FTC Chairwoman Lina Khan testifies during the House Appropriations Subcommittee on Financial Services and General Government hearing titled “Fiscal Year 2025 Request for the Federal Trade Commission,” in Rayburn Building on Wednesday, May 15, 2024. Tom Williams | Cq-roll Call, Inc. | Getty Images The Federal Trade Commission on Wednesday announced a crackdown on what … Read more
Bitcoin ATMs are a rapidly growing presence in the United States and, some experts say, a rapidly growing cybercrime menace. ATMs dealing in bitcoin are similar to their cash cousins: there are PINs to punch and withdrawal fees, just like any other ATM. Unlike cash ATMs, though, the high value of crypto makes them prime targets … Read more
Image: NurPhoto (Getty Images) An Arizona dealership group is out millions of dollars over what sadly has nearly become normal dealer activity. The dealer is accused of fraud, misleading advertising and worse, being racist. Kia Dealers Dead Last in Customer Satisfaction Survey Phoenix’s NBC 12 reports that after an investigation by Arizona Attorney General Kris … Read more
Vice President Kamala Harris would prioritize small business growth and large industry competition in shaping her own antitrust and regulatory policy if she wins the presidency in November, Maryland’s Democratic Gov. Wes Moore said Wednesday. “Making sure that we are both supporting our small businesses and making it easier for small business to be able … Read more
Photo: mphillips007 (Getty Images) If aftermarket warranty company CarShield ripped you off, we have some good news: It just settled with the Federal Trade Commission over charges that its ads were misleading and that celebrity and consumer testimonials included false statements. The settlement will cost the company $10 million and will require it to make … Read more
Your car has been spying on you and collecting data. That alone is worrying to many, but a recent letter sent to the Federal Trade Commission (FTC) by two U.S. Senators show something even more sinister: That data is being sold for pennies on the dollar to insurance companies. The 2024 Hyundai Santa Fe XRT … Read more
(The Hill) — Adobe made it intentionally difficult for customers to cancel subscriptions to its products including Photoshop, “trapping users” in expensive contracts, the Federal Trade Commission (FTC) alleged in a lawsuit filed Monday. The complaint claims Adobe steered customers toward its “annual paid monthly” subscription option without disclosing cancellation fees that could rise to … Read more
Consumers have become accustomed to all sorts of labels and seals of approval on products in the shopping process, from the Energy Star to sustainability standards. Next up, shoppers should prepare for a hacking-safe seal of approval in the works for home gadgets and appliances coming from the federal government. Last July, the Biden administration … Read more
Business groups that represent employers are not pleased with the Federal Trade Commission’s new ban on noncompete agreements and have already gone to court seeking to block it. The U.S. Chamber of Commerce, joined by the Business Roundtable and the Texas Association of Business, filed a lawsuit Wednesday in federal court in Texas arguing that … Read more
Federal Trade Commission Chair Lina Khan testifies before a House Judiciary Committee hearing on Oversight of the Federal Trade Commission, on Capitol Hill in Washington, D.C., July 13, 2023. Kevin Wurm | Reuters The Federal Trade Commission on Tuesday voted 3-2 for a nationwide ban against noncompete agreements, which companies use to prevent employees from … Read more
