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ARTICLE · 09 AUGUST 2024

FTC Announces Inquiry Into "Surveillance Pricing"

Frankfurt Kurnit Klein & Selz PC
Frankfurt Kurnit Klein & Selz PC
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Frankfurt Kurnit Klein & Selz PC

Frankfurt Kurnit Klein & Selz PC

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In a recent press release, the FTC announced that it has issued orders to companies that offer "surveillance pricing products and services." Using its Section 6(b) authority to conduct studies without a specific...

United StatesConsumer Protection

In a recent press release, the FTC announced that it has issued orders to companies that offer "surveillance pricing products and services." Using its Section 6(b) authority to conduct studies without a specific law enforcement purpose, the FTC is seeking information from eight companies, including Mastercard, JPMorgan Chase, Accenture, McKinsey and others, which advertise the use of artificial intelligence and other technologies, along with other customer information, in order to target prices for individual consumers.

As noted in the Concurring Statement of Commission Ferguson, "the use of personal data to charge different consumers different prices for the same product...is ancient and commonplace" in some industries, like insurance and credit, but "the massive trove of personal data we generate online has made it possible for merchants to personalize prices for goods that Americans would not usually expect to vary from person to person." Am I paying more for

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This post first appeared in Frankfurt Kurnit's Focus on the Data blog (www.focusonthedata.com). It provides general coverage of its subject area. We provide it with the understanding that Frankfurt Kurnit Klein & Selz is not engaged herein in rendering legal advice, and shall not be liable for any damages resulting from any error, inaccuracy, or omission. Our attorneys practice law only in jurisdictions in which they are properly authorized to do so. We do not seek to represent clients in other jurisdictions.

Originally published by the New York Legal Ethics Reporter

www.fkks.com

This alert provides general coverage of its subject area. We provide it with the understanding that Frankfurt Kurnit Klein & Selz is not engaged herein in rendering legal advice, and shall not be liable for any damages resulting from any error, inaccuracy, or omission. Our attorneys practice law only in jurisdictions in which they are properly authorized to do so. We do not seek to represent clients in other jurisdictions.

www.fkks.com

This alert provides general coverage of its subject area. We provide it with the understanding that Frankfurt Kurnit Klein & Selz is not engaged herein in rendering legal advice, and shall not be liable for any damages resulting from any error, inaccuracy, or omission. Our attorneys practice law only in jurisdictions in which they are properly authorized to do so. We do not seek to represent clients in other jurisdictions.

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