Latest Federal Trade Commission News

Report: FTC considering oversight of Facebook's Zuckerberg

Apr. 19, 2019 3:50 PM EDT

WASHINGTON (AP) — Federal regulators are reportedly considering seeking some kind of oversight of Mark Zuckerberg's leadership of Facebook over the social network giant's mishandling of users' personal information. Discussions between Facebook and the U.S. Federal Trade Commission officials about its...

Scammers peddling bogus tax breaks find traction on Facebook

Apr. 2, 2019 6:52 PM EDT

Hundreds of ads on Facebook promised U.S. homeowners that they were eligible for huge state tax breaks if they installed new solar-energy panels. There was just one catch: None of it was true. The scam ads used photos of nearly every U.S. governor — and sometimes President Donald Trump — to claim...

Imposter scams bilking consumers of millions

Mar. 16, 2019 3:05 AM EDT

WILLOW GROVE, Pa. (AP) — The distraught voice on the phone didn't sound like her grandson. But the man who called 80-year-old Elfriede Flavin claiming to be her grandson's attorney explained why: Her grandson had broken his nose in a car accident that also landed him in a Tennessee jail. He needed $10,000...

$30 million settlement in sweepstakes scam aimed at elderly

Mar. 7, 2019 4:20 PM EST

ST. LOUIS (AP) — The operators of a sweepstakes scam that affected senior citizens and others will forfeit $30 million in cash and assets under a record settlement announced Thursday by the Missouri Attorney General's Office and the Federal Trade Commission. Missouri Attorney General Eric Schmitt said in a...

Teen video app Musical.ly agrees to FTC fine

Feb. 27, 2019 5:46 PM EST

The operator of a video-sharing app popular with teenagers agreed to pay $5.7 million to settle federal allegations it illegally collected personal information from children . The Federal Trade Commission said the Wednesday penalty against lip-syncing app Musical.ly, now known as TikTok, is the largest ever...