- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Kyle Brasseur2023-12-15T13:38:00
Software company Adobe disclosed it could face “significant monetary costs or penalties” resulting from an ongoing Federal Trade Commission (FTC) investigation into its disclosure and subscription cancellation practices.
In a regulatory filing Wednesday, Adobe said it was notified by the FTC in November that it could face consent negotiations to determine a settlement regarding potential violations of the Restore Online Shoppers’ Confidence Act. The act “prohibits any post-transaction third-party seller … from charging any financial account in an internet transaction unless it has disclosed clearly all material terms of the transaction and obtained the consumer’s express informed consent to the charge.”
Adobe said it is cooperating with the FTC’s investigation, which began in June 2022.
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2023-11-22T13:52:00Z By Kyle Brasseur
The Federal Trade Commission approved a measure streamlining its ability to issue civil investigative demands in investigations relating to artificial intelligence use.
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After dismissing its lawsuit against the crypto exchange Coinbase in March, a second investigation into the exchange by the Securities and Exchange Commission has surfaced, according to a report from the New York Times. This comes as a bit of a surprise after the Trump administration has been scaling down ...
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