Price Chopper, also known as Market 32, has just finalized the acquisition of five former local ShopRite stores. The company proudly announced its plans to convert two of the recently closed ShopRite stores into Market 32 locations, representing a significant expansion and extensive footprint for the chain in the Capital Region. The mystery of who …
A consumer watchdog in Washington is looking to regulate Big Tech much like it does major banks, which could result in increased scrutiny for popular mobile payment systems operated by Apple (AAPL) and Alphabet (GOOG, GOOGL). The proposed rule by the Consumer Financial Protection Bureau (CFPB) would mandate that nonbank financial companies dealing with more …
In a recent announcement, the U.S. Federal Trade Commission (FTC) declared its issuance of notice letters to several prominent drugmakers and medical device companies, including Abbvie, AstraZeneca, and Teva. The letters addressed concerns regarding the accuracy and relevance of over 100 patents listed in the U.S. Food and Drug Administration’s Orange Book. A significant portion …
Jury Awards Home Sellers $1.8B in Damages After Brokers Inflate Commissions In a significant victory for consumers, a federal trial in Missouri resulted in a jury finding the National Association of Realtors and several large brokerage firms guilty of conspiring to artificially inflate commissions. The parties were found liable and ordered to pay $1.8 billion …
New York (AP) — “Junk fees” are deceptive charges that increase the overall cost of various goods and services, such as concert tickets, hotel rooms, and utility bills. The Biden administration aims to address this issue through a new Federal Trade Commission (FTC) rule, along with regulations from the Consumer Finance Protection Bureau and the …
Last week, the Federal Trade Commission (FTC) revealed a proposal supported by President Joe Biden’s administration to ban “junk fees,” which are hidden charges that companies rely on for their profits. During a press conference, President Biden emphasized the unfairness of these fees and how they burden American families. If approved, this directive will have …
Consumer Financial Protection Bureau Director Rohit Chopra revealed the decision to impose a $15 million penalty on credit reporting agency TransUnion for violating regulations on tenant data accuracy. The Federal Trade Commission (FTC) partnered with the CFPB to file a complaint against TransUnion in a federal court. Photo courtesy of CFPB Oct. 12 (UPI) — …
Microsoft has received final approval from British regulators for its $69 billion deal to acquire video game developer Activision Blizzard, marking a significant milestone in the process. The U.K.’s Competition and Markets Authority (CMA) has granted clearance for the restructured version of this massive tech deal, almost 22 months after it was first announced. In …
Online fraudsters have swindled billions of dollars from Americans in recent years, and they are utilizing social media as their tool of choice. According to a report published by the Federal Trade Commission (FTC) on Friday, Americans have lost a staggering $2.7 billion to social media scams since 2021. However, this figure only represents a …
Living in the digital age brings with it a sense of confusion and manipulation. We often wonder why certain search results appear or why we receive specific product recommendations. Dark patterns, deceptive web design techniques, add to the frustration by nudging us into unwanted choices or purchases. Algorithms designed for engagement shape our social media …