The Federal Trade Commission (FTC) has mandated Epic Games, the creator of Fortnite, to pay a record-breaking £192.19 million ($245 million) in a settlement over allegations of deceptive billing practices. The settlement, the largest refund in a gaming-related case, addresses claims that Epic Games used “dark patterns” to mislead Fortnite players and other customers into … Read more
The Federal Trade Commission has opened a broad antitrust investigation into Microsoft, including of its software licensing and cloud computing businesses, a source familiar with the matter said Wednesday. The probe was approved by FTC Chair Lina Khan ahead of her likely departure in January. The election of Donald Trump as U.S. president and the expectation he … Read more
The US Federal Trade Commission has opened a broad antitrust investigation into Microsoft, including of its software licensing and cloud computing businesses, a source familiar with the matter said on Wednesday. The probe was approved by FTC Chair Lina Khan ahead of her likely departure in January. The election of Donald Trump as US president, … Read more
The Federal Trade Commission banned businesses from writing and buying their own reviews in an August ruling. Now, it’s alleging that a customer review site, Sitejabber, published “misleading” ratings and reviews on behalf of the 130,000 businesses on its platform. The FTC’s proposed order would stop Sitejabber from “misrepresenting” customer ratings and reviews “in the … Read more
Donald Trump’s White House win could have a major impact on antitrust regulation and US policy toward the tech sector — including a pair of pending Justice Department cases against Google. Trump — a longtime Google critic who has accused the search giant of political bias and election interference — has nevertheless expressed reluctance to … Read more
Say goodbye to subscription headaches. The Federal Trade Commission (FTC) just finalised its “click to cancel” rule, requiring companies to simplify and expedite subscription cancellation. The FTC’s new rule will target nearly all sellers of negative option programs, a form of contract that automatically renews subscriptions unless the consumer actively opts out. Under the new … Read more
If you’ve ever spent hours on the phone trying to cancel a subscription to no avail, you’re going to want to read this. This week, the U.S. Federal Trade Commission (FTC) issued its final “click-to-cancel” rule that will force businesses to make it as easy to cancel a subscription as it was to sign up. … Read more
On Wednesday, the CEOs of Kroger and Albertsons defended their proposed merger before federal regulators, claiming it would help lower prices and better position them against retail giants like Walmart, Costco, and Amazon. Kroger CEO Rodney McMullen and Albertsons CEO Vivek Sankaran testified in Oregon’s U.S. District Court in response to the Federal Trade Commission’s … Read more
A federal judge in Texas on Tuesday barred a Federal Trade Commission rule from taking effect that would ban agreements commonly signed by workers not to join their employers’ rivals or launch competing businesses. US District Judge Ada Brown in Dallas said the FTC, which enforces federal antitrust laws, does not have the authority to ban … Read more
Have you seen a loose card reader on an ATM or discolouration between the machine’s body and the card reader? According to the FBI, scammers increasingly use card skimming devices to collect credit or debit card data from the magnetic stripe when a card is swiped, costing consumers and banks almost $1 billion annually. Card … Read more
