Federal Trade Commission
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.
Trump Names Antitrust Lawyer to Head FTC
If confirmed, Joseph Simons "will immediately jump into some contentious issues," including calls for greater scrutiny of big internet companies.
Uber Settles FTC Case Over Privacy Violations
"Our order requires a culture of privacy sensitivity for Uber," Acting FTC Chair Maureen Ohlhausen says of the settlement.
Fantasy Sports Platforms Terminate Merger
The FTC, which had moved to block the combination of FanDuel and DraftKings, calls the termination “a clear win for American consumers.”
Walgreens Scraps Rite Aid Merger
Under a scaled-down deal, Walgreens would buy roughly half of Rite Aid’s stores.
Vizio Fined $2M Over Data Collection From TVs
The FTC says Vizio failed to properly disclose to consumers that it was collecting information about their viewing habits and sharing it with third parties.
Walgreens to Pay $2 Billion Less for Rite Aid
The amended terms of the megamerger reflect the companies' efforts to obtain regulatory approval.