Sunday, February 27, 2022

Administrative Law Judge Dismisses FTC Antitrust Complaint against Altria Group and JUUL Labs, Inc.

In an Initial Decision announced on Feb. 24, 2022, Chief Administrative Law Judge D. Michael Chappell dismissed the antitrust charges in a complaint issued by the Federal Trade Commission staff against tobacco company Altria Group, Inc.

The FTC's April 2020 complaint alleged that Altria and Juul entered a series of agreements, including Altria's acquisition of a 35% stake in JUUL, that eliminated competition in violation of federal antitrust laws.

Publisher: Federal Trade Commission
Date: 2022-02-24T10:47:29-05:00
Twitter: @FTC
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FTC Requests Public Comments on the Impact of Pharmacy Benefit Managers' Practices | Federal Trade

Publisher: Federal Trade Commission
Date: 2022-02-24T15:23:23-05:00
Twitter: @FTC
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FTC Received 2.8 Million Fraud Reports from Consumers in 2021 - BCTV

Newly released Federal Trade Commission data shows that consumers reported losing more than $5.8 billion to fraud in 2021, an increase of more than 70 percent over the previous year.

The FTC received fraud reports from more than 2.8 million consumers last year, with the most commonly reported category once again being imposter scams, followed by online shopping scams.

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Publisher: BCTV
Date: 2022-02-26T10:30:32 00:00
Twitter: @bctv_org
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US FTC Launches Rulemaking to Bar Deceptive Earnings Claims, Targeting Gig Economy | Perspectives

Although the FTC primarily considers itself a law enforcement entity, Chair Lina Khan has big plans to exercise its rulemaking authority , including its authority to write rules outlawing specific “unfair and deceptive” acts and practices.

Deceptive earnings cases generally look like the following: A company says, “Take my class” or “work at my company” and you can make X thousand dollars a year, when in fact most consumers/workers make less.

Date: 2022-02-23T06:40:17
Twitter: @Mayer_Brown
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Is Vertical the New Horizontal for FTC Merger Enforcement?

Since March 2021, the Federal Trade Commission (FTC or Commission) has challenged three proposed acquisitions based on vertical competitive concerns.

Following Nvidia’s abandonment, the Commission announced that the “result is particularly significant because it represents the first abandonment of a litigated vertical merger in many years.

Publisher: JD Supra
Twitter: @jdsupra
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Scammers took $770 million from people online in 2021, FTC says - KXLY

If you like to scroll on social media and buy something here or there — be extra careful. Last year, scammers took $770 million from people online, according to the Federal Trade Commission. Most reports stemmed from online shopping.

“About one in four people who reported losing money to fraud last year said it started on social media,” said Emma Fletcher, senior data researcher at the Federal Trade Commission.

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Publisher: KXLY
Date: 2022-02-26T05:19:07 00:00
Author: https www facebook com kaitlinknapp1
Twitter: @kxly4news
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Early FTC Action in 2022 on Data Privacy

As CPW has previously covered, data privacy and cybersecurity are priorities of the Federal Trade Commission ("FTC").

Most markets, Commissioner Wilson explained, function best on their own when driven by the traditional forces of supply and demand. The market for consumer information cannot function in this way.

Publisher: The National Law Review
Date: 5493B547C0AB527FF4CF8C4D0127302A
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Attorney General Josh Stein Calls on FTC to Outlaw Imposter Scams - NC DOJ

(RALEIGH) Attorney General Josh Stein today called on the Federal Trade Commission (FTC) to adopt national protections against impersonation scams, also known as imposter scams. Americans reported more than $2.3 billion in losses caused by imposter scams to the FTC in 2021.

Though their methods may vary, impersonation scammers take people's money, drain resources from regulators tasked with protecting the public, and cause confusion and loss of trust in government agencies and services.

Publisher: NC DOJ
Date: 2022-02-23T20:47:20 00:00
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EFF Urges FTC to Investigate Stalkerware App Network Subject of TechCrunch Report | Electronic

There is a massive network of stalkerware apps that is harvesting the private data of at least 400,000 people through consumer-grade spyware apps that share a major security flaw, according to TechCrunch security editor Zack Whittaker's report this week .

The stalkerware app network investigated by TechCrunch presents itself as a collection of white-label Android spyware apps that each have custom branding and identical websites claiming U.S.

Publisher: Electronic Frontier Foundation
Date: 2022-02-25T16:34:16-08:00
Author: Eva Galperin
Twitter: @eff
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