#federaltradecommissionact — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #federaltradecommissionact, aggregated by home.social.
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CW: Long thread/17
Think of #BindingArbitration, which allows Chamberlain to force you to click through an "agreement" that takes away your right to sue them or join a class-action suit:
https://pluralistic.net/2022/10/20/benevolent-dictators/#felony-contempt-of-business-model
But regulation *could* protect you from Chamberlain. Section 5 of the #FederalTradeCommissionAct allows the #FTC to ban any "unfair and deceptive" conduct.
17/
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Former Celsius Boss Alex Mashinsky Seeks Dismissal of FTC Lawsuit - Alex Mashinsky, the former CEO of Celsius Network, has filed a motion to dismiss t... - https://news.bitcoin.com/former-celsius-boss-alex-mashinsky-seeks-dismissal-of-ftc-lawsuit/ #federaltradecommissionact #gramm-leach-blileyact #supremecourtruling #falsestatements #motiontodismiss #celsiusnetwork #ceoresignation #monetaryrelief #vehementdenial #alexmashinsky #customerdata #allegations #courtfiling #regulations #charges
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Former Celsius Boss Alex Mashinsky Seeks Dismissal of FTC Lawsuit - Alex Mashinsky, the former CEO of Celsius Network, has filed a motion to dismiss t... - https://news.bitcoin.com/former-celsius-boss-alex-mashinsky-seeks-dismissal-of-ftc-lawsuit/ #federaltradecommissionact #gramm-leach-blileyact #supremecourtruling #falsestatements #motiontodismiss #celsiusnetwork #ceoresignation #monetaryrelief #vehementdenial #alexmashinsky #customerdata #allegations #courtfiling #regulations #charges
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Former Celsius Boss Alex Mashinsky Seeks Dismissal of FTC Lawsuit - Alex Mashinsky, the former CEO of Celsius Network, has filed a motion to dismiss t... - https://news.bitcoin.com/former-celsius-boss-alex-mashinsky-seeks-dismissal-of-ftc-lawsuit/ #federaltradecommissionact #gramm-leach-blileyact #supremecourtruling #falsestatements #motiontodismiss #celsiusnetwork #ceoresignation #monetaryrelief #vehementdenial #alexmashinsky #customerdata #allegations #courtfiling #regulations #charges
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Former Celsius Boss Alex Mashinsky Seeks Dismissal of FTC Lawsuit - Alex Mashinsky, the former CEO of Celsius Network, has filed a motion to dismiss t... - https://news.bitcoin.com/former-celsius-boss-alex-mashinsky-seeks-dismissal-of-ftc-lawsuit/ #federaltradecommissionact #gramm-leach-blileyact #supremecourtruling #falsestatements #motiontodismiss #celsiusnetwork #ceoresignation #monetaryrelief #vehementdenial #alexmashinsky #customerdata #allegations #courtfiling #regulations #charges
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CW: Long thread/15
Nevertheless, noncompetes have trundled on, with neither Congress nor the administration having courage to act - until now. Khan's proposed rule bypasses Congressional inaction by invoking powers that she already has, under #Section5 of the #FederalTradeCommissionAct.
Section 5 gives the FTC broad powers to prohibit "unfair methods of competition" - an incredibly broad power to wield, and one that the FTC hasn't bothered to use since the 1970s (!):
https://casetext.com/case/national-petroleum-refiners-assn-v-f-t-c
15/