Tag

Federal Trade Commission Ftc

All articles tagged with #federal trade commission ftc

technology2 years ago•2 min saved

Rite Aid Faces Five-Year Facial Recognition Ban for Misuse

Rite Aid has been banned from using facial recognition software for five years by the Federal Trade Commission (FTC) due to its "reckless use of facial surveillance systems," which resulted in customer humiliation and the risk of sensitive information exposure. The FTC's order requires Rite Aid to delete all collected images and products derived from its facial recognition system, as well as implement a robust data security program. The drugstore chain had secretly implemented facial recognition systems in some of its stores, primarily in lower-income, non-white neighborhoods. The FTC found that Rite Aid's system generated false positives, leading to employees wrongly accusing customers of wrongdoing and causing embarrassment and harm. The case highlights the controversies and biases associated with facial recognition technology and the need for regulation and accountability.

via TechCrunch|

#biometric-surveillance #data-privacy #facial-recognition-software

business2 years ago•1 min saved

"Lawmakers and Unions Rally Against Kroger-Albertsons Merger, Urging Regulator Intervention"

Six U.S. lawmakers, including Senators Elizabeth Warren, Mazie Hirono, Bernie Sanders, and Cory Booker, have written a letter to the Federal Trade Commission (FTC) expressing their opposition to the proposed $24.6 billion acquisition of Albertsons by Kroger. The lawmakers argue that Kroger's plan to divest 413 stores to C&S Wholesale Grocers would not adequately address potential harms to consumers, workers, and the grocery industry. They claim that store divestitures often fail to maintain competitive conditions, as companies have an incentive to ensure the spun-off businesses do not succeed. Other lawmakers have sent letters in support of the deal. Kroger and Albertsons have stated that the merger will enhance their competitiveness and lower prices. The FTC has not commented on the matter.

via CNBC|

#albertsons #business #federal-trade-commission-ftc

business2 years ago•3 min saved

Senate Democrats Demand FTC Probe of Exxon and Chevron's Oil Industry Mergers

Senate Majority Leader Chuck Schumer and 22 Democratic senators have called on the Federal Trade Commission (FTC) to investigate the proposed acquisitions of Pioneer Natural Resources by ExxonMobil and Hess Corporation by Chevron. The senators expressed concerns about the impact on competition in the energy sector, potential harm to small operators, and the consolidation of political power by the oil industry. They also highlighted the large profits of Exxon and Chevron and called for an investigation into price gouging. The acquisitions are expected to close in early 2024, pending regulatory approval.

via Fox Business|

#business #chevron #chuck-schumer

gaming2 years ago•6 min saved

Xbox's Acquisition Proposal and FTC Dispute: What You Need to Know.

Microsoft's court case against the FTC has led to the exposure of Xbox's internal workings, including its exploration of buying major game developers and publishers such as Bungie and Sega. The FTC is trying to prove that Microsoft would seek to foreclose PlayStation by degrading or removing Call of Duty and other gaming experiences. However, internal emails suggest that Microsoft recognizes the need to balance its content offering and would keep Sega's franchises multiplatform, delivering them across all gaming platforms. The big Xbox vs. FTC court case will continue for a few more days this week, with a decision likely to come shortly after.

via Windows Central|

#activision-blizzard #federal-trade-commission-ftc #gaming