FTC calls out profits as a driver of grocery prices
A new report from the Biden administration raises questions about the causes of rising food prices that have long weighed on American household budgets in the wake of the coronavirus recession. Profits and inflation have soared simultaneously in the aftermath of the pandemic, sparking a heated debate among economists about how much profits, rather than […]
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 $25BÂ 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 […]
H&R Block wiped out the tax data of consumers trying to choose a more affordable option, FTC alleges – JC Post
Image provided by: Pixabay Federal Trade Commission Have you ever spent hours entering complex financial information online only to have it deleted? It would be frustrating enough if it was due to a technical glitch, but… According to the FTC’s complaint against taxpayer H&R Block., erasing tax data that consumers had already entered was a […]
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 […]
FTC files complaint against H&R Block for deceptive marketing, deleting tax data for downgrading
Federal Trade Commission (FTC) I have filed a complaint Tax firm H&R Block falsely advertises products as “free” when they are not, and steals customers’ tax data when they try to downgrade to a more affordable online service. I suspect it was deleted. “H&R Block designed its online products to present consumers with a boring […]
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 […]