Antitrust news and reports on Federal Newswire

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FTC finds major social media firms fail in protecting user privacy
Antitrust

A new Federal Trade Commission (FTC) staff report examines the data collection and use practices of major social media and video streaming services, revealing extensive surveillance of consumers to monetize personal information while failing to adequately protect users online, especially children and teens.


Aspen Institute Cybersecurity Summit to feature key regulatory leaders
Antitrust

Chair Khan will appear on a panel alongside FCC’s Chair Rosenworcel and CFPB's Director Chopra at the Aspen Institute Cybersecurity Summit.


WillScot abandons $3.8 billion acquisition of competitor McGrath RentCorp
Antitrust

Phoenix, Arizona-based WillScot Holdings Corporation (WillScot) announced today that it is abandoning its proposed acquisition of McGrath RentCorp (McGrath). Under the merger agreement disclosed on January 29, 2024, WillScot had agreed to acquire McGrath, a business-to-business rental company based in Livermore, California, for $3.8 billion. Both companies are major players in the modular and portable storage rental industry across the United States.


FTC settles with operator behind fraudulent business opportunity scheme
Antitrust

As a result of a Federal Trade Commission lawsuit, an individual and his company who helped operate a sprawling business opportunity scheme known as Blueprint to Wealth have agreed to a settlement that permanently bans them from the telemarketing industry.


Ryan Cohen settles antitrust law violation with nearly $1 million penalty
Antitrust

Today, the Federal Trade Commission announced that Ryan Cohen, managing partner of RC Ventures, LLC, and Chairman and CEO of GameStop Corp., will pay a $985,320 civil penalty to settle charges that his acquisition of Wells Fargo & Company shares violated the Hart-Scott-Rodino (HSR) Act.


FTC issues refunds over CafePress data breach
Antitrust

The Federal Trade Commission (FTC) is distributing payments exceeding $370,000 to consumers affected by data security lapses at the online merchandise platform CafePress.


Federal court approves FTC settlements for unauthorized billing schemes
Antitrust

At the request of the Federal Trade Commission (FTC), a federal court has approved settlements requiring the forfeiture of assets valued at approximately $40 million from defendants accused of defrauding consumers nationwide. The defendants allegedly enrolled consumers, without their knowledge, into continuity plans for CBD and keto-related products they did not agree to purchase.


FTC sends $2.6 million in refunds over deceptive practices by FloatMe
Antitrust

The Federal Trade Commission (FTC) is distributing more than $2.6 million in refunds to consumers affected by the deceptive practices of online cash advance provider FloatMe. The company had misled consumers with false promises of "free money" and discriminated against certain applicants for cash advances.


Scheduling conference for Asbury Automotive Group set for September
Antitrust

A scheduling conference is set to take place before Administrative Law Judge Dania L. Ayoubi in the matter concerning Asbury Automotive Group, Inc., et al. The case is filed under Docket 9436.


Fordham Antitrust Law and Policy Conference to feature Lina M. Khan
Antitrust

Chair Lina M. Khan will participate in a fireside chat with Eleanor Fox and Joseph Ostoyich at the 51st Annual Fordham Antitrust Law and Policy Conference.


FTC announces agenda for September open commission meeting
Antitrust

Today, Federal Trade Commission Chair Lina M. Khan announced that an open meeting of the Commission will be held virtually on Thursday, September 19, 2024. The meeting will commence at 11 a.m. ET and will begin with time for members of the public to address the Commission.


U.S., Japan mark 25 years of competition cooperation
Antitrust

Federal Trade Commissioner Alvaro Bedoya, Justice Department Antitrust Division Assistant Attorney General Jonathan Kanter, and Japan Fair Trade Commission (JFTC) Commissioner Reiko Aoki met yesterday in Washington, D.C., to mark the 25th anniversary of the signing of an agreement between the United States and Japan concerning cooperation on anticompetitive activities.


FTC supports USDA’s effort against unfair practices by meat processors
Antitrust

The Federal Trade Commission (FTC) has submitted a comment in support of a proposed rule by the U.S. Department of Agriculture (USDA) aimed at protecting farmers, growers, ranchers, and consumers from unfair practices by dominant meat processors.


FTC warns 31 adoption intermediaries against deceptive practices
Antitrust

Federal Trade Commission staff have issued warnings to 31 adoption intermediaries, cautioning them against misleading consumers about placement rates and times, suppressing negative reviews, or engaging in other deceptive practices that could harm prospective adoptive and birth parents.


FTC issues refunds after settling with genetic testing firm over data security
Antitrust

The Federal Trade Commission (FTC) is issuing refunds to over 2,400 consumers following a settlement with 1Health.io, previously known as Vitagene. The settlement addresses allegations that the genetic testing company failed to secure sensitive genetic and health data, misled consumers about their ability to delete their data, and retroactively changed its privacy policy.


Horseracing Integrity and Safety Authority presents closing arguments in Natalia Lynch case
Antitrust

The Horseracing Integrity and Safety Authority (HISA) presented its closing arguments before Administrative Law Judge Jay L. Himes on September 4, 2024. The case in question involves Natalia Lynch, docket number 9423.


FTC urges denial of proposed Indiana hospital merger
Antitrust

Federal Trade Commission (FTC) staff have submitted a comment urging the Indiana Department of Health to deny an application seeking to merge Union Hospital, Inc. (Union Health) and Terre Haute Regional Hospital, L.P. (THRH).


FTC provides annual summary of debt collection activities
Antitrust

The Federal Trade Commission (FTC) has provided the Consumer Financial Protection Bureau (CFPB) with its annual summary of activities aimed at protecting consumers in the debt collection sector.


FTC issues report on multi-level marketing income disclosures
Antitrust

The staff of the Federal Trade Commission (FTC) have issued a report detailing findings from a review of income disclosure statements from 70 different multi-level marketers (MLMs).


FTC reports surge in losses due to Bitcoin ATM scams
Antitrust

New data from the Federal Trade Commission shows a significant increase in the amount of money consumers report losing to scammers involving Bitcoin ATM machines. Since 2020, the amount consumers reported losing has increased nearly tenfold to over $110 million in 2023.