Industry, Advocates Split over FTC's Personalized Pricing Proposal
5 Articles
5 Articles
Industry, advocates split over FTC’s personalized pricing proposal
The Federal Trade Commission's proposed enforcement policy statement on personalized pricing drew nearly 3,700 public comments before its docket closed Sept. 25, with retail and tech industry groups raising concerns about a proposal that says companies using personalized pricing should disclose when a price is personalized, the basis for it and what data was used, while consumer advocates argued it does not go far enough.
Industry, advocates split over FTC's personalized pricing proposal
(The Center Square) – The Federal Trade Commission's proposed enforcement policy statement on personalized pricing drew nearly 3,700 public comments before its docket closed Sept. 25, with retail and tech
The FTC's proposal to demand explanations about personalized prices provoked almost 3,700 comments and opened a dispute between companies concerned about their promotions and consumer advocates who consider disclosure insufficient.The deadline for submitting comments closed on September 25, while several states are moving forward with their own restrictions.
NetChoice To FTC: Withdraw Personalized Pricing Proposal
The Federal Trade Commission should withdraw a proposal that would require companies to disclose their use of personalized pricing in some circumstances, the tech industry group NetChoice says. It argues that the commission lacks evidence of "a widespread problem warranting economy-wide enforcement policy."
Comments to Federal Trade Commission Regarding Personalized Pricing
Mandating broader transparency around algorithmic or personalized pricing requires congressional legislation to weigh costs and benefits, and the FTC should revise its policy statement to target law violations without restricting legitimate personalized pricing.
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