Federal Trade Commission
Some of the key events about Federal Trade Commission
- 1914Established to prevent unfair methods of competition in commerce
- 1914Failed to prevent the formation of U.S. Steel, allowing the creation of the world's first billion-dollar corporation
- 1920Criticized for ineffective enforcement of antitrust laws during the post-World War I merger wave
- 1935Faced accusations of overstepping its authority in attempting to regulate the insurance industry
- 1938Granted authority to protect consumers against unfair and deceptive trade practices
- 1950Issued guidelines for proper use of "Made in USA" labels
- 1969Criticized for inadequate consumer protection measures during the rise of cigarette advertising
- 1975Created the Bureau of Consumer Protection to enforce consumer protection laws
- 1979Implemented the Used Car Rule, requiring dealers to provide warranty information
- 1980Accused of lax enforcement of antitrust laws during the Reagan administration
- 1998Launched the National Do Not Call Registry to reduce unwanted telemarketing calls
- 1998Failed to prevent the merger of Exxon and Mobil, creating one of the world's largest oil companies
- 2003Enacted the CAN-SPAM Act to regulate commercial email practices
- 2006Criticized for not doing enough to protect consumers from identity theft and data breaches
- 2009Introduced rules to protect consumers from unfair credit card practices
- 2010Implemented the Red Flags Rule to combat identity theft
- 2011Faced criticism for settling with Google over privacy violations without imposing significant penalties
- 2013Failed to prevent the merger of American Airlines and US Airways, reducing competition in the airline industry
- 2019Imposed a $5 billion penalty on Facebook for violating users' privacy
- 2019Criticized for imposing a relatively small $5 billion fine on Facebook for privacy violations
Disclaimer: This material is written based on information taken from open sources, including Wikipedia, news media, podcasts, and other public sources.
Federal Trade Commission Latest news
NLRB Prosecutor Intensifies Stance Against Noncompete Agreements
Supreme Court Rejects Shkreli's Appeal on $64.6 Million Penalty
Global M&A Deals Surge in Value Despite Fewer Transactions, Law Firms Report
Texas AG Sues Insulin Giants and PBMs Over Alleged Price Inflation Scheme
FTC's Antitrust Case Against Amazon Advances in Federal Court
Snapchat Under Fire: New Mexico AG Unveils Damning Internal Messages
OpenAI's $150 Billion Valuation Amid Leadership Shifts and Restructuring Plans
UK Watchdog Approves Amazon's $4 Billion AI Partnership with Anthropic
Harris's McDonald's Job Claim Sparks Debate on Political Backgrounds
Novo Nordisk CEO Defends Drug Pricing Amid Senate Scrutiny
FTC Sues Major Pharmacy Benefit Managers Over Alleged Insulin Price Inflation
FTC Slams Tech Giants for Inadequate User Privacy and Child Safety Measures
Kroger-Albertsons Merger Faces Triple Legal Challenge in Antitrust Battle
Chicago Judge Upholds NLRB Structure, Rejects Medical Center's Challenge
Indian Watchdog Finds Amazon and Flipkart Violated Competition Laws
Las Vegas Man Admits to Multimillion-Dollar Charity Fraud Scheme
Google's Antitrust Lawyer Joins Freshfields Amid Legal Challenges
Key Economic Indicators and Corporate Earnings on Tap This Week
Company Seeks $5.4M in Fees After Defeating FTC Lawsuit
CSX's Antitrust Lawsuit Against Norfolk Southern Dismissed by Appeals Court
Global Crypto Firms Navigate Complex Labor and Securities Laws
Care.com Agrees to $8.5M Settlement Over FTC Charges of Deceptive Practices
Kroger-Albertsons Merger Faces Federal Scrutiny: What's at Stake?
Independent Grocers Face Pricing Challenges Amid Market Consolidation
Democrats Accept Food Industry Donations Amid Price Criticism
D.C. Court Revives Antitrust Lawsuit Against Amazon's Pricing Policies
Texas Judge Overturns FTC's Noncompete Ban, Affecting Millions
Texas Judge Blocks FTC Rule Banning Non-Compete Agreements
Harris's Price Gouging Ban Proposal Sparks Debate and Clarification Efforts
Google's Monopoly Ruling: A Turning Point in Tech Regulation?
NLRB Prosecutor Intensifies Stance Against Noncompete Agreements
NLRB's top lawyer seeks increased worker compensation for noncompete agreements, arguing they violate labor laws. The move aligns with broader efforts to expand worker protections amid legal challenges.
Supreme Court Rejects Shkreli's Appeal on $64.6 Million Penalty
The U. S. Supreme Court declined to hear Martin Shkreli's appeal against a $64.6 million penalty for drastically increasing a vital drug's price. Shkreli's lifetime ban from the pharmaceutical industry remains unchallenged.
Global M&A Deals Surge in Value Despite Fewer Transactions, Law Firms Report
Top law firms see larger but fewer M&A deals in 2024, with global value reaching $2. 3 trillion. Experts remain optimistic despite market headwinds and upcoming U.S. elections potentially impacting Q4 activity.
Texas AG Sues Insulin Giants and PBMs Over Alleged Price Inflation Scheme
Texas Attorney General Ken Paxton files lawsuit against major insulin manufacturers and pharmacy benefit managers, accusing them of collaborating to artificially inflate insulin prices. The action targets both producers and intermediaries.
FTC's Antitrust Case Against Amazon Advances in Federal Court
A federal judge allows the FTC's monopoly case against Amazon to proceed, marking a significant step in the agency's efforts to regulate Big Tech. The ruling sets the stage for a landmark legal battle in e-commerce.
Snapchat Under Fire: New Mexico AG Unveils Damning Internal Messages
New Mexico's Attorney General exposes Snapchat's alleged negligence in addressing child safety concerns. Unredacted complaint reveals internal communications highlighting platform's struggles with user protection.
OpenAI's $150 Billion Valuation Amid Leadership Shifts and Restructuring Plans
OpenAI faces leadership changes and considers restructuring while pursuing a $150 billion valuation. The AI giant grapples with rapid growth, antitrust scrutiny, and the challenge of balancing its nonprofit roots with investor interests.
UK Watchdog Approves Amazon's $4 Billion AI Partnership with Anthropic
Britain's competition regulator clears Amazon's collaboration with AI firm Anthropic, citing insufficient market impact. The deal faces ongoing scrutiny in the US amid concerns over Big Tech's AI dominance.
Harris's McDonald's Job Claim Sparks Debate on Political Backgrounds
Vice President Kamala Harris's assertion of working at McDonald's in 1983 faces scrutiny from Donald Trump. The controversy highlights the role of personal histories in political narratives.
Novo Nordisk CEO Defends Drug Pricing Amid Senate Scrutiny
Novo Nordisk's CEO faced tough questions from senators about high US drug prices. He cited complex healthcare system and rebates, while senators pushed for lower list prices.
FTC Sues Major Pharmacy Benefit Managers Over Alleged Insulin Price Inflation
The U. S. Federal Trade Commission has filed a lawsuit against the three largest pharmacy benefit managers, accusing them of artificially inflating insulin costs. The action targets companies controlling 80% of the market.
FTC Slams Tech Giants for Inadequate User Privacy and Child Safety Measures
FTC report criticizes major tech companies for insufficient user privacy protection and child safety measures. The study reveals widespread data collection practices and lack of user control over personal information.
Kroger-Albertsons Merger Faces Triple Legal Challenge in Antitrust Battle
Kroger's $25 billion bid to acquire Albertsons encounters legal hurdles in three states. Regulators and state attorneys general argue the merger could increase grocery prices and impact workers.
Chicago Judge Upholds NLRB Structure, Rejects Medical Center's Challenge
A federal judge in Chicago has ruled against Alivio Medical Center's attempt to challenge the National Labor Relations Board's structure, affirming the agency's independence and allowing a case against the center to proceed.
Indian Watchdog Finds Amazon and Flipkart Violated Competition Laws
Indian antitrust probe reveals Amazon and Walmart's Flipkart breached competition laws by favoring select sellers. Companies deny allegations as e-commerce market in India continues rapid growth.
Las Vegas Man Admits to Multimillion-Dollar Charity Fraud Scheme
Richard Zeitlin pleaded guilty to defrauding donors through fake charities and political action committees. He faces up to 13 years in prison and agreed to forfeit $8.9 million in ill-gotten gains.
Google's Antitrust Lawyer Joins Freshfields Amid Legal Challenges
Kevin Yingling, a 15-year Google veteran, moves to Freshfields Bruckhaus Deringer as an antitrust partner. The shift occurs as Google faces significant antitrust scrutiny and legal battles.
Key Economic Indicators and Corporate Earnings on Tap This Week
Upcoming reports from Dave & Buster's and Kroger, along with the August inflation data, are set to provide insights into consumer spending and economic trends in the United States.
Company Seeks $5.4M in Fees After Defeating FTC Lawsuit
American Future Systems requests $5. 4 million in legal fees after winning a case against the FTC. The company claims the agency's lawsuit lacked evidence and posed a threat to its business.
CSX's Antitrust Lawsuit Against Norfolk Southern Dismissed by Appeals Court
A U. S. appeals court rejected CSX's lawsuit against Norfolk Southern over access to a major East Coast marine terminal, citing untimely filing under antitrust law. The decision upholds a previous ruling.
Global Crypto Firms Navigate Complex Labor and Securities Laws
Virtual cryptocurrency companies face unique challenges in complying with diverse labor and securities regulations across jurisdictions. Experts advise on key issues including employee classification and token compensation.
Care.com Agrees to $8.5M Settlement Over FTC Charges of Deceptive Practices
Care. com, an in-home care services platform, settles FTC accusations of inflating job numbers and complicating membership cancellations. The $8.5 million settlement awaits federal court approval in Austin, Texas.
Kroger-Albertsons Merger Faces Federal Scrutiny: What's at Stake?
Kroger and Albertsons' proposed $24. 6 billion merger faces legal challenges from the FTC and several states. The outcome could significantly impact grocery prices, store availability, and working conditions for millions of Americans.
Independent Grocers Face Pricing Challenges Amid Market Consolidation
RF Buche's struggle to keep prices competitive at his Pine Ridge Reservation supermarket highlights the broader challenges faced by independent grocers in rural America, amidst market consolidation and rising food costs.
Democrats Accept Food Industry Donations Amid Price Criticism
Democratic lawmakers increasingly accept donations from food companies they criticize for high prices. The trend raises questions about political integrity as food costs remain a top voter concern.
D.C. Court Revives Antitrust Lawsuit Against Amazon's Pricing Policies
An appeals court in Washington, D. C. has reinstated a lawsuit against Amazon, claiming the company's pricing policies potentially harm competition. The case, initially dismissed, now moves forward with renewed scrutiny.
Texas Judge Overturns FTC's Noncompete Ban, Affecting Millions
A federal judge in Texas has invalidated the FTC's ban on noncompete agreements, citing the agency's lack of authority. The ruling impacts an estimated 30 million US workers across various industries.
Texas Judge Blocks FTC Rule Banning Non-Compete Agreements
A federal judge in Texas has barred an FTC rule prohibiting non-compete agreements, citing the agency's lack of authority. The decision follows a challenge by the U.S. Chamber of Commerce and tax firm Ryan.
Harris's Price Gouging Ban Proposal Sparks Debate and Clarification Efforts
Vice President Kamala Harris's proposal to ban price gouging in certain sectors has ignited controversy. While facing criticism, her allies argue the plan is a targeted expansion of existing state powers, not sweeping price controls.
Google's Monopoly Ruling: A Turning Point in Tech Regulation?
A landmark court decision declares Google a search monopoly, sparking debates on tech regulation. The ruling could reshape the digital landscape and challenge other tech giants' market dominance.