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Bank of England Plans to Match US Pace on Stablecoin Regulation: Report
The Bank of England has pledged to introduce its stablecoin regulatory framework at the same pace as the United States. Deputy Governor Sarah Breeden said the plan aims to balance innovation and consumer protection. At the same time, the Financial Conduct Authority has ended its four-year ban on crypto ETNs, marking another major step in the UK’s...
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Uber Sued by FTC Over ‘Deceptive’ Subscription Sign-Ups
Uber was sued by the US Federal Trade Commission. In a complaint filed Monday, the FTC alleges the company charged consumers for its Uber One product without their consent, misled users about the program’s savings and made it “unreasonably” burdensome to cancel the service.
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Landmark US Antitrust Trial Could Force Zuckerberg To Sell Instagram
The Meta case is being made by the Federal Trade Commission (FTC), the powerful US consumer protection agency, and could see the owner of Facebook forced to divest Instagram and WhatsApp.
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Apple, Nvidia Score Relief From US Tariffs With Exemptions
Trump’s administration exempted smartphones, computers and other electronics from its so-called reciprocal tariffs. The exclusions apply to smartphones, laptop computers, hard drives and computer processors and memory chips as well as flat-screen displays. Those popular consumer electronics items generally aren’t made in the US.
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Trump Administration Temporarily Shuts US Consumer Protection Agency
The Trump administration has informed staff at the US consumer protection agency that it is temporarily shuttering its headquarters and pausing all work, according to an email shared Monday with AFP.
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Amazon Sued Over Slow Deliveries To Low-Income Areas In US
The attorney general of the US District of Columbia sued Amazon, accusing it of violating consumer protection laws by making slower deliveries to Prime members in historically lower-income neighbourhoods.
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US Taking Steps To Put Google Under Federal Supervision, Report Says
The US Consumer Financial Protection Bureau (CFPB) has taken steps to put Alphabet's Google under formal federal supervision, the Washington Post reported, potentially mounting yet another regulatory challenge for the Big Tech giant.
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Amazon Steers Consumers To Higher-Priced Items, Says US In Lawsuit
Amazon.com was sued in a proposed U.S. class action accusing the online retailer of violating a consumer protection law by steering hundreds of millions of shoppers to higher-priced items in order to earn extra fees.
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US FTC Opens Investigation Into ChatGPT Maker OpenAI, Claims Firm Broke Consumer Protection Laws: Report
The US Federal Trade Commission has opened an investigation into OpenAI, the maker of ChatGPT, on claims it has run afoul of consumer protection laws by putting personal reputations and data at risk, the Washington Post reported on Thursday.
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Amazon Duped Millions Of Consumers Into Enrolling In Prime, US FTC Says
The lawsuit is one of several actions taken by President Joe Biden's administration intended to rein in the outsized market power of Big Tech firms as it tries to increase competition to protect consumers.
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Bank of England Plans to Match US Pace on Stablecoin Regulation: Report
The Bank of England has pledged to introduce its stablecoin regulatory framework at the same pace as the United States. Deputy Governor Sarah Breeden said the plan aims to balance innovation and consumer protection. At the same time, the Financial Conduct Authority has ended its four-year ban on crypto ETNs, marking another major step in the UK’s...
-
Uber Sued by FTC Over ‘Deceptive’ Subscription Sign-Ups
Uber was sued by the US Federal Trade Commission. In a complaint filed Monday, the FTC alleges the company charged consumers for its Uber One product without their consent, misled users about the program’s savings and made it “unreasonably” burdensome to cancel the service.
-
Landmark US Antitrust Trial Could Force Zuckerberg To Sell Instagram
The Meta case is being made by the Federal Trade Commission (FTC), the powerful US consumer protection agency, and could see the owner of Facebook forced to divest Instagram and WhatsApp.
-
Apple, Nvidia Score Relief From US Tariffs With Exemptions
Trump’s administration exempted smartphones, computers and other electronics from its so-called reciprocal tariffs. The exclusions apply to smartphones, laptop computers, hard drives and computer processors and memory chips as well as flat-screen displays. Those popular consumer electronics items generally aren’t made in the US.
-
Trump Administration Temporarily Shuts US Consumer Protection Agency
The Trump administration has informed staff at the US consumer protection agency that it is temporarily shuttering its headquarters and pausing all work, according to an email shared Monday with AFP.
-
Amazon Sued Over Slow Deliveries To Low-Income Areas In US
The attorney general of the US District of Columbia sued Amazon, accusing it of violating consumer protection laws by making slower deliveries to Prime members in historically lower-income neighbourhoods.
-
US Taking Steps To Put Google Under Federal Supervision, Report Says
The US Consumer Financial Protection Bureau (CFPB) has taken steps to put Alphabet's Google under formal federal supervision, the Washington Post reported, potentially mounting yet another regulatory challenge for the Big Tech giant.
-
Amazon Steers Consumers To Higher-Priced Items, Says US In Lawsuit
Amazon.com was sued in a proposed U.S. class action accusing the online retailer of violating a consumer protection law by steering hundreds of millions of shoppers to higher-priced items in order to earn extra fees.
-
US FTC Opens Investigation Into ChatGPT Maker OpenAI, Claims Firm Broke Consumer Protection Laws: Report
The US Federal Trade Commission has opened an investigation into OpenAI, the maker of ChatGPT, on claims it has run afoul of consumer protection laws by putting personal reputations and data at risk, the Washington Post reported on Thursday.
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Amazon Duped Millions Of Consumers Into Enrolling In Prime, US FTC Says
The lawsuit is one of several actions taken by President Joe Biden's administration intended to rein in the outsized market power of Big Tech firms as it tries to increase competition to protect consumers.
