{"id":44579,"date":"2024-05-15T13:46:30","date_gmt":"2024-05-15T17:46:30","guid":{"rendered":"https:\/\/d56fg8tfg.fitnews.club\/finance\/ftc-releases-fiscal-year-2023-annual-report\/"},"modified":"2024-05-15T13:46:30","modified_gmt":"2024-05-15T17:46:30","slug":"ftc-releases-fiscal-year-2023-annual-report","status":"publish","type":"post","link":"https:\/\/d56fg8tfg.fitnews.club\/finance\/ftc-releases-fiscal-year-2023-annual-report\/","title":{"rendered":"FTC Releases Fiscal Year 2023 Annual Report"},"content":{"rendered":"<div>\n<p>Following Public Service Recognition Week, the Federal Trade Commission released its Fiscal Year <a rel=\"noopener nofollow external noreferrer sponsored\" target=\"_blank\" href=\"https:\/\/www.ftc.gov\/reports\/fy-2023-annual-report\" data-wpel-link=\"external\">2023 Annual Report<\/a> outlining the agency\u2019s work to protect consumers and promote competition.<\/p>\n<p>\u201cThe FTC is focused on ensuring that American consumers, workers, and entrepreneurs can enjoy honest markets and the economic liberty that fair and free competition provides,\u201d said FTC Chair Lina M. Khan. \u201cAs detailed in this report, the work of our talented and dedicated staff in FY 2023 made Americans\u2019 lives better in meaningful and material ways\u2014from safeguarding people\u2019s access to affordable healthcare to protecting people\u2019s sensitive data from unchecked surveillance.\u201d<\/p>\n<p>The report lays out the Commission\u2019s work to vigorously enforce the nation\u2019s antitrust and consumer protection laws in a constantly evolving modern economy. As artificial intelligence and algorithmic decision-making tools proliferated, the FTC\u2019s enforcement and policy efforts have been forward-looking\u2014enabling the agency to stay on the cutting edge as these technologies develop.<\/p>\n<p>In FY 2023, the FTC made programmatic strides to protect Americans\u2019\u2014and especially children\u2019s\u2014privacy; hold companies that defraud the public accountable; stop companies from hiking prices with needless junk fees; shut down subscription tricks and traps; make clear there is no AI exemption for the laws on the books; and ensure that domestic manufacturers, independent repairers, and other small businesses can compete on a level playing field. As part of its work to protect consumers, the FTC in FY 2023:<\/p>\n<ul>\n<li>Sued\u00a0<a rel=\"noopener nofollow external noreferrer sponsored\" target=\"_blank\" href=\"https:\/\/www.ftc.gov\/news-events\/news\/press-releases\/2023\/06\/ftc-takes-action-against-amazon-enrolling-consumers-amazon-prime-without-consent-sabotaging-their\" data-wpel-link=\"external\">Amazon<\/a> for engaging in a years-long effort to enroll consumers into its Prime program without their consent while knowingly making it difficult for consumers to cancel their Prime subscriptions;<\/li>\n<li>Announced the\u00a0<a rel=\"noopener nofollow external noreferrer sponsored\" target=\"_blank\" href=\"https:\/\/www.ftc.gov\/news-events\/news\/press-releases\/2023\/07\/ftc-law-enforcers-nationwide-announce-enforcement-sweep-stem-tide-illegal-telemarketing-calls-us\" data-wpel-link=\"external\">largest telemarketing sweep<\/a> in U.S. history, in partnership with more than 100 federal and state law enforcers, targeting operations responsible for billions of illegal robocalls to Americans;<\/li>\n<li>Filed a lawsuit against owners of a\u00a0<a rel=\"noopener nofollow external noreferrer sponsored\" target=\"_blank\" href=\"https:\/\/www.ftc.gov\/news-events\/news\/press-releases\/2023\/08\/ftc-action-stops-business-opportunity-scheme-promised-its-ai-boosted-tools-would-power-high-earnings\" data-wpel-link=\"external\">money-making scheme<\/a> that claimed to use artificial intelligence to boost earnings for consumers\u2019 e-commerce storefronts; and\u00a0\u00a0<\/li>\n<li>Took action to protect Americans\u2019 privacy by bringing several cases. They included actions against\u00a0<a rel=\"noopener nofollow external noreferrer sponsored\" target=\"_blank\" href=\"https:\/\/www.ftc.gov\/news-events\/news\/press-releases\/2023\/05\/ftc-doj-charge-amazon-violating-childrens-privacy-law-keeping-kids-alexa-voice-recordings-forever\" data-wpel-link=\"external\">Amazon<\/a> and\u00a0<a rel=\"noopener nofollow external noreferrer sponsored\" target=\"_blank\" href=\"https:\/\/www.ftc.gov\/news-events\/news\/press-releases\/2023\/06\/ftc-will-require-microsoft-pay-20-million-over-charges-it-illegally-collected-personal-information\" data-wpel-link=\"external\">Microsoft<\/a> for violating the Children\u2019s Online Privacy Protection Act, against\u00a0<a rel=\"noopener nofollow external noreferrer sponsored\" target=\"_blank\" href=\"https:\/\/www.ftc.gov\/news-events\/news\/press-releases\/2023\/03\/ftc-ban-betterhelp-revealing-consumers-data-including-sensitive-mental-health-information-facebook\" data-wpel-link=\"external\">BetterHelp<\/a> for deceiving users about their health data sharing practices, against the maker of the\u00a0<a rel=\"noopener nofollow external noreferrer sponsored\" target=\"_blank\" href=\"https:\/\/www.ftc.gov\/news-events\/news\/press-releases\/2023\/05\/ovulation-tracking-app-premom-will-be-barred-sharing-health-data-advertising-under-proposed-ftc\" data-wpel-link=\"external\">Premom<\/a> app for violating the Health Breach Notification Rule, and against\u00a0<a rel=\"noopener nofollow external noreferrer sponsored\" target=\"_blank\" href=\"https:\/\/www.ftc.gov\/news-events\/news\/press-releases\/2023\/05\/ftc-says-ring-employees-illegally-surveilled-customers-failed-stop-hackers-taking-control-users\" data-wpel-link=\"external\">Ring<\/a> for failing to stop employees from viewing customer videos and hackers from taking control of consumers\u2019 accounts, cameras, and videos.<\/li>\n<\/ul>\n<p>The FTC also continued to deploy its full toolkit to block anticompetitive mergers, halt anticompetitive practices to monopolize markets, and prevent businesses from using unfair tactics to gain an advantage. In critical sectors across the economy, the agency brought important and justified, yet challenging, theories and cases and pursued bold remedies to fully restore and prevent competitive harms. In addition to the FTC\u2019s enforcement work, the agency worked to update U.S. federal enforcers\u2019 merger policy to reflect market realities and help courts develop and clarify the law through amicus briefs. This work included:<\/p>\n<ul>\n<li>Taking action, in partnership with 17 state attorneys general, against\u00a0<a rel=\"noopener nofollow external noreferrer sponsored\" target=\"_blank\" href=\"https:\/\/www.ftc.gov\/news-events\/news\/press-releases\/2023\/09\/ftc-sues-amazon-illegally-maintaining-monopoly-power\" data-wpel-link=\"external\">Amazon<\/a> by alleging the company illegally maintained its monopoly power and raised prices for sellers and shoppers;<\/li>\n<li>Filing a lawsuit against U.S. Anesthesia Partners and\u00a0<a rel=\"noopener nofollow external noreferrer sponsored\" target=\"_blank\" href=\"https:\/\/www.ftc.gov\/news-events\/news\/press-releases\/2023\/09\/ftc-challenges-private-equity-firms-scheme-suppress-competition-anesthesiology-practices-across\" data-wpel-link=\"external\">private equity firm Welsh Carson<\/a> for engaging in a multi-year scheme to monopolize anesthesiology practices in Texas, driving up the prices of anesthesia services for Texas patients to increase profits; and<\/li>\n<li>Blocking anticompetitive mergers in sectors across the economy, including the world\u2019s largest health care data provider,\u00a0<a rel=\"noopener nofollow external noreferrer sponsored\" target=\"_blank\" href=\"https:\/\/www.ftc.gov\/news-events\/news\/press-releases\/2023\/07\/ftc-sues-block-iqvias-acquisition-propel-media-prevent-increased-concentration-health-care\" data-wpel-link=\"external\">IQVIA\u2019s<\/a>, proposed acquisition of Propel Media, Inc.<\/li>\n<\/ul>\n<p>Across the agency\u2019s work, the FTC continued to prioritize opening its doors to hear from Americans across the country\u2014including through Open Commission Meetings, comment dockets, public workshops, and listening forums.\u00a0<\/p>\n<\/div>\n<p>Official news published at <a href=\"https:\/\/www.ftc.gov\/news-events\/news\/press-releases\/2024\/05\/ftc-releases-fiscal-year-2023-annual-report\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer sponsored\">https:\/\/www.ftc.gov\/news-events\/news\/press-releases\/2024\/05\/ftc-releases-fiscal-year-2023-annual-report <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Following Public Service Recognition Week, the Federal Trade Commission released its Fiscal Year 2023 Annual Report outlining the agency\u2019s work to protect consumers and promote competition. \u201cThe FTC is focused on ensuring that American consumers, workers, and entrepreneurs can enjoy honest markets and the economic liberty that fair and free competition provides,\u201d said FTC Chair [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":44580,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[373],"tags":[],"class_list":{"0":"post-44579","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance"},"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO Pro 4.6.9 - aioseo.com -->\n\t\t<meta name=\"description\" content=\"Following Public Service Recognition Week, the Federal Trade Commission released its Fiscal Year 2023 Annual Report outlining the agency\u2019s work to protect consumers and promote competition.\u201cThe FTC is focused on ensuring that American consumers, workers, and entrepreneurs can enjoy honest markets and the economic liberty that fair and free competition provides,\u201d said FTC Chair Lina\" \/>\n\t\t<meta name=\"robots\" content=\"noindex, nofollow, max-image-preview:large\" \/>\n\t\t<link 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17:46:30","updated":"2024-05-15 17:48:12"},"aioseo_breadcrumb":"<div class=\"aioseo-breadcrumbs\"><span class=\"aioseo-breadcrumb\">\n\t<a href=\"https:\/\/d56fg8tfg.fitnews.club\" title=\"Home\">Home<\/a>\n<\/span><span class=\"aioseo-breadcrumb-separator\">&raquo;<\/span><span class=\"aioseo-breadcrumb\">\n\t<a href=\"https:\/\/d56fg8tfg.fitnews.club\/category\/finance\/\" title=\"Finance\">Finance<\/a>\n<\/span><span class=\"aioseo-breadcrumb-separator\">&raquo;<\/span><span class=\"aioseo-breadcrumb\">\n\tFTC Releases Fiscal Year 2023 Annual Report\n<\/span><\/div>","aioseo_breadcrumb_json":[{"label":"Home","link":"https:\/\/d56fg8tfg.fitnews.club"},{"label":"Finance","link":"https:\/\/d56fg8tfg.fitnews.club\/category\/finance\/"},{"label":"FTC Releases Fiscal Year 2023 Annual 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