FTC-PR-240125-1 (Jan. 25, 2024) FTC Launches Inquiry into Generative AI Investments and Partnerships – Agency Issues 6(b) Orders to Alphabet, Inc., Amazon.com, Inc., Anthropic PBC, Microsoft Corp., and OpenAI, Inc. The Federal Trade Commission announced today that it issued orders to five companies requiring them to provide information regarding recent investments and partnerships involving generative […]
Category: News About Companies
News About Companies on JCAP101.com offers updates on how companies engage with regulatory authorities, covering compliance issues, approvals, and legal challenges. This section highlights key developments like new regulations affecting specific industries, investigations into corporate practices, and the results of regulatory reviews or enforcement actions. By emphasizing these interactions, the platform provides valuable insights into how regulatory changes and decisions shape corporate strategies, operations, and market performance.
FTC-PR-240124-1 (Jan. 24, 2025) FTC Acts to Stop FloatMe’s Deceptive ‘Free Money’ Promises, Discriminatory Cash Advance Practices, and Baseless Claims around Algorithmic Underwriting – Order requires FloatMe to provide $3 million for refunds, clean up advertising, halt use of dark patterns to impede cancellation, and institute a fair lending program The Federal Trade Commission is […]
FTC-PR-240123-2 Jan. 23, 2024 Statement on Second Circuit Order Upholding “Pharma Bro” Martin Shkreli’s Lifetime Ban Today, the United States Court of Appeals for the Second Circuit affirmed a district court ruling which ordered “Pharma Bro” Martin Shkreli to face a lifetime ban from participating in the pharmaceutical industry and found Shkreli liable for $64.6 […]
FTC-PR-240123-1 FTC Finalizes Order Requiring Old Southern Brass to Stop False Made In USA and Veteran Affiliation Claims Following a public comment period, the Federal Trade Commission finalized a consent order (PDF) settling charges that Florida-based EXOTOUSA LLC, (doing business as Old Southern Brass) falsely claimed that certain company products were manufactured in the U.S, and […]
FTC-PR-240122-2 (Jan. 22, 2024) Statement from Samuel Levine, Director of FTC Bureau of Consumer Protection, Regarding the Commission’s Order and Opinion in the Intuit TurboTax Case Following is a statement from Samuel Levine, Director of the Federal Trade Commission’s Bureau of Consumer Protection, regarding the Commission’s opinion (PDF) and order (PDF) in the case against Intuit […]
FTC-PR-240122-1 (Jan. 22, 2024) FTC Issues Opinion Finding that TurboTax Maker Intuit Inc. Engaged in Deceptive Practices – Commission order prohibits Intuit from claiming a product or service is free unless it’s free for all or must disclose detail about who qualifies The Federal Trade Commission has issued an Opinion and Final Order that Intuit […]
FTC-PR-240118-1 (Jan. 18, 2024) FTC Order Will Ban InMarket from Selling Precise Consumer Location Data – Proposed settlement is FTC’s second in recent weeks aimed at limiting the collection, use, and sale of consumers’ location data Data aggregator InMarket Media will be prohibited from selling or licensing any precise location data to settle Federal Trade […]
FTC-PR-240117-3 (Jan. 17, 2024) FTC Action Leads to Ban for Ganadores Real Estate and Income Scam, its Owner, and Managers – Proposed court orders would permanently shut down scam, require companies and individuals to turn over millions of dollars in assets for refunds A Federal Trade Commission lawsuit has led to the permanent end to […]
FTC-PR-240110-2 (Jan. 10, 2024) FTC Announces Claims Process for Consumers Affected by CafePress’s Data Security Failures The Federal Trade Commission is launching a claims process for consumers who had their Social Security numbers exposed in a data breach involving online merchandise platform CafePress. The claims process stems from a settlement the FTC announced in March 2022 with […]
FTC-PR-240110-1 (Jan. 10, 2024) FTC Extends Deadline for Fortnite Players to Request Refunds for Unwanted Items The Federal Trade Commission has extended the deadline for Fortnite gamers and their parents or guardians to submit a claim for compensation from the agency’s 2023 settlement with Epic Games over allegations that the video game maker used dark patterns and other deceptive practices to […]