The FTC report says that "Americans deserve to know how their private data is being used to set the prices they pay and whether firms are charging different people different prices for the same good or service.
The Federal Trade Commission said in a staff report issued Friday that there are potential competitive issues in partnerships between big tech companies
The FTC said property manager Greystar charged consumers hidden fees adding up to "hundreds of millions of dollars."
The FTC report found that from 2017 to 2022, three PBMs—UnitedHealth Group's Optum, CVS Health's CVS Caremark and Cigna's Express Scripts—marked up prices at their pharmacies by hundreds or thousands of percent.
The FTC report revealed that at least one of the big tech companies accessed "confidential and potentially sensitive financial performance information" as part of its deal with an AI start-up. This included weekly updates on revenue trends and customer activities.
The ruling, which went into effect this week, requires businesses to make canceling a subscription as easy as signing up for it in the first place
The agency filed suit against Deere over its software repair tool, only available to authorized repair shops, which has led to higher repair costs for users.
In a rare move, the FTC issued a statement that revealed it referred a complaint against Snap to the DOJ, alleging an AI-powered chatbot is harmful to users.
The ruling, which went into effect this week, requires businesses to make canceling a subscription as easy as signing up for it in the first place.
Major retailers can tailor prices based on customer data including location, demographics or shopping history, the US Federal Trade Commission said in initial study findings, raising concerns about the use of what they termed “surveillance pricing.