Federal Trade Commission

LendingClub Corp (NYSE: LC) shares plunged nearly 14 percent Wednesday but began to recover Thursday after the Federal Trade Commission accused the firm of deceptive practices. Even now, though, the Street’s bulls aren’t retreating. The Rating Morgan Stanley analyst James Faucette...

Facebook, Inc. (NASDAQ: FB) CEO Mark Zuckerberg’s Congressional hearing drove a 3.6-percent rally in the suffering stock over the last two sessions. But that 10-hour interrogation and anything revealed or resolved in the process had fewer near-term implications for Facebook than a...

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened On this day in 1903, under the Roosevelt administration, Congress established the U.S. Department of Commerce and Labor. Where The Market Was  The S&P 500 had started the...

Being haunted by debt collectors is scary enough as it is, but imagine the fearsome prospect that the debt in question may not even exist. Phantom debt is the name given to debts that may be old, that belonged to someone else with the same name, or in some cases, are completely fictional. The U.S....

There are limits to how much pricing power Amazon.com, Inc. (NASDAQ: AMZN) can wield if it tries to subsidize its grocery goods in order to crush its competitors the usual way, Bernstein analyst Brandon Fletcher believes. The Federal Trade Commission this week approved Amazon’s acquisition of...

Uber Technologies, Inc. agreed to tougher ways to protect the privacy of its customers, settling a Federal Trade Commission complaint that the ride-sharing company failed to properly monitor its employees’ access to consumer's personal information. It was the second case of consumer...

DirecTV is on trial in federal court for allegedly deceiving its customers about the cost of their satellite subscriptions, and the U.S. Federal Trade Commission wants the company to cough up $3.95 billion in restitution. The trial kicked off Monday with opening arguments in U.S. District Court in...

A day after the Federal Trade Commission began refunding students defrauded by DeVry University, attorneys general from 18 states and the District of Columbia raised further objections to widely-scrutinized for-profit colleges. The coalition announced Thursday a concentrated lawsuit against...

The Federal Trade Commission began distributing $49.4 million in refund checks to defrauded DeVry University students Wednesday. The sum represents less than half of the school’s $100 million settlement with the FTC, $50.6 million of which serves as debt relief. In the suit filed in January...

With a family of five and a vehicle per person, Scott Fosgard is not always aware when his daughter needs her tires rotated. Delphi Automotive PLC (NYSE: DLPH), a tier-one supplier, smells an opportunity here — a $750 billion opportunity by some estimates. What if Fosgard could share family...