Zillow settles antitrust lawsuit with FTC
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The proposal would warn companies that failing to disclose that they are using personal data to set prices could violate the FTC Act’s prohibition on unfair or deceptive practices.
FTC now requires apps using your personal data to set prices to disclose it - covering grocery, ride-share, and retail platforms.
“The FTC does not have the legal authority to ban personalized pricing in all circumstances, but businesses that fail to tell consumers how their personal data is being used to set a price may be in violation of the FTC Act and other laws we enforce,” Ferguson said.
The U.S. Federal Trade Commission said on Wednesday it is considering requiring businesses to disclose whether they use personalized pricing data, a practice that has drawn mounting scrutiny by state and federal officials.
Companies that secretly vary prices based on how much they think individual customers will pay could face federal charges under a proposed Federal Trade Commission policy.
Amazon Prime customers are receiving PayPal refunds as the FTC’s settlement payouts begin nationwide.
Travel + Leisure on MSN
The FTC Says This Is a Major Red Flag When Paying for Travel—and ‘Only Scammers’ Will Ask You to Do It
Watch out for any travel offer that requires payment via wire transfer, gift card, or cryptocurrency.
Redfin must re-enter the market for rental listings to resolve antitrust concerns, according to an agreement with the Federal Trade Commission.