Tag: FTC

Commentary: To Appease Environmentalists, the FTC Will Cripple U.S. Energy

RealClearWire
FTC Chair Lina Khan

In the movie The Perfect Storm, George Clooney and Mark Wahlberg are among the crew of a boat off the Northeast coast that is caught in the convergence of multiple powerful storms. The combination of tempests ultimately takes down the craft and its crew. We should all hope one of our nation’s most vital industries doesn’t succumb in similar fashion as it is caught in a perfect storm of ideological rigidity, bureaucratic arrogance, and regulatory overreach.

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Audit of Grand Canyon University Fails to Find Wrongdoing amid the Institution’s Legal Battle with the Biden Administration

Kaitlin Housler
Grand Canyon University campus

A recent risk-based audit of Grand Canyon University conducted by the Arizona State Approving Agency (SAA) for the U.S. Department of Veterans Affairs did not “show any findings” related to the institution’s doctoral disclosures, which have been targeted by the Biden administration’s Federal Trade Commission (FTC) through a $37.7 million fine.

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Commentary: Giving the FTC More Power Won’t Keep Kids Safe Online

Admin

We have seen a rise in parents concerned about social media’s impact on our children across Tennessee and America. As a proud parent and the chairman of Latinos for Tennessee, I firmly believe that parents must play a central role in ensuring the safety of our children online. I also firmly believe in states’ rights and that when it comes to enforcing legislation to protect our children, I trust Tennessee’s own Attorney General Jonathan Skrmetti much more than the bureaucrat-heavy Federal Trade Commission (FTC).

I have previously written that the well-being of future generations depends on our federal representatives taking appropriate action to protect children by empowering parents. This issue has become even more pressing as children increase their daily screen time. As a leader in the Latino community, I worry because, “Latino adolescents have a higher rate of social media use” and “face greater risks of experiencing adverse mental health outcomes,” according to the Julian Samora Research Institute at Michigan State University.

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Tennessee AG Skrmetti Joins New Initiative Attempting to Crack Down on Illegal Telemarketing Calls

Kaitlin Housler

Tennessee Attorney General Jonathan Skrmetti announced Tuesday his office has joined a new, joint state and federal initiative to crack down on illegal telemarketing calls to U.S. consumers.

Skrmetti’s office joined the Operation Stop Scam Calls intuitive, a partnership with the Federal Trade Commission (FTC), law enforcement agencies nationwide, and attorneys general from all 50 states and the District of Columbia.

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Florida AG, FTC Taking Legal Action to Shut Down COVID-19 Scam Targeting Minority-Owned Small Businesses

The Center Square

Florida Attorney General Ashley Moody and the Federal Trade Commission have taken legal action to shut down what they say was a fraudulent scheme perpetrated by a company targeting minority-owned small businesses.

They filed a joint complaint in the U.S. District Court for the Middle District of Florida where Judge Marcia Morales Howard issued a temporary restraining order against the company, preventing it from doing any more business.

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Tennessee Department of Commerce and Insurance Warns Tennesseans of Identity Theft

Morgan Nicole Veysey
silhouette of person with hoodie on

The Tennessee Department of Commerce and Insurance (TDCI) warned Tennesseans of identity theft during their Identity Theft Awareness Week. The week (Jan. 31 – Feb. 4, 2022) will include events to help spread awareness on the various forms of online theft, and how to protect personal information. 

According to the statement, the Federal Trade Commission’s Sentinel Network identified over 15,000 instances of identity theft across Tennessee in 2021.

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Biden Asks Asian Countries to Release Oil Reserves as Administration Scrambles to Combat High Gas Prices: Report

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Joe Biden

The Biden administration asked China, Japan, South Korea and India to tap into their emergency oil reserves as the president continues to grapple with rising gasoline prices, Reuters reported.

The effort to simultaneously release oil reserves represents a rebuke of the Organization of the Petroleum Exporting Countries (OPEC), the cartel that controls oil production throughout the Middle East, several anonymous sources familiar with the request told Reuters on Wednesday. OPEC has repeatedly rejected requests from President Joe Biden and other top administration officials to increase oil production amid rising gasoline prices.

The four Asian nations the president appealed to represent some of the largest energy consumers and greenhouse gas emitters, according to a University of Oxford database.

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Facebook Fined Nearly $70 Million After Ignoring UK Government Orders

Peter D'Abrosca

Facebook’s seemingly-unending stream of bad publicity continued this week, when it was fined nearly $70 million by the United Kingdom for what is being described as a deliberate lack of compliance into an anti-trust investigation. 

The UK’s Competition and Markets Authority (CMA) has been investigating Facebook’s acquisition of Giphy for nearly a year, and ordered the company to produce information “required information related to an initial enforcement order (IEO) placed on it by the watchdog, despite repeated requests for it to do so,” according to TechCrunch. 

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U.S. Files New Complaint Against Facebook over Monopoly Concerns

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The U.S. government amended its antitrust complaint against Facebook on Thursday, bolstering allegations that the tech company illegally maintained a monopoly.

The amended complaint follows the Federal Trade Commission’s (FTC) dismissed December 2020 complaint which failed to adequately prove the tech giant’s monopoly in the “Personal Social Networking Services” market.

The FTC alleges that Facebook illegally acquired competitors WhatsApp and Instagram in order to stifle competition, maintaining monopoly power by preventing competitors from operating on Facebook software.

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Commentary: The Federal Trade Commission Shouldn’t Be a Lawless Agency

RealClearWire

The Federal Trade Commission has been on the march.  Over the past month, the Commission has held two “open” meetings, rescinded two major bipartisan agreements by party-line vote, and positioned itself to write regulations for the first time in decades.

In the words of a former commissioner, the current FTC is “Icarus flying without the constraints of history, economics, or law.”  He predicts that its “regulatory overreach…will end with the FTC’s wings melting in the courts.”

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Facebook Files Petition Demanding FTC Chair Lina Khan Recuse Herself From Antitrust Case

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Lina Khan Facebook Headquarters

Facebook filed a petition Wednesday asking for Federal Trade Commission (FTC) Chair Lina Khan to recuse herself from the FTC’s antitrust case against the company.

The tech giant argued in the petition that Khan’s public statements, in which she suggested Facebook’s conduct constituted an antitrust offense, violated the company’s due process rights.

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Biden’s Executive Order Targets Big Tech, Urges FCC to Restore Net Neutrality

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Joe Biden

President Joe Biden is taking aim at Big Tech and Big Telecom’s growing power with a new executive order that will add regulations and facilitate competition within the industries.

The order, which Biden is expected to sign Friday, includes over 70 provisions, all aimed at promoting competition within tech and telecom, both of which have become more monopolistic in recent years.

It encourages the Federal Trade Commission to overhaul its rules regarding personal data collection and bans unfair competition practices online, according to a White House fact sheet. It also calls for more scrutiny when examining potential corporate mergers, especially when a larger corporation acquires a smaller one or when it could affect customers’ privacy or competition within the sector.

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Amazon Demands Recusal of Federal Trade Commission Chair from Any Antitrust Investigations

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Federal Trade Commission

Tech giant Amazon recently demanded that the chairwoman of the Federal Trade Commission be recused from any antitrust investigations into the company, according to the Daily Caller.

Amazon filed the petition with the FTC on Wednesday, accusing Chairwoman Lina Khan of being biased due to the fact that she “has, on numerous occasions, argued that Amazon is guilty of antitrust violations and should be broken up.” The petition continued by declaring that “these statements convey to any reasonable observer the clear impression that she has already made up her mind about many material facts relevant to Amazon’s antitrust culpability as well as about the ultimate issue of culpability itself.”

The FTC is already conducting several antitrust investigations, including against Amazon; their most recent efforts are focusing on Amazon’s possible acquisition of the film studio Metro Goldwyn Mayer (MGM), a purchase of nearly $9 billion announced last month.

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ANALYSIS: DOJ Investigators Involved in Antitrust Probe Don’t Appear to be Scrutinizing Claims of Bias in Google’s Search

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by Peter Hasson and Chris White   Department of Justice investigators who are conducting an antitrust probe targeting Google do not appear to be scrutinizing claims that the tech giant manipulates its search function, leaks about the probe and a source familiar with it indicate. Google critics argue that Google Search must be a focus of the investigation, pointing to the company’s sheer dominance in the market: Google consistently accounts for roughly 90% of online information searches, and company employees have expressed a willingness to artificially manipulate search results on the platform. Google did not comment on allegations of search bias, or on the pending antitrust investigation. “We continue to engage with the ongoing investigations led by the Department of Justice and Attorney General Paxton, and we don’t have any updates or comments on speculation,” Google spokeswoman Julie McAlister told the Daily Caller News Foundation. The company’s goal is focusing on the kind of products that serve customers and support businesses, she added. Google’s search feature can potentially skew a major national election toward one candidate over another, according to Robert Epstein, a research psychologist at the American Institute for Behavioral Research and Technology. Research he published in 2017 suggests Google’s bias affected the vote in the 2016 election.…

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Senators Cruz and Hawley Urge FTC to Open Investigation Into Big Tech’s Censorship Practices

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by Chris White   Two of the country’s staunchest big tech critics are asking the Federal Trade Commission to investigate social media companies’ perceived censorship practices. Facebook, Google and Twitter exercise lots of influence on Americans and they also use their tools to censor some content while amplifying others, Sens. Ted Cruz of Texas and Josh Hawley of Missouri wrote in a letter Monday to the FTC. They are asking the agency to open a public probe into the impact such policies have on people. “Companies that are this big and that have the potential to threaten democracy this much should not be allowed to curate content entirely without any transparency,” they wrote. “These companies can greatly influence democratic outcomes, yet they have not accountability to voters.” They added: “They are not even accountable to their own customers because nobody knows how theses companies curate content.” Cruz and Hawley are two of the biggest Republican critics of Google and Facebook, both of which are consistently accused of discriminating against conservative content. Hawley, for his part, introduced the Ending Support for Internet Censorship Act in June that aims to amend Section 230 of the Communications Decency Act, which gives online companies immunity only if they…

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Blackburn, Klobuchar Team Up to Ask FTC Investigate Online Platforms Over Privacy, Antitrust Concerns

Jason M. Reynolds

U.S. Sens. Marsha Blackburn (R-TN) and Amy Klobuchar (D-MN) on Monday called for a Federal Trade Commission investigation into online platforms over privacy concerns, data security and antitrust violations. Blackburn tweeted, “Today, @SenAmyKlobuchar and I urged the @FTC to hold tech companies like @Google and @Facebook accountable for securing their platforms. Tennesseans are rightly concerned about who owns their #VirtualYou.” Today, @SenAmyKlobuchar and I urged the @FTC to hold tech companies like @Google and @Facebook accountable for securing their platforms. Tennesseans are rightly concerned about who owns their #VirtualYou. pic.twitter.com/rQvvY0ZPce — Sen. Marsha Blackburn (@MarshaBlackburn) April 8, 2019 The letter comes a few weeks after U.S. Rep. David Cicilline (D-RI-01), the chairman of the House Judiciary Committee’s antitrust subcommittee, asked for the FTC to probe whether Facebook has violated antitrust laws, The Hill said. Blackburn said in a press release, “Tennesseans are rightly concerned about who owns their Virtual You. They want to be certain that their privacy is protected in both the physical and virtual space. The FTC has a responsibility to hold technology companies accountable for securing their platforms. My hope is that through this bipartisan effort we will shed light on the need to protect competition and online privacy to keep up…

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Seven Steps Next Director Can Take to Make the Consumer Financial Protection Bureau Less Awful

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Kathy Kraninger

by Norbert Michel   The Trump administration has nominated Kathy Kraninger to be the next director of the Consumer Financial Protection Bureau, and Roll Call reports that her confirmation hearing was “as politically contentious as it’s gotten in the last year and a half” on the otherwise “senatorial Senate Banking Committee.” Ignore the political drama. The real story is the fact that the Bureau has been making some very positive changes under acting director Mick Mulvaney, a founding member of the House Freedom Caucus. To be clear, the Bureau should not exist. It was created based on the false premise that there was insufficient consumer protection law prior to the 2008 crisis, and that evil lenders preying on unsuspecting borrowers caused the mortgage meltdown. Mortgages are not, despite Sen. Elizabeth Warren’s claims, anything like faulty toasters, and more than 20 federal consumer financial protection statutes existed prior to 2008. Furthermore, the crisis itself was caused by too much government, not too little. Congress should never have created a new federal agency, much less one with the bizarre (possibly unconstitutional) structure that it gave the CFPB. At best, Congress should have consolidated authority for the 20-plus federal consumer financial protection statutes that existed prior to 2008 at the Federal…

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