Federal Trade Commission (FTC) News

FTC Opens Investigation Into OpenAI Over Misleading Statements

The U.S. Federal Trade Commission has opened an investigation into OpenAI on claims it has run afoul of consumer protection laws by putting personal reputations and data at risk, the strongest regulatory threat to the Microsoft-backed startup yet. The FTC …

‘Stoneos’ Cannabis Cookies Look Too Much Like Oreos, Says FTC

Six companies that make snacks with the active ingredient of cannabis have been sent cease and desist letters because the packaging looks too much like foods that kids love, including “Stoneos” that mimic Oreo cookies, the U.S. Federal Trade Commission …

NCOIL Writes IRS, FTC on Rules it Says Infringe State Regulation

The National Council of Insurance Legislators last week urged the Internal Revenue Service and the Federal Trade Commission to reconsider proposed rules that the organization said encroaches on state regulation. The first of the letters from NCOIL addresses a years …

The New M&A Rules That Would Delay Million-Dollar Deals

The US antitrust agencies are requiring firms to turn over much more information about their transactions than before in an overhaul to merger rules that could delay deals by months. The revamp of the so-called Hart-Scott-Rodino filing process, a move …

Publishers Clearing House Settles for $18.5 Million for Misleading Consumers

Publishers Clearing House (PCH), which offers sweepstakes where people can win thousands of dollars per week for life, has agreed to pay $18.5 million and change its business practices to settle allegations it misled consumers about its contests, the U.S. …

FTC Sues Amazon for Hindering Consumer Attempts to Cancel Prime

The US Federal Trade Commission sued Amazon.com Inc. Wednesday, alleging the e-commerce giant duped consumers into signing up for its Prime membership service and deliberately made it hard to cancel. The consumer protection agency filed a lawsuit in Washington state …

Amazon to Pay $30.8 Million to Settle FTC Privacy Claims Over Ring Doorbell

Amazon.com Inc. agreed to pay $30.8 million to resolve two cases brought by the Federal Trade Commission related to privacy lapses by its smart devices. In one case, the FTC alleged that Amazon didn’t take steps to protect the privacy …

What Are the Green Guides and Can They Stamp Out ‘Greenwashing’?

The U.S. Federal Trade Commission (FTC) will weigh major changes for the first time in a decade to its Green Guides, a set of standards for companies making environmental claims, as it sifts through thousands of comments it received on …

FTC Asks Social Media, Video Streaming Firms Info on Misleading Ads

The U.S. Federal Trade Commission (FTC) on Thursday issued orders to eight social media and video streaming firms including Meta Platforms Inc., Twitter, TikTok and YouTube seeking information on how the platforms screen for misleading advertisements. Snap, Amazon.com Inc-owned Twitch, …

FTC Is Preparing Potential Antitrust Case Against Amazon

The US Federal Trade Commission is preparing a possible lawsuit against Amazon.com Inc. that could be filed as soon as this spring, according to people familiar with the investigations. The allegations the agency is preparing to make and the timeline …