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Dec 16 2021
The Chamber of Commerce is pushing the Senate to kill portions of President Joe Biden's Build Back Better bill that would grant the Democratic-run Federal Trade Commission more civil penalty authority that it says would hurt businesses and consumers.
Certain provisions in Biden's $2.4 trillion spending bill "would create an unprecedented and unjustified broad civil penalty authority"Washington Examiner
Nov 17 2021
President Biden called on the Federal Trade Commission to investigate whether oil-and-gas companies are participating in illegal conduct aimed at keeping gasoline prices high.
In a Wednesday letter to FTC Chair Lina Khan, Mr. Biden alleged that there is “mounting evidence of anti-consumer behavior by oil-and-gas companies.” He said gasoline prices are rising even as the price ofWall Street Journal (News)
May 08 2018
A booklet published on Monday as part of first lady Melania Trump's "Be Best" campaign copies a document first published by the Federal Trade Commission (FTC) during the Obama administration.The Hill
Jul 13 2023
The Federal Trade Commission (FTC) is investigating OpenAI, the company that made the viral AI chatbot ChatGPT, for potential violations of consumer protection law.
The Details: In a 20-page document first reported by The Washington Post (Lean Left bias), the FTC asked OpenAI to answer questions about how it gathers, vets, and protects data. The probe marks the first major regulatoryTechCrunch Washington Post Fox Business
Dec 09 2020
Attorneys general from 46 states, the District of Columbia and Guam as well as the Federal Trade Commission filed much-anticipated lawsuits against Facebook on Wednesday. The suits accuse the social network of abusing its online dominance by gobbling up competitive threats that served to entrench the platform so deeply into the lives of billions of people that rivals could no longer put up aNPR (Online News)
Aug 19 2021
The Federal Trade Commission has filed an amended antitrust complaint against Facebook, alleging that the company violated federal antitrust laws with its acquisition of Instagram and WhatsApp. The new complaint is a more detailed version of a charge dismissed by the court in June for insufficient evidence.
“Facebook has today, and has maintained since 2011, a dominant share of theThe Verge
Jul 15 2021
Amazon and Facebook have filed petitions seeking Federal Trade Commission Chair Lina Khan’s recusal in antitrust cases involving their companies.
Khan’s confirmation to the FTC and appointment to lead the agency presents one of the clearest threats of major regulatory action in the tech sector in years. By seeking to recuse Khan, the companies are going after one of the biggestCNBC
Oct 12 2023
This is a published version of the Forbes Daily newsletter, you can sign-up to get Forbes Daily in your inbox here. How many times have you bought tickets to see your favorite artist in concert, only to see the price jump during checkout because of service fees? That surprise cost may be a thing of the past as President Joe Biden announced a new rule the FTC is proposing to ban “junk fees.”Forbes
Sep 27 2023
The Federal Trade Commission (FTC) finally pulled the trigger this week, filing its much-anticipated antitrust complaint against Amazon for (among other things) using pricing and other tactics that unfairly punished merchants selling on its platform. “Amazon is now exploiting its monopoly power to enrich itself,” according to FTC chair Lina Khan. I’m no legal analyst, but as an expert in theForbes
Sep 27 2023
The Federal Trade Commission and 17 states sued Amazon for allegedly “illegally maintaining monopoly power.”
The Details: An FTC statement says the regulator targeted Amazon “not because it is big, but because it engages in a course of exclusionary conduct that prevents current competitors from growing and new competitors from emerging.” Amazon’s anticompetitive tactics allegedlyArs Technica New York Post (Opinion) Bloomberg