#ftc

#ftc

According to the Central District of California U.S. Attorney's Office, a California man was indicted on 13 counts of wire fraud for scamming dating app users out of $2 million.

"Reported losses to job scams increased more than threefold from 2020 to 2023. In the first half of 2024, they topped $220 million, according to the FTC."

The statutory language, 'shall issue,' mandates a separate preliminary analysis for public review and comment 'in any case' where the Commission issues a notice of proposed rulemaking and the $100 million threshold is surpassed.

The Federal Trade Commission, under Trump-appointed chair Andrew Ferguson, cleared a merger between Omnicom Group and Interpublic Group, creating the world's largest advertising company, controlling over half of the industry.

Eligible Fortnite players who felt deceived by unwanted purchases are given a chance to apply for refunds from Epic Games' $245 million FTC settlement until July 9.

The CMA's proposed designation of Google with 'strategic market status' underlines a push for enhanced competition and consumer benefit in the digital economy.

The FTC's new rules seem less about fairness and more about coercing advertisers to support Donald Trump's failing social media ventures, echoing his previous controversial deals.

"Under the current rulemaking framework, however, this intended safety valve functions more like a chokepoint. Individuals and organizations seeking an exemption to engage in lawful fair use must navigate a burdensome, time-consuming administrative maze."

The FTC settled allegations against GoDaddy for misleading consumers regarding data security protections, leading to vulnerabilities and data breaches affecting its customers.

Recent data from the Federal Trade Commission (FTC) reveals that consumers lost $470 million to text-based scams, five times higher than 2020 despite lower report numbers.

The fact that President Trump fired FTC commissioners without legal authority has raised significant questions about the independence and governance of federal agencies.