- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Adrianne Appel2024-08-19T19:24:00
A new rule by the Federal Trade Commission (FTC) will crack down on fake product reviews, whether written by humans or artificial intelligence (AI).
The rule, made final Wednesday in a 5-0 vote, will prohibit the buying and selling of product reviews or “testimonials” that pretend to be from a consumer or neutral party but were written by a person with a financial interest.
The rule, which also will ban fake reviews written by AI, takes effect in about two months.
You are not logged in and do not have access to members-only content.
If you are already a registered user or a member, SIGN IN now.
2025-02-24T15:41:00Z By Ruth Prickett
Fake reviews of products and services are a global phenomenon, but regulators in the U.K. are beginning to use newly expanded powers to protect buyers and honest competitors following a recent crackdown by U.S. authorities.
2024-07-08T14:05:00Z By Adrianne Appel
Vroom, the former online used car dealer, agreed to pay $1 million to settle allegations by the Federal Trade Commission that it didn’t abide by consumer protection laws, including providing prompt refunds.
2024-04-29T18:50:00Z By Jeff Dale
Kitchen and home retail company Williams-Sonoma agreed to pay nearly $3.2 million for failing to comply with a 2020 administrative order by the Federal Trade Commission prohibiting its marketing of imported goods as made in the United States.
2025-03-28T18:45:00Z By Aaron Nicodemus
The Securities and Exchange Commission’s Republican leadership is abandoning the climate-related disclosure rule package passed last year by Democrats, hoping that the courts will kill regulations already on life support.
2025-03-24T15:47:00Z By Aaron Nicodemus
The U.S. Treasury Department’s Financial Crimes Enforcement Network issued a final interim rule that eliminates beneficial ownership information reporting obligations for U.S.-based companies and persons.
2025-03-19T13:00:00Z By Aaron Nicodemus
Federal Reserve Board member Michelle Bowman has been nominated as the board’s vice chair for supervision, a position that oversees regulation of the nation’s largest banks.
Site powered by Webvision Cloud