The FTC has placed Twitter in the hot seat again for privacy related practices that it alleges impacted over 140 million users. The Commission has also resolved actions pertaining to alleged magazine subscription scams and credit card laundering. In addition, the FTC is turning to the public to gather information regarding the recent infant formula shortage. These stories and more after the jump.
Tuesday, May 24, 2022
Food and Beverage Competition
- The FTC announced a public inquiry into the ongoing shortage for infant formula. The inquiry seeks information about the nature and prevalence of any deceptive, fraudulent, or unfair business practices aimed at taking advantage of consumers. The inquiry also sets out to illuminate what has led to the concentration in the infant formula market and the fragility of the supply chains. The FTC will partner with the USDA to analyze the results of the public inquiry. Chair Lina M. Khan issued a statement in conjunction with the inquiry noting that although the FTC does not regulate the safety of the impacted products the Commission can take steps to address “anticompetitive, unfair, or deceptive acts or practices that have contributed to or are worsening this problem.” The FTC is encouraging comments be submitted to regulations.gov by Friday, June 24, 2022 at 11:59pm ET.
Bureau of Consumer Protection: Credit and Finance
- The FTC finalized an order against Electronic Payment Systems, for allegedly opening credit card processing…
