commission (FTC) announced that its Bureau of Competition is forming a Technology Task Force dedicated to monitori... ...

FTC finalizes settlement with student loan refinancer SoFi over deceptive advertising

The FTC announced this morning its has approved the final consent order with online student loan refinancer SoFi, which resolves the allegations around the SoFi’s deceptive advertising practices. Last October, the FTC issued a complaint stating that SoFi had been misrepresenting how much money student loan borrowers could save in its online, TV and direct ...

Facebook might have to pay billions of dollars in fines to FTC for privacy violations

02.15.2019 · Posted in Technology Articles

Facebook may soon set a new record, just not the kind it likes to brag about. The social network is facing a multibillion-dollar fine from the Federal Trade Commission over privacy violations, according to a new report in The Washington Post. SEE ALS... ...

Facebook may face a record-setting multi-billion-dollar fine from the FTC

The Washington Post is reporting that Facebook’s row with the FTC could result in fines an order of magnitude larger than any levied against a tech company by the regulatory body before. While the talks appear to be ongoing, The Washington Post spoke with two people familiar with the situation who said the FTC is ...