Federal Trade Commission
Recent News About Federal Trade Commission
-
Antitrust attorney: 'Merger guidelines will increase deal timelines, the merging parties’ burden and overall uncertainty and potential antitrust risk as to the outcome'
New merger guidelines and HSR (Hart-Scott-Rodino) rules signal intensifying antitrust scrutiny in the healthcare sector, reflecting a significant shift that could complicate and prolong the merger review process, according to a recent article.
-
Levine: 'We will not tire in our pursuit of those who prey on individuals struggling with alcohol or other substance use disorders'
The Federal Trade Commission has filed a complaint against Rejuvica, the makers of Sobrenix, under suspicion that the company, known for marketing products to reduce and eliminate alcohol cravings, may have violated the FTC Act and the Opioid Addiction Recovery Fraud Prevention Act of 2018 (OARFPA).
-
Federal Trade Commission Chair Khan: 'we are updating our enforcement manual to reflect the realities of how firms do business in the modern economy'
Federal Trade Commission Chair Lina Khan voiced her support of the FTC updating its regulatory framework regarding Mergers and acquisitions to suit today's economy. Her remarks can be found in a July 19th FTC press release.
-
FTC's Levine: 'Celsius touted a new business model but engaged in an old-fashioned swindle'
A bankrupt cryptocurrency platform has been permanently prohibited from managing client assets and given a suspended $4.7 billion judgement in a settlement with the Federal Trade Commission (FTC). The FTC's case will proceed in federal court against three former company executives, who have not agreed to a settlement.
-
Genetic testing company 1Health.io accused of not securing sensitive genetic and health data
Samuel Levine of the Federal Trade Commission said it is not acceptable by FTC standards for companies to rewrite privacy policies after obtaining data. A June 16th press release from the FTC expressed charges against genetic testing company 1Health.io, formerly known as Vitagene.
-
ITIF sees FTC overreach: 'The FTC is a regulatory agency, not a legislature'
In the third action the Federal Trade Commission (FTC) has taken against Facebook, the agency has proposed prohibiting the company from monetizing the data of minors, alleging that Facebook violated its 2020 privacy order. Daniel Castro, vice president of the nonprofit research institute Information Technology and Innovation Foundation (ITIF), said the FTC does not have the authority to implement such a ban.
-
Khan: FTC will use its authority ‘to investigate potentially illegal deals’
The Federal Trade Commission sued to stop health care systems in Louisiana and Tennessee from consummating a $150 million acquisition because the commission or the U.S. Department of Justice weren’t notified before the merger.
-
Khan: FTC takes on 'some of the most pressing challenges that Americans face'
Federal Trade Commission (FTC) Chair Lina Khan outlined the FTC’s budget request for fiscal year 2024 in testimony to the Subcommittee on Financial Services and General Government of the United States House of Representatives.
-
Vaca: FTC will 'protect veterans and the broader military community from fraud and related threats’
The deputy director of the Bureau of Consumer Protection at the Federal Trade Commission during testimony before the U.S. Senate Committee on Veterans’ Affairs reiterated the commission’s call for legislation to revive its ability to seek relief for veterans who are exploited monetarily.
-
Khan: Federal Trade Commission prioritizes ‘protecting people's right to repair’
The Federal Trade Commission recently shed light on its commitment to preventing unlawful repair restrictions on consumers during a hearing with the House Energy and Commerce Subcommittee on Consumer Protection and Commerce.
-
Altman: 'I think moving with caution and an increasing rigor for safety issues is really important'
A group of leading technology experts signed an open letter calling for a pause in the development of artificial intelligence.
-
FTC Targets Payment Processor for Aiding Tech Support Scammers
The Federal Trade Commission (FTC) has taken action against Nexway, a multinational payment processing company, its CEO Victor Iezuitov, and chief strategy officer Casey Potenzone, for facilitating tech support scammers through credit card laundering.
-
Functional Government Initiative sues FTC for price gouging investigation, says 'The Biden Administration appears to have weaponized the FTC'
Peter McGinnis, a spokesman for the Functional Government Initiative (FGI), a nonpartisan organization promoting government transparency, said FGI is suing the Federal Trade Commission (FTC), seeking transparency around the FTC's investigation into alleged price gouging in the meat industry.
-
Walsh: Proposed non-compete ban 'unworkable' and threatens trade secrets
Federal Trade Commission Chair Linda Khan hosted a public forum on a new rule proposed to ban employers from imposing non-compete clauses on their workers.