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When the offer (say, 8 dollars for the first party and 2 dollars for the second party) is accepted, the parties get the respective payments. When the offer is rejected, both parties get zero. Cooling-off periods can reduce the rejection rates of unfair offers when the parties perceive the stakes to be large. [6]
In September 2019, YouTube was fined $170 million by the FTC for collecting personal information from minors under the age of 13 (in particular, viewing history) without parental consent, in order to allow channel operators to serve targeted advertising on their videos. In particular, the FTC ruled that YouTube was partly liable under COPPA, as ...
The FTC identified three types of enforcement measures: self-regulation by the information collectors or an appointed regulatory body; private remedies that give civil causes of action for individuals whose information has been misused to sue violators; and government enforcement that can include civil and criminal penalties levied by the ...
The FTC rule “prohibits companies from ‘misrepresenting any material fact while marketing goods or services,’ failing to disclose relevant information before getting the customer's payment ...
All five FTC commissioners voted to adopt the final rule, which will go into effect 60 days after it is published in the Federal Register, the government’s official catalog of rules and notices.
The FTC has finalized a "click-to-cancel" rule that requires sellers to make it as easy to cancel a subscription as it was to sign up, in an effort to protect consumers from unfair or deceptive ...
The Federal Trade Commission issued the rule in August banning the sale or purchase of online reviews. The rule, which went into effect Monday, allows the agency to seek civil penalties against ...
On April 10, the quintet's YouTube channel was seized by hackers, who went on to delete several of the group's videos and upload their own videos before it was later deleted. According to fans who watched the takeover unfold, the hackers had uploaded content relating to cryptocurrency and Elon Musk .