Sometimes, deals are too good to be true. That was the case for Cleo AI, an online cash advance company that promised consumers fast, up-front cash payments. According to the Federal Trade Commission (FTC), Cleo AI offered consumers a mobile personal finance application that “promises consumers instant or same-day cash advances of hundreds of dollars.”
FTC Act
Privacy Tip #423 – FTC Files Complaint Against Mobilewalla for Selling Consumers’ Precise Location Data
Many people do not understand how their geolocation data can be collected and used about them, or how massive the amount of precise location data collected from our devices.
The Federal Trade Commission (FTC) recently filed a complaint against Mobilewalla, Inc., alleging that it violated Section 5 of the FTC Act by selling consumers’…
Federal Trade Commission Continues to Target Healthcare Companies for Unauthorized Data Disclosures
The Federal Trade Commission (FTC) has assumed the authority to enforce unauthorized data disclosures under the Federal Trade Commission Act (FTC Act). During the past three weeks, the FTC has used this authority to go after healthcare companies that disclose their customers’ personal data without permission.
On April 11, the FTC sued Monument, an online…
AI and Antitrust: When Does an Algorithm Become an Agreement? Part II
This blog post is the second in a three-part series exploring the intersection between AI and antitrust. (Part I can be found here.)
Part II: Tacit Collusion and AI
This is the second part of a three-part series on artificial intelligence and anti-trust.
In Topkins, discussed in Part I, the defendants had…
FTC settles with software provider over misleading customers about encryption of patient data
The Federal Trade Commission (FTC) announced on January 5, 2016, that it has agreed to settle an investigation with Henry Schein Practice Solutions, Inc. (Schein), an office management software provider for dental practices based in Utah, for $250,000 for allegations of falsely advertising the level of encryption it provided for patient data.
The FTC alleged…
FTC issues statement on its enforcement abilities under § 5 of the FTC Act
On August 13, 2015, the Federal Trade Commission (FTC) issued a statement on its ability to prosecute ‘unfair trade practices’ and enforce violations under § 5 of the FTC Act. The guidance said:
Section 5’s ban on unfair methods of competition encompasses not only those acts and practices that violate the Sherman or Clayton Act
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