Federal Trade Commission (FTC) News

Microsoft’s OpenAI Investment Risks Scrutiny From US, UK Regulators

The US Federal Trade Commission is examining the nature of Microsoft Corp.’s investment in OpenAI Inc. and whether it may violate antitrust laws, according to a person familiar with the matter. The inquiries are preliminary and the agency hasn’t opened …

X Corp. Loses Fight to End FTC Privacy Oversight

X Corp. failed to persuade a federal judge to curb the US Federal Trade Commission’s close watch over the social media platform’s data privacy policies and block the agency from questioning company owner Elon Musk. US Magistrate Judge Thomas Hixson …

New FTC Court Filing: Amazon Made $1B Through Secret Price Algorithm

Amazon.com used a series of illegal strategies to boost profits at its online retail empire, including an algorithm that pushed up prices U.S. households paid by more than $1 billion, the U.S. Federal Trade Commission detailed in a new court …

Update: FTC Sues Amazon.com for Breaking Antitrust Law and Harming Consumers

The U.S. Federal Trade Commission filed a long-awaited antitrust lawsuit against Amazon.com on Tuesday and asked the court to consider forcing the online retailer to sell assets as the government accuses Big Tech of monopolizing the most lucrative parts of …

FTC Poised to Sue Amazon for Antitrust Violations

The Federal Trade Commission is expected to sue Amazon.com Inc. for antitrust violations next week, according to people familiar with the matter – marking the agency’s fourth swipe at the online retail giant this year. The lawsuit, expected to be …

FTC Wins Ruling in Deceptive Advertising Case Against Intuit

The Federal Trade Commission won an administrative ruling against TurboTax tax software maker Intuit INTU.O after the commission said the company misled consumers with deceptive advertisements pitching “free” tax filing products that millions of consumers were unable to use, the …

Deepfake Imposter Scams Are Driving a New Wave of Fraud

Computer-generated children’s voices so realistic they fool their own parents. Masks created with photos from social media that can penetrate a system protected by face ID. They sound like the stuff of science fiction, but these techniques are already available …

FTC Opens Investigation Into OpenAI Over Misleading Statements

The U.S. Federal Trade Commission has opened an investigation into OpenAI on claims it has run afoul of consumer protection laws by putting personal reputations and data at risk, the strongest regulatory threat to the Microsoft-backed startup yet. The FTC …

‘Stoneos’ Cannabis Cookies Look Too Much Like Oreos, Says FTC

Six companies that make snacks with the active ingredient of cannabis have been sent cease and desist letters because the packaging looks too much like foods that kids love, including “Stoneos” that mimic Oreo cookies, the U.S. Federal Trade Commission …

NCOIL Writes IRS, FTC on Rules it Says Infringe State Regulation

The National Council of Insurance Legislators last week urged the Internal Revenue Service and the Federal Trade Commission to reconsider proposed rules that the organization said encroaches on state regulation. The first of the letters from NCOIL addresses a years …