FTC

Fintech & Ecommerce

BlueSnap Reaches $10 Million Settlement With FTC

BlueSnap and its former CEO settled with the Federal Trade Commission (FTC) for knowingly processing payment transactions for deceptive and fraudulent companies.

Science & Technology

FTC Says About Increase in AI-Related Scams on Social Media

Over the last year, the Federal Trade Commission (FTC) has recorded a significant increase in the number of complaints about advertising materials that were created using artificial intelligence for fraud.

Society & Lifestyle

FTC Fines Avast

Avast, a company specializing in developing cybersecurity software, has been fined $16.5 million by the US Federal Trade Commission (FTC).

Fintech & Ecommerce

Amazon’s Secret ‘Project Nessie’ Algorithm Used to Drive Prices According to FTC

The media reports that the Federal Trade Commission (FTC) accuses Amazon of using a secret algorithm codenamed Project Nessie, which is applied to check the boundaries of price increases and is a guarantee that competitors will comply with pre-determined product cost limits.

Society & Lifestyle

FTC Strengthens Cooperation With Latin American Organizations

The Federal Trade Commission (FTC) announced the beginning of partnerships with consumer protection authorities from four Latin American countries, including Colombia, Mexico, Chile, and Peru.

Fintech & Ecommerce

US Government and 17 States Sue Amazon

The US government and 17 states are suing Amazon.

Fintech & Ecommerce

FTC Reportedly to Sue Amazon

The media reported that the US Federal Trade Commission (FTC) is likely to sue Amazon in the near future.

News

FTC Investigates OpenAI for Potential Harm to Consumers

The US Federal Trade Commission (FTC) has launched an investigation into OpenAI.

News

FTC Wants to Pause Microsoft-Activision Deal

The US Federal Trade Commission (FTC) has appealed to the Court of Appeals to delay the implementation of the deal worth $69 billion, under which Microsoft will absorb Activision Blizzard.

Society & Lifestyle

FTC Proposes Ban on Fake Reviews

The Federal Trade Commission (FTC) has taken the initiative to introduce a new rule that prohibits numerous forms of fake reviews on the Internet.

News

FTC Sues Amazon

The US Federal Trade Commission (FTC) on Wednesday, June 21, sued Amazon, accusing the e-commerce giant of using a deception technique to force millions of consumers to subscribe to the Prime service.

Society & Lifestyle

FTC Files to Block Microsoft From Closing Activision Deal

The Federal Trade Commission on Monday, June 12, filed a lawsuit against Microsoft in the federal court of California to block the acquisition of Activision Blizzard by the technology giant.

News

FTC Returns $392 Million to Consumers After Law Enforcement Actions

In the United States, the Federal Trade Commission (FTC) last year returned $392 million to citizens after a refund made possible as a result of the actions of law enforcement officers.

News

Meta Seeks to Force FTC Into Court to Change Privacy Settlement

Meta Platforms has appealed to a federal court to deprive the Federal Trade Commission (FTC) of the opportunity to move forward as part of the agency’s procedure to review its confidentiality agreement reached in 2020.

Fintech & Ecommerce

Amazon to Pay $30.8 Million to Settle FTC Privacy Claims

Amazon has agreed to pay $30.8 million as part of the resolution of two cases brought by the Federal Trade Commission in connection with violations of the privacy of the company’s smart devices.

Science & Technology

FTC Says Biometric Surveillance Threatens Civil Rights

The Federal Trade Commission (FTC) has stated that the increased use of biometric data entails risks related to privacy, security, and discrimination.