Federal Trade Commission News

Agency Eyes ‘Right-To-Repair’ Rules to Aid Consumers, Shops

WASHINGTON (AP) — Americans would be freer to repair their broken cellphones, computers, videogame consoles and even tractors themselves or to use independent repair shops under changes being eyed by federal regulators that target manufacturer restrictions. Responding to a new …

Company Offering Pandemic Stock Tips Accused of $137M Fraud

OLLEGE PARK, Md. (AP) –The founders of a company called Raging Bull tout themselves as expert stock traders who teach customers how they, too, can become millionaires. Marketing emails said they found a “hidden bull market” in the COVID-19 pandemic. …

Consumers Protest New Measure of ‘Unfair’ Airline Practices

Consumer advocates are protesting a move by the Trump administration that they say will make it harder for the government to punish airlines that treat passengers unfairly. On the Friday during a four-day Thanksgiving weekend, the Transportation Department made final …

U.S. Democrats Urge Probe of Allegations Regarding TikTok and Children’s Privacy

WASHINGTON — Fourteen Democratic members of the U.S. House of Representatives wrote to the Federal Trade Commission (FTC) on Thursday to urge it to consider probing the short video app TikTok for “blatant disregard” of a consent decree related to …

NY, Feds Sue ‘Pharma Bro’ for ‘Scheme’ to Keep Drug Price Up

NEW YORK — State and federal authorities sued imprisoned entrepreneur Martin Shkreli on Monday over tactics that shielded a profitable drug from competition after a price hike made the so-called “Pharma Bro” infamous. Shkreli was scorned as the bad-boy face …

Carmakers and Repair Shops Clash as Automation Upends Aftermarket

The rapid rise of crash-avoidance technology has set carmakers and repair shops on course for a collision that could determine who controls the $800 billion auto aftermarket in the digital age. Given the unprecedented sophistication of the systems, which include …

Tesla Model 3 Wins Top-Tier Safety Award from Insurance Group

Tesla Inc.’s Model 3 earned a coveted Top Safety Pick+ award from the Insurance Institute for Highway Safety, after the sedan performed better in a crash test than the Model S. The Model 3 earned “good” crash ratings in each …

Facebook Faces Massive Damages in Cambridge Analytica Suit

Facebook Inc. users suing over the social network’s worst-ever privacy scandal gained leverage to pry into its internal records to back up their claims that it failed to safeguard their personal data, exposing the company to potentially billions of dollars …

Facebook Users Revive Lawsuit Over Cambridge Analytica Scandal

Four Facebook Inc. users revived a lawsuit against the social media company, claiming it invaded their privacy and violated its terms of service by selling their data to Cambridge Analytica and more than 150 other companies. The amended complaint, filed …

Facebook Pays Record $5 Billion to Settle U.S. Privacy Claims

Facebook Inc. agreed to pay a record $5 billion to resolve a U.S. investigation into years of privacy violations, a settlement that increases the board of directors’ responsibility for protecting users’ data while changing little about the company’s lucrative advertising …