- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Jeff Dale2024-03-11T18:58:00
The appointments of two new commissioners on the Federal Trade Commission (FTC) were confirmed Friday, with the Democratic-led agency welcoming Republicans Andrew Ferguson and Melissa Holyoak.
FTC Chair Lina Khan congratulated Ferguson and Holyoak on their respective confirmations, saying in a press release she looked forward to working with them to “vigorously protect Americans from unfair methods of competition and unfair and deceptive business practices.”
Commissioner Rebecca Kelly Slaughter was also confirmed to a second term.
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Tens of millions of noncompete clauses included in employee contracts nationwide will be null and void by about Labor Day under a final rule issued by the Federal Trade Commission.
The Federal Trade Commission is amid a crackdown on businesses misusing browsing and location data that provide enough information to be used to identify nonconsenting consumers.
The Department of Justice and Federal Trade Commission updated language contained in standard preservation letters regarding the maintaining of business communications made via collaboration tools and ephemeral messaging apps.
Any product that uses AI needs to be safety assessed for its entire lifespan under new rules that went into effect recently across the EU. Experts warned companies using AI to tailor products could be classed as “manufacturers” and face the same duty of care as developed.
When lawmakers slam the U.K.’s chief financial regulator as “incompetent,” it not only opens the doors for others to pile criticism on it, but it sparks a debate about how the organization can be improved–or removed.
The U.K. Financial Conduct Authority apologized to investors in peer-to-peer investment firm Collateral for not acting swiftly enough to prevent Collateral from defrauding its customers.
