Core Points - The US Federal Trade Commission (FTC) and seven states have accused Live Nation and Ticketmaster of allowing ticket brokers to profit at the expense of fans, leading to millions in losses [1][2] - The lawsuit follows Ticketmaster's controversial handling of ticket sales for Taylor Swift's Eras tour in 2022, which has intensified scrutiny on the company [1][4] - Live Nation's stock fell by 2.3% following the news of the lawsuit [1] Summary by Sections Legal Allegations - Ticketmaster is alleged to control 80% of primary ticketing for major concert venues and has ignored violations of ticket purchasing limits set by artists, resulting in $3.7 billion in resale fees from 2019 to 2024 [2] - The FTC claims that Ticketmaster's failure to disclose full ticket prices, including fees, constitutes a violation of consumer protection laws [2] FTC's Position - FTC Chairperson Andrew Ferguson stated that the lawsuit is a significant step towards ensuring fair ticket pricing for fans [3] - The lawsuit is being filed jointly by Colorado, Florida, Illinois, Nebraska, Tennessee, Utah, and Virginia in California [3] Company Practices - Ticketmaster faced backlash for its website's inability to handle the overwhelming demand during the Swift ticket sales, leading to the cancellation of a public sale [4] - The FTC noted that Ticketmaster has been aware of reseller violations since 2018 and has chosen to overlook them as a matter of policy, as indicated by an internal email [4] Broader Legal Context - In 2024, the Department of Justice filed a lawsuit seeking to break up Live Nation and Ticketmaster, accusing them of monopolizing the live concert industry [5]

Core Point - The U.S. Federal Trade Commission has filed a lawsuit against Chegg Inc, alleging that the company has made it difficult for customers to cancel their subscriptions [1] Company Summary - Chegg Inc is an educational technology company facing legal challenges from the Federal Trade Commission [1] - The lawsuit was filed in San Jose, California, indicating the jurisdiction of the case [1]

Group 1 - The Department of Transportation (DOT) is withdrawing a proposed rule that would have required airlines to compensate customers for cancellations or significant changes caused by the airlines themselves [4][7]. - The Biden administration had previously initiated a rulemaking process in December to enhance consumer protections, including cash compensation and other benefits for disrupted flights [3][7]. - Consumer rights groups express concern that the rollback of these protections negatively impacts customer experience, particularly during flight delays and cancellations [5][7]. Group 2 - Airlines For America, a lobby group for U.S. airlines, has requested the cancellation of major consumer protections, including the proposed compensation rule [4][6]. - Despite the withdrawal of the new proposed rule, a final rule requiring airlines to provide automatic cash refunds for canceled or significantly delayed services remains in effect [6][7]. - The current administration's approach contrasts with the previous administration's focus on consumer protections, indicating a shift in regulatory priorities [3][5].

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Core Viewpoint - Capital One is facing a lawsuit from New York Attorney General Letitia James for allegedly misleading depositors regarding interest rates on its 360 Savings accounts, resulting in millions of dollars in lost interest [1][3][4]. Group 1: Allegations Against Capital One - The lawsuit claims that Capital One promised depositors one of the highest interest rates in the country for its 360 Savings accounts but froze the rate at 0.30% despite rising interest rates nationwide [1][4]. - Capital One launched 360 Performance Savings accounts in September 2019, offering new depositors interest rates that peaked at 4.35%, while existing depositors remained at lower rates [2][3]. - The complaint alleges that Capital One did not inform 360 Savings depositors about the possibility of earning higher rates by switching accounts and instructed employees to remain silent unless customers inquired [3][6]. Group 2: Legal and Financial Context - The lawsuit seeks civil fines and restitution for affected customers, accusing Capital One of violating New York consumer protection laws [3][4]. - Capital One's current yield on its 360 Performance Savings accounts is 3.6% [4]. - The company recently settled private nationwide litigation regarding the 360 Savings accounts, although the terms of the settlement have not been disclosed [6].