PYMNTS-MonitorEdge-May-2024

FTC

Tech Titans in the Crosshairs: DOJ and FTC Ready to Rumble Over AI Dominance
Tech Titans in the Crosshairs: DOJ and FTC Ready to Rumble Over AI Dominance
June 10, 2024  |  artificial intelligence

The Justice Department and the Federal Trade Commission (FTC) are reportedly gearing up to unleash their antitrust hounds on Microsoft, OpenAI and Nvidia, according to...

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This Week in AI: Regulation Ramp Up, Intel and AI Chips, FTC Probe
This Week in AI: Regulation Ramp Up, Intel and AI Chips, FTC Probe
June 07, 2024  |  artificial intelligence

This week in artificial intelligence (AI) news, regulation is ramping up as policymakers aim to ensure safe and responsible AI development. Meanwhile, tech giants like...

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AI Giants Set to Face US Antitrust Probes
AI Giants Set to Face US Antitrust Probes
June 06, 2024  |  artificial intelligence

American regulators are reportedly readying antitrust investigations into three major players in the AI industry. The Justice Department and Federal Trade Commission (FTC) have come...

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Sen. Ron Wyden Calls for Investigation of UnitedHealth Group Cyberattack
Sen. Ron Wyden Calls for Investigation of UnitedHealth Group Cyberattack
May 30, 2024  |  Cybersecurity

Senate Finance Committee Chair Ron Wyden, D-Ore., has called on the Biden administration to investigate the cybersecurity incident at UnitedHealth Group. In a Thursday (May...

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FTC: Company Impersonation Scams Cost Consumers Millions of Dollars
FTC: Company Impersonation Scams Cost Consumers Millions of Dollars
May 24, 2024  |  Security & Fraud

The Federal Trade Commission said it has been flooded with reports from consumers who have been taken in by scammers purporting to represent some of today’s leading companies. The FTC said Friday (May...

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FTC Announces $10M Settlement With BlueSnap, 2 Former Executives
FTC Announces $10M Settlement With BlueSnap, 2 Former Executives
May 01, 2024  |  Legal

The Federal Trade Commission (FTC) has announced a settlement with payment processing company BlueSnap and its former CEO Ralph Dangelmaier and former Senior Vice President Terry Monteith. The FTC charged these...

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Walmart-Vizio Merger Gets FTC Antitrust Scrutiny
Walmart-Vizio Merger Gets FTC Antitrust Scrutiny
April 30, 2024  |  Acquisitions

Federal regulators are examining Walmart’s plan to buy smart television maker Vizio. The Federal Trade Commission (FTC) is conducting an antitrust review of the proposed $2.3 billion merger, Vizio said in a...

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FTC Files Complaint Against Doxo, Alleging Misleading Ads
FTC Files Complaint Against Doxo, Alleging Misleading Ads
April 25, 2024  |  Regulation

The Federal Trade Commission (FTC) is taking action against doxo, saying the bill payment company misleads consumers and tacks on junk fees. The agency filed a federal court complaint alleging...

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Chamber of Commerce Plans to Sue to Overturn FTC Non-Compete Ban
Chamber of Commerce Plans to Sue to Overturn FTC Non-Compete Ban
April 24, 2024  |  Legal

The U.S. Chamber of Commerce is blasting the FTC’s new ban on non-compete clauses. Soon after the Federal Trade Commission (FTC) imposed the ban on Tuesday (April 23),...

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