U.S. Federal Trade Commission News

Meta Must Face Trial After Judge Pares Some FTC Claims

Meta Platforms Inc. will face a somewhat scaled-back antitrust trial over its alleged dominance of social networking after a federal judge threw out some allegations by the U.S. Federal Trade Commission, but the heart of the case remains. In a …

FTC Sues Fintech App Dave Over Misleading $500 Cash Advance Ads

The U.S. Federal Trade Commission sued financial technology company Dave Inc. in Los Angeles on Tuesday, accusing it of luring users to its personal finance app by advertising cash advances of up to $500 that many never receive. Very few …

Lyft to Pay $2 Million to Resolve FTC Suit Over Driver Pay

Lyft Inc. agreed to pay $2.1 million to resolve a lawsuit by the U.S. Federal Trade Commission accusing the ride-hailing company of deceiving drivers about how much they would earn when consumer demand picked up after the pandemic. The agency …

FTC Announces Crackdown on Deceptive AI Claims, Schemes

The U.S. Federal Trade Commission announced actions against five companies on Wednesday that it said used artificial intelligence in deceptive and unfair ways. Three of the cases suspended operations at businesses that purported to help consumers generate passive income by …

FTC Sues Drug Middlemen Over Manipulating Insulin Market

The U.S. Federal Trade Commission sued units of CVS Health Corp., Cigna Group and UnitedHealth Group Inc. on Friday, accusing the drug middlemen of engaging in illegal rebate programs that drove up the price of insulin. The agency said it …

U.S. Judge Will Not Block Biden Administration Ban on Worker ‘Noncompete’ Agreements

A federal judge on Tuesday rejected a bid by a tree-trimming company to block a U.S. Federal Trade Commission rule from taking effect that would ban agreements commonly signed by workers not to join their employers’ rivals or launch competing …

Ban on Worker Noncompetes Faces Uphill Legal Battle

The U.S. Federal Trade Commission’s ban on “noncompete” agreements commonly signed by workers is likely vulnerable to legal challenges, experts said, as some courts have grown increasingly skeptical of federal agencies’ power to adopt broad rules. The commission in unveiling …