PYMNTS

DECEMBER 28, 2018

The Federal Trade Commission, which was conducting a probe into Facebook and its practices, will be forced to shutter the investigation due to the government shutdown, according to a report by The Washington Post. The commission’s budget ran out on Friday (Dec.

Shutdown 51

Shutdown FTC Governance Government 51

PYMNTS

JULY 13, 2018

The Federal Trade Commission testified on Thursday (July 12) that enforcement of the Fair Credit Reporting Act (FCRA) remains a top priority. FCRA enforcement continues to be a top priority for the Commission.

FTC 41

FTC Law Enforcement Federal Trade Commission Procedures 41

PYMNTS

APRIL 12, 2018

It would also give enforcement authority to the Federal Trade Commission (FTC). Consumer Watchdog pointed out that Facebook’s latest breach violates its 2011 consent decree with the FTC, adding that the social media giant should be fined.

Regulations 40

Regulations Consumer Federal Trade Commission Privacy 40

PYMNTS

NOVEMBER 28, 2016

2011 that mandates this sort of smart regulation. As it turns out, the CFPB has not been subject to these orders because of the peculiar structure that the Dodd-Frank Act put in place for the CFPB and has not conducted serious cost-benefit analyses in regulating consumer financial services products.

Consumer 51

Consumer CFPB Credit Cards Federal Reserve 51

PYMNTS

APRIL 6, 2018

Facebook is defending its data sharing tool, saying it was in compliance with a 2011 privacy agreement with the Federal Trade Commission. According to Bloomberg , the FTC is investigating whether Facebook violated the 2011 law that requires the company to get consent from users before sharing information.

FTC 40

FTC Federal Trade Commission Privacy Compliance 40