Federal Trade Commission Archives - Page 2 of 6 - CFO

Facebook Hit with Record $5B Fine Over Privacy Breaches

Risk & Compliance

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.

By Lauren Muskett | July 24, 2019

Reckitt Benckiser to Pay $1.4B in U.S. Opioid Treatment Settlement

Risk & Compliance

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.

By Lauren Muskett | July 11, 2019

Canon, Toshiba Fined Over Antitrust Violations

Risk & Compliance

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.

By Matthew Heller | June 11, 2019

Facebook Sets Aside $3B for Possible FTC Fine

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.

By Matthew Heller | April 25, 2019

Don’t Break Up Big Tech Firms: Former Antitrust Regulator

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.

By David McCann | April 22, 2019

Dems Propose Screening Algorithms for Bias

Dems Propose Screening Algorithms for Bias

The Algorithmic Accountability Act would require companies to ensure their automated decision-making systems comply with discrimination law.

By Matthew Heller | April 11, 2019

FTC Unveils Antitrust Task Force Targeting Tech

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.”

By Matthew Heller | February 27, 2019

Loan Originations Boost LendingClub Earnings

Financial Performance

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.”

By Matthew Heller | May 8, 2018

LendingClub Accused of Hiding Upfront Fees

Risk & Compliance

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.

By Matthew Heller | April 25, 2018

FTC Challenges Sale of Wesson Cooking Oil

Risk & Compliance

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.

By Matthew Heller | March 6, 2018

CFPB Said to Be Icing Probe of Equifax Breach

Risk & Compliance

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.

By Matthew Heller | February 5, 2018

Trump Names Antitrust Lawyer to Head FTC

Risk & Compliance

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.

By Matthew Heller | October 19, 2017

Uber Settles FTC Case Over Privacy Violations

Risk & Compliance

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.

By Matthew Heller | August 15, 2017

Fantasy Sports Platforms Terminate Merger

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.”

By Matthew Heller | July 13, 2017

Walgreens Scraps Rite Aid Merger

Walgreens Scraps Rite Aid Merger

Under a scaled-down deal, Walgreens would buy roughly half of Rite Aid’s stores.

By William Sprouse | June 29, 2017