[ad_1] The settlement unsurprisingly bars Sunday Riley from posting fake reviews, but also requires that it clearly identify endorsers (and their connections), and asks it to “instruct” staff on their own disclosure responsibilities. Not everyone is pleased with the proposed settlement, however. The two dissenting FTC commissioners, Rohit Chopra and Rebecca Kelly Slaughter, pointed out […]
Category: regulation
Boeing messages hint staff may have misled FAA about 737 Max
[ad_1] The FAA confirmed receiving notice about the messages, noting that Boeing had discovered them “some months ago.” While it didn’t discuss the specific content of the messages, it said they were “concerning” and was reviewing the chats to decide what came next. Boeing is in the midst of fixing the flaw, in part by […]
US says digital assets are covered by money laundering and disclosure laws
[ad_1] US regulators issued a blunt warning to cryptocurrency holders who think they're not beholden to the usual rules. The Securities and Exchange Commission, the Commodity Futures Trading Commission and the Financial Crimes Enforcement Network have put… [ad_2] Source link
San Francisco’s proposed office would prevent ‘reckless’ tech rollouts
[ad_1] It would likewise keep a watch out for the impact of automation on workers. Matching legislation, meanwhile, would let the office recommend fines for those companies that ignore the permit process. The public will have 30 days to comment on the measure establishing the Office before it goes to a Board of Supervisors vote. […]
Tesla may open ‘Centers’ to get around pro-dealership laws
[ad_1] The company is reportedly implementing the approach to make the most of its EV output. While Tesla delivered a record 97,000 cars in the third quarter of 2019, it also had 3,000 cars sitting in inventory. The Centers might reduce that inventory by offering a “continuous flow” of vehicles to delivery centers. We’d add […]
EU grills Facebook over Libra’s financial and privacy risks
[ad_1] The questioning is part of a larger EU effort to determine if and how Libra should be regulated, provided it’s even allowed to operate in the region. There are significant hurdles to that happening. The European Central Bank’s Benoît Coeuré has warned that the standards for approval “will be very high,” and the French […]
Visa, Mastercard are reconsidering support for Facebook Libra
[ad_1] It has been a few months since Facebook officially announced its “Libra” cryptocurrency push with support from some big names including Visa and Mastercard. Since then we’ve heard little about it other than increasing scrutiny from regulators, bankers and politicians around the world, while those partners have mostly remained quiet. The Wall Street Journal […]
Google faces scrutiny from Congress, DOJ over plans to encrypt DNS
[ad_1] The House sent a letter on September 13th asking if Google would use data handled through the process for commercial purposes. Google has maintained that its Chrome tweaks would give users control over who shares their info, and that it won’t force people to switch to encrypted DNS. That likely won’t allay telecoms’ fears. […]
FTC sues Match for allegedly using deceptive love interest ads
[ad_1] Match wasn’t letting paid subscribers receive emails from these shady accounts. The FTC also accused Match of failing to properly disclose the hoops dateless users need to jump through to qualify for a free six-month subscription. Match also didn’t provide a simple way to cancel, officials said, and those that disputed charges through their […]
Internet metrics giant settles charges it faked its own numbers
[ad_1] The deal has Comscore and Matta pay respective penalties of $5 million and $700,000, while Matta will also pay another $2.1 million to reflect profits he made from selling company stock and other compensation. The executive is also banned from serving as the director or officer of a public company for the next 10 […]