PYMNTS-MonitorEdge-May-2024

FTC

FTC Chair Lina Khan Faces Republican Scrutiny Over Budget Increase
FTC Chair Lina Khan Faces Republican Scrutiny Over Budget Increase
July 13, 2023  |  Regulation

Federal Trade Commission (FTC) Chair Lina Khan faced scrutiny from Republicans at a Thursday (July 13) House Judiciary Committee Oversight hearing. Under Khan, the FTC’s budget has...

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FTC Investigates OpenAI Over Role in Spreading AI-Generated Misinformation
FTC Investigates OpenAI Over Role in Spreading AI-Generated Misinformation
July 13, 2023  |  artificial intelligence

Artificial intelligence (AI) is becoming a non-artificial threat. That’s because while the apocalyptic doomerism surrounding the technology’s threat to humanity as a whole may be...

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Celsius Founder Facing Fraud Charges and 3 Regulatory Lawsuits
Celsius Founder Facing Fraud Charges and 3 Regulatory Lawsuits
July 13, 2023  |  Cryptocurrency

The ex-CEO of Celsius is facing federal fraud charges as the government’s crackdown on the cryptocurrency sector continues. In addition to the charges filed Thursday (July 13)...

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Report: FTC Investigating OpenAI Data Security and Other Issues
Report: FTC Investigating OpenAI Data Security and Other Issues
July 13, 2023  |  artificial intelligence

The Federal Trade Commission (FTC) is reportedly investigating OpenAI for issues around false information and data security. The regulator has sent a letter to the...

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FTC Warns About Scammers Impersonating Agency Staff
FTC Warns About Scammers Impersonating Agency Staff
July 11, 2023  |  Security & Fraud

The Federal Trade Commission (FTC) is warning consumers to be wary of scammers pretending to be staff members. The FTC issued a press release and blog post on Tuesday (July 11)...

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America’s New Merger Rules Could Add Months to Process
America’s New Merger Rules Could Add Months to Process
July 09, 2023  |  Regulation

Proposed regulations for mergers and acquisitions could add months to the deals process. That’s according to antitrust lawyer Kara Kuritz, who spoke with Seeking Alpha...

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FTC: Walmart ‘Turned Blind Eye’ to Telemarketing Rule Violations
FTC: Walmart ‘Turned Blind Eye’ to Telemarketing Rule Violations
July 02, 2023  |  Walmart

Federal regulators have offered new details in a legal action involving Walmart’s money-transfer operations. The Federal Trade Commission (FTC) announced Friday (June 30) that it had amended its year-old complaint against the...

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Private Equity Firms Could Suffer Under New Merger Rules
Private Equity Firms Could Suffer Under New Merger Rules
July 02, 2023  |  Regulation

New U.S. rules governing mergers could hit private equity firms harder than most companies. That’s according to a report Saturday (July 1) by the Financial Times, citing...

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Amazon Faces Broadscale FTC Antitrust Suit
Amazon Faces Broadscale FTC Antitrust Suit
June 29, 2023  |  ANTITRUST

A federal regulator is reportedly preparing a wide-ranging antitrust suit against Amazon. The Federal Trade Commission (FTC) plans to file the suit — which deals...

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