Search

Nalezeno "Federal Trade Commission": 29

FTC cracks down on ‘deceptive’ AI projects, including an AI lawyer

26.9.2024
“Operation AI Comply” is part of the US federal agency’s latest round of enforcement actions against companies it claims used AI to harm consumers

CFTC partners up to warn on crypto pig butchering scams

12.9.2024
Multiple US federal agencies have come together to distribute an infographic on crypto pig butchering to help Americans recognize and avoid the scam

FTC Calls Xbox Game Pass Price Hike 'Exactly The Sort Of Consumer Harm' It Tried To Stop

19.7.2024
On Wednesday, the Federal Trade Commission pointed to Microsoft’s recent pricing overhaul of Xbox Game Pass as evidence of the harm its merger with Activision Blizzard has had on consumers. The agency filed a new letter in its ongoing appeal of last year’s deal, calling the changes “exactly...

FTC Updates Rules to Address AI Deepfake Threats to Consumer Safety

16.2.2024
The US Federal Trade Commission (FTC) proposed making new updates on an artificial intelligence (AI) deepfake rule on February 16. The government agency said the proposed rule changes would protect users from AI impersonations. According to the ‘Rule on Impersonation of Government and Businesses’...

FTC Is Still Trying To Block The Xbox And Activision Merger

7.12.2023
Just when we thought Microsoft’s Activision acquisition was finally set in stone two months ago, it looks like the Federal Trade Commission has made another appeal to block Master Chief and John Call of Duty’s marriage.Read more

FTC Warns Consumers Crypto Deposits Are Not FDIC Insured

17.10.2023
The U.S. Federal Trade Commission (FTC) has warned consumers that crypto deposits are not insured by the Federal Deposit Insurance Corporation (FDIC). “That money isn’t FDIC insured or protected if the crypto company goes under,” the agency cautioned. “If something happens,...

CFTC Sues Former CEO of Crypto Lender Voyager for Fraud

14.10.2023
The U.S. Commodity Futures Trading Commission (CFTC) charged the former CEO of bankrupt cryptocurrency lender Voyager Digital with fraud. The regulator accused Stephen Ehrlich and the company of luring investors with promises of high-yield returns while breaking derivatives rules. Ehrlich was also...

Voyager Digital was ‘no better than a house of cards’ — CFTC commissioner

13.10.2023
CFTC Commissioner Kristin Johnson’s comments came after separate lawsuits from the CFTC and FTC were filed against Voyager and its former CEO Stephen Ehrlich

Voyager Ex-CEO Charged by U.S. Regulators With Fraud, Making False Claims

12.10.2023
U.S. regulators have targeted former Voyager Digital CEO Stephen Ehrlich with lawsuits claiming he engaged in fraud and deliberately misrepresented his customers’ government protections

Fortnite Players Can Now Get A Refund From Historic FTC Settlement

20.9.2023
Good news, everyone: now Fortnite can pay you. After a spat with the FTC wherein Epic Games settled for $245 million dollars, the Federal Trade Commission has launched a webpage for eligible Fortnite players to get some money back. Read more

Former Celsius Boss Alex Mashinsky Seeks Dismissal of FTC Lawsuit

13.9.2023
Alex Mashinsky, the former CEO of Celsius Network, has filed a motion to dismiss the Federal Trade Commission (FTC) lawsuit against him. In the motion, Mashinsky argues the FTC has failed to allege he violated any laws or rules. His lawyers say the FTC is not entitled to monetary relief and cannot...

Former Celsius CEO Alex Mashinsky Seeks to Quash U.S. FTC Case

12.9.2023
Mashinsky was arrested in June on allegations of misleading investors and manipulating tokens, and also faces parallel actions from multiple regulators

Celsius Founder Alex Mashinsky’s Bail Set at $40 Million, Travel Restricted Amid Fraud Charges

14.7.2023
Just before the now-defunct crypto lender Celsius was charged by three U.S. federal regulators — the Commodity Futures Trading Commission (CFTC), Securities and Exchange Commission (SEC), and Federal Trade Commission (FTC) — its former CEO, Alexander Mashinsky, was arrested on fraud charges...

FTC Blasted By Congress And Gamers For Doing Its Job

14.7.2023
Under chair Lina Khan, the Federal Trade Commission (FTC) has taken a lot of heat for trying to be aggressive in its approach to regulating tech companies and preventing monopolies. Now the FTC is facing criticism from both Republicans in Congress and very online Xbox fans for appealing a recent...

FTC Slaps Crypto Lender Celsius With $4.7B Fine for Deceiving Consumers and Mismanaging Deposits

13.7.2023
On Thursday, following the U.S. Securities and Exchange Commission (SEC) suing the insolvent crypto lender Celsius, the Federal Trade Commission (FTC) divulged a settlement with the firm and imposed a $4.7 billion fine for “duping consumers.” Nevertheless, the penalty will be deferred to enable...

‘Biased, deceptive': Center for AI accuses ChatGPT creator of violating trade laws

31.3.2023
The group believes GPT-4 violates Section 5 of the FTC Act, which prohibits ''unfair or deceptive acts or practices in or affecting commerce.''

US Federal Trade Commission Investigates Marketing Schemes of Crypto Firm Voyager

22.2.2023
According to a court document filed recently in the Voyager Digital bankruptcy case, the U.S. Federal Trade Commission (FTC) is investigating the marketing of the crypto firm. Like the U.S. Securities and Exchange Commission (SEC), the FTC has objected to Binance US purchasing Voyager’s...