The FTC has offered support to Epic Games in that company’s legal battle with Google. The Federal Trade Commission (FTC) said Tuesday (Aug. 13) that it had filed an amicus brief on behalf of Epic in the case, outlining how a federal judge should consider potential remedies when determining relief following...
FTX and sister company Alameda Research have agreed to pay their creditors $12.7 billion. The agreement, approved Wednesday (Aug. 7) by U.S. District Judge P. Kevin Castel, is part of a settlement between the fallen cryptocurrency platform and the Commodity Futures Trading Commission (CFTC). Under the agreement, FTX and...
The Federal Trade Commission (FTC) has announced proposed settlements in a case involving the owners and operators of credit repair operation Financial Education Services (FES). The proposed court orders include permanent bans for those behind an alleged credit repair pyramid scheme and a requirement to turn over...
Elon Musk has reportedly resurrected his suit against OpenAI, the AI startup he helped found. The world’s richest man had sued the artificial intelligence (AI) company in March, only to withdraw the suit in June one day before it was set to go to trial. Now, he has...
A lawsuit accuses StubHub of tricking its customers into paying inflated prices. The lawsuit, filed Wednesday (July 31) by Washington, D.C., Attorney General Brian Schwalb, said the concert/event ticketing platform engages in the “deceptive and unfair” practice of hiding mandatory fees from customers, while also...
Meta will pay a record $1.4 billion to settle a biometrics-related lawsuit in Texas. In a Tuesday (July 30) news release, Texas Attorney General Ken Paxton said the settlement was the largest ever from an action brought by a single state, and is the largest privacy...
A monthly charge on American phone bills that subsidizes telecom services for poor and rural users may be reviewed by the U.S. Supreme Court after a federal appeals court said the charge is unconstitutional. The 5th U.S. Circuit Court of Appeals in New Orleans announced...
The Federal Trade Commission (FTC) said Monday (July 22) that a federal court halted the operations and froze the assets of the operators of USA Student Debt Relief (USASDR). The FTC asked the court to issue the order, alleging that the operators pretended to be affiliated with the...
The Federal Reserve Board said Friday (July 19) that it fined Green Dot $44 million for unfair and deceptive practices and a deficient consumer compliance risk management program. The regulator said in a Friday press release that while marketing, selling and servicing its prepaid debit card products and its...
