Federal Trade Commission
Facebook Hit with Record $5B Fine Over Privacy Breaches
The Federal Trade Commission’s settlement resolves its investigation into how the company lost control over user data.
Reckitt Benckiser to Pay $1.4B in U.S. Opioid Treatment Settlement
The company made a deal to resolve federal investigations into the sales and marketing of an opioid addiction treatment by its former business Indivior.
Canon, Toshiba Fined Over Antitrust Violations
The companies allegedly structured a deal so it would not be delayed by U.S. pre-merger notification laws.
Facebook Sets Aside $3B for Possible FTC Fine
Facebook says the charge it took in the first quarter is a reasonable estimate of what it would cost to resolve an FTC privacy investigation.
Don’t Break Up Big Tech Firms: Former Antitrust Regulator
Calls for regulating companies like Amazon, Facebook, and Google out of existence are misguided, says Canada's former competition commissioner.
Dems Propose Screening Algorithms for Bias
The Algorithmic Accountability Act would require companies to ensure their automated decision-making systems comply with discrimination law.
FTC Unveils Antitrust Task Force Targeting Tech
“The FTC needs to get past its laser-focus on consumer prices, and figure out what competitive harm means in today’s tech markets.”
Loan Originations Boost LendingClub Earnings
The company's Q1 results may fuel hopes that it “can shake off the effects of a two year-old governance scandal and a big regulatory squeeze.”
LendingClub Accused of Hiding Upfront Fees
The FTC says the lender collected “hundreds or even thousands of dollars” as an upfront fee while telling consumers it charged "no hidden fees" on loans.
FTC Challenges Sale of Wesson Cooking Oil
The commission says JM Smucker's proposed purchase of the brand from Conagra would lead to higher prices for retailers and consumers.
CFPB Said to Be Icing Probe of Equifax Breach
Failing to investigate the massive data breach would put “145 million Americans at risk [and] is malpractice,” says a top Democrat in the Senate.