Federal Trade Commission Launches Investigation into Surveillance-Based Pricing Strategies
Tuesday, 23 July 2024, 15:43
FTC's Investigation Overview
The Federal Trade Commission is conducting a critical investigation into companies that utilize consumer data for customized pricing. The agency aims to ensure that such practices do not infringe on consumer rights.
Targeted Companies
- Mastercard
- JPMorgan Chase & Co
- Other identified firms
The Significance of the Investigation
By scrutinizing the use of surveillance pricing, the FTC could change how financial companies implement their pricing strategies. This move underlines the agency's commitment to protecting consumers in an increasingly data-reliant market.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.