Items tagged "FTC"

Press Release

Public Knowledge Responds to Facebook Announcement of FTC Investigation

July 24, 2019 Antitrust Law , Competition Policy , Facebook , FTC

Today, Facebook confirmed during its Q2 earnings call and in its quarterly report that the Federal Trade Commission notified the company in June that the agency has opened an antitrust investigation into Facebook. An FTC investigation means there is particular conduct by the company that the agency is interested in, and that the agency is examining that conduct to determine if it violates antitrust law.

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Press Release

Public Knowledge Warns $5 Billion FTC Facebook Settlement Insufficient to Protect Consumers

July 24, 2019 consumer protections , Facebook , FTC , Platform Competition , Privacy

Today, the Federal Trade Commission released details of its $5 billion settlement with Facebook over the company’s repeated violations of a 2012 consent decree, which includes privacy violations such as the Cambridge Analytica incident.

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Press Release

Public Knowledge Welcomes Equifax Settlement, Renews Call For Privacy Legislation

July 22, 2019 Consumer Privacy , consumer protections , Data Breach , Equifax , FTC

Today, the Federal Trade Commission and the Consumer Financial Protection Bureau announced an Equifax settlement that includes a fine up to $700 million for the 2017 Equifax data breach that jeopardized sensitive financial data of millions of Americans.

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Press Release

Public Knowledge Criticizes Reported $5 Billion Facebook Settlement

July 12, 2019 Cambridge Analytica , consent decree , Consumer Privacy , Facebook , FTC

Reports indicate that the Federal Trade Commission recently voted 3-2 along party lines to approve a roughly $5 billion settlement with Facebook over the company’s repeated privacy violations, including the Cambridge Analytica incident. The FTC is expected to unveil the terms of the fine — including possible conditions — once the Department of Justice has finalized the settlement.

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Press Release

Public Knowledge Welcomes Bill to Increase Merger Filing Fees

June 20, 2019 budget , DOJ , FTC , Mergers

Today, Senate Finance Committee Chairman Chuck Grassley (R-IA) and Senate Antitrust Subcommittee Ranking Member Amy Klobuchar (D-MN), introduced the Merger Filing Fee Modernization Act. The Act would increase merger filing fees for large mergers reviewed by the Department of Justice Antitrust Division and the Federal Trade Commission, and use the additional funding to increase budgets for the two enforcers.

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Press Release

Judge Rules Qualcomm’s Practices Violate Antitrust Law

May 22, 2019 Antitrust , Competition , FTC , Litigation , Qualcomm

Today, Judge Lucy Koh of the Northern District Court of California ruled that Qualcomm’s patent licensing practices violate the Federal Trade Commission Act.

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Press Release

Public Knowledge Urges FTC to Tie Any Facebook Fine to Protecting Users

April 25, 2019 consent decree , consumer protections , Facebook , FTC , Privacy

Facebook announced yesterday that it expects to pay a fine up to $5 billion dollars over accusations that the company violated its 2011 consent decree with the Federal Trade Commission over consumer privacy on the social media platform. The company also said there can be no assurances as to the terms of resolution of the investigation.

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Press Release

Public Knowledge Looks Forward to FTC Data Practices Study

March 21, 2019 Competition Policy , consumer protections , data practices , Data Protection , FTC

According to reports, the Federal Trade Commission plans to open a study into the technology industry’s data practices. Called a “6(b)” study, this type of study enables the agency to broadly review an industry practice and allows the agency to compel information from witnesses. Public Knowledge previously urged the FTC to conduct such a study and commends the move to shine a light on the competitive impacts of these data practices.

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Press Release

Public Knowledge Supports Slaughter’s Call to Improve Vertical Merger Enforcement

January 29, 2019 Competition , Competition Policy , consent decree , FTC , Mergers

Today, the Federal Trade Commission announced a consent decree in the Staples-Essendant merger. Commissioners Slaughter and Chopra dissented, arguing the consent decree would be insufficient to address their competitive concerns with the merger.

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Press Release

Public Knowledge Opposes Antiquated Privacy Bill Barring States from Protecting Consumers

January 17, 2019 Consumer Privacy , consumer protections , FCC , FTC , Privacy

Yesterday, Senator Marco Rubio (R-FL) introduced the “American Data Dissemination (ADD) Act,” which would require the Federal Trade Commission to recommend privacy regulations in line with the 1974 Privacy Act to Congress and also prevent states from passing their own privacy laws. Additionally, the bill would preempt those state protections already in place, effectively walking back the few privacy safeguards consumers have.

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