Walmart's $2 eggs spark concerns, questions
In December, the average cost for a dozen large Grade A eggs in U.S. cities hit $4.25, up $1.79 from a year earlier.
Candace Owens has new theory for what's causing egg shortage
Owens and Fox News' Tucker Carlson are putting the blame on companies, while one farm organization has a completely different viewpoint.
Cryptocurrency Fraud Is Growing Fast And Consumers Must Be Protected
While government agencies have begun to recognize the need to combat crypto fraud, it's clear that the frequency of cryptocurrency fraud is outpacing the ability of consumer watchdogs to police it.
Credit Karma Fined $3M for 'Tricking' Users With Allegedly False Offers
Almost one third of customers who applied for some of Credit Karma's "pre-approved" offers were denied, alleged the FTC.
FTC Sues Company Over Tracking Data to 'Sensitive' Locations
The Federal Trade Commission filed a lawsuit against data broker Kochava for allegedly selling geolocation data from hundreds of millions of mobile devices.
Avoiding Student Loan Forgiveness Scams as Biden Mulls Decision
"Scammers might promise a loan forgiveness program—that most people won't qualify for," the FTC recently warned.
Price Gouging on Baby Formula Is to Be 'Actively' Monitored by FTC
President Joe Biden wrote a letter to the FTC requesting that it "bring all of the Commission's tools to bear" to investigate reports of formula price gouging.
TurboTax's 'Free' Software Misleads Millions of Ineligible Users: Lawsuit
"TurboTax is bombarding consumers with ads for 'free' tax filing services, and then hitting them with charges when it's time to file," said the FTC.
People Share 'Strange Events' That Are Rarely Discussed in Viral Thread
"Equifax lost the personal data of almost every single adult [in the U.S.]," said one Redditor, reminding readers of the company's 2017 data breach.
Romance Fraud Scamming Americans Out of Over $1.3B in Past Five Years
"These fraudsters know exactly how to play on people's emotions," a U.S. attorney investigating the scams warned.
Social Media Cons Now Most Profitable Method for Scam Artists
"Social media was far more profitable to scammers in 2021 than any other method of reaching people," the Federal Trade Commission said.
Unlikely Allies AOC, Matt Gaetz Agree That Facebook Needs to Be Stopped
Two members of Congress from opposite ends of the political spectrum said they agreed Facebook should be broken up.
Antitrust Push by Feds Could Halt Mega-Mergers Like $8.45B Amazon-MGM Deal
An antitrust U.S. attorney stated that they were seeing "a truly unprecedented explosion" of merger requests.
FTC Chair Says She 'Won't Back Down' as Big Tech Aims to 'Intimidate'
Lina Khan said she will move "with a fierce sense of urgency" as her agency pursues antitrust actions.
DOJ Announces Aim to Restrict Corporate Mergers Amid Big Tech Buying Spree
"Our country depends on competition to drive progress, innovation and prosperity," Jonathan Kanter of the Justice Department's Antitrust Division said.
Martin Shkreli Gets Lifetime Ban From Pharma Industry for Inflating Costs
U.S. District Judge Denise Cote also ordered Friday that "Pharma Bro" Shkreli pay a $64.4 million fine.
Facebook Sued For Billions Over Harvesting People's Data
The lawsuit argues Meta should pay its 44 million British users compensation for taking all their personal and private data between 2015 and 2019.
Fake COVID Tests Are Circulating Online, Here's How to Avoid Buying Them
The Federal Trade Commission warned about "opportunistic scammers" who are taking "advantage of the spike in demand."
More Testing Can End the War on Cancer. Washington Can Help
The FTC's misguided and dangerous action against better cancer screening will make lifechanging science less accessible to minorities.
Gas Trade Group Calls Biden's Demand for Probe a 'Distraction'
The president asked the FTC to investigate whether Americans are paying more for gas "because of anti-competitive or otherwise potentially illegal conduct."
Biden Urges Probe Into Whether Illegal Conduct to Blame for High Gas Prices
Today, the average price for a gallon of regular unleaded gas is $3.413—more than a dollar higher than the average price one year ago.
Amazon Begins to Repay Illegally Withheld Tips, Drivers Get Average of $422
The FTC said that one driver would receive over $28,000, while the average amount of 139,507 settlement checks and 1,621 PayPal payments was $422.
Utah Company Accused of Falsely Claiming Their Nasal Spray Prevents COVID
"Companies can't make unsupported health claims, no matter what form a product takes or what it supposedly prevents or treats," an FTC official said.
Apple, PayPal Among Tech Giants Ordered to Reveal How Payment Networks Work
"Big Tech companies are eagerly expanding their empires to gain greater control and insight into our spending habits," CFPB Director Rohit Chopra said.
Companies Could Face Over $43K in Fines Per Fake Review as FTC Cracks Down
"Fake reviews and other forms of deceptive endorsements cheat consumers and undercut honest businesses," said Samuel Levine of the FTC.
Congress Must Empower the FTC To Fight Big Tech's Abuses
Now is not the time to let Big Tech run wild.
GOP Rep. Ken Buck Warns 'Big Gov't' Must Get Bigger to Deal With FB, Google
The congressman conceded to The Verge last week that he was wrong to believe "the market will take care of" creating competition within Silicon Valley.
Crypto Scam Victim Loses $384,006 to Fake App: 'I've Shed a Lot of Tears'
Between October 2020 and May 2021, almost 7,000 people in the U.S. lost $80 million to cryptocurrency scammers.
The PRO-SPEECH Act is a Creative Solution to Censorship
Senator Roger Wicker's (R-Miss.) PRO-SPEECH Act, introduced last Thursday, takes a novel approach to one of the most pressing threats to our democracy: Big Tech's control of our political discussion.
Ceding Regulatory Power to the EU Risks U.S. Prosperity and Sovereignty
Our government must not allow erratic, precedent-setting FTC malfeasance to unduly harm patients or the trust of the business community.