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H&R Block sues FTC over ‘deceptive’ free filings tax ads

H&R Block is seeking an order that could shake up a Federal Trade Commission complaint that its tax preparation software engages in deceptive marketing with ads that tout the service as free. filed suit against the Federal Trade Commission. The lawsuit, filed in federal court in Kansas City, Missouri, alleges that the FTC violates the […]

FTC probing Reddit plan to let AI firms use user-generated content to train software 

The Federal Trade Commission (FTC) is investigating Reddit’s plan to have artificial intelligence (AI) companies use user-generated content to train its software, the social media company said. About filing Friday. The investigation comes just days before Reddit was scheduled to complete its initial public offering, which it filed for last month. According to an SEC […]

FTC sues to block $25B Kroger-Albertsons deal, cites fears of grocery price hikes

The Federal Trade Commission and eight states announced Monday that they are suing to block supermarket chain Kroger’s $24.6 billion deal to buy smaller rival Albertsons, a deal that could cost millions of people more. They argued that it would push up food prices for Americans. The deal would create a grocery empire with more […]

FTC, state AGs sue to block Kroger-Albertsons merger

The Federal Trade Commission (FTC) says Kroger’s $24.6 billion supermarket merger proposal could stifle competition, lead to higher prices and harm workers. The company filed a lawsuit seeking an injunction against the acquisition of Sons. Nine bipartisan attorneys general from Arizona, California, the District of Columbia, Illinois, Maryland, Nevada, New Mexico, Oregon, and Wyoming joined […]

H&R Block used deceptive ads, deleted tax data: FTC

The Federal Trade Commission announced Friday that it had filed a complaint. H&R Block accused of deceptive marketing Online tax preparation software is free, but for many consumers it is not. The FTC also alleged that the company removed consumers’ tax data and required them to contact customer service when downgrading to a more affordable […]

FTC warns of scammers after NY Mag finance columnist lost $50K in ‘vishing’ hoax

Federal Trade Commission Chair Lina Khan has warned the public about scammers after it was revealed that a financial advice columnist for New York Magazine gave $50,000 to a mysterious man claiming to be an investigator for the government agency. warned. “Being a victim of fraud is devastating,” Khan wrote on X. “No one at […]

FTC chair warns against scam tactics after viral column

Federal Trade Commission (FTC) Chair Lina Khan issued a warning about scam tactics after a column in New York Magazine’s The Cut went viral. “Being a victim of fraud can have dire consequences.” Khan said in her thread. “No one at @FTC will ever give you a badge number, ask you to verify your Social […]

FTC probing drug ‘middlemen’ over generic shortages at hospitals

The Federal Trade Commission is seeking information about the role of drug distributors and other companies that buy drugs for U.S. hospitals over shortages of generic drugs such as chemotherapy drugs and antibiotics, the Federal Trade Commission said Wednesday. It was announced on . The freedom of information request by the agency and the Department […]