FTC Orders 9 Companies to Explain Pricing and Compensation Methodologies
What's happening
The FTC has ordered nine major companies to hand over detailed information on pricing and compensation methodologies as part of a new probe into the use of personal data to set individualized prices. The companies named include Delta, United, JetBlue, Lyft, Uber, DoorDash, Instacart, Target, and Walmart. The agency says it wants data showing whether firms use consumers' location, browsing history, loyalty program membership, or other personal data to determine prices and compensation. The inquiry follows parallel enforcement actions, including the FTC and eight states suing payments fintech Toast over alleged hidden fees to restaurants and customers.
Why it's trending
Regulators are moving fast to trace whether big consumer platforms are using surveillance data to personalize prices and squeeze customers and workers.
SignalNewly emerging, confirmed across 1 independent source type.
Story volume
Stories per dayAngles you could write
If you think loyalty points are rewards, think again: the FTC just subpoenaed Delta, United, JetBlue, Lyft, Uber, DoorDash, Instacart, Target, and Walmart to prove otherwise.
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Original sources4
- Why the FTC and 8 states are suing payments fintech ToastAmerican BankerOct 30
- FTC Launches Investigation Into Surveillance Pricing
The Federal Trade Commission (FTC) is launching a probe into some of the country’s largest companies, examining whether they use consumers’ personal data—including location, browsing history, and loyalty program membership—to set individualized prices. Nine companies—Delta, United, JetBlue, Lyft, Uber, DoorDash, Instacart, Target, and Walmart—will be required to provide information on whethe
PaymentsJournalOct 29 - FTC, states sue Toast over fees
The agency and eight states allege that the point-of-sale services provider charges its restaurant clients and their customers hidden fees.
Payments DiveOct 29 - FTC Orders 9 Companies to Explain Pricing and Compensation Methodologies
The Federal Trade Commission (FTC) has ordered nine companies to provide detailed information about their pricing and compensation methodology, the regulator said in a Wednesday (Oct. 28) press release. This data will inform the FTC’s newly launched inquiry into the use of personal data to set prices and compensation, according to the release. The FTC […] The post FTC Orders 9 Companies to E
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