PYMNTS

MARCH 14, 2019

The Federal Trade Commission and Securities and Exchange Commission are scrutinizing Facebook, as is the Department of Justice’s securities fraud unit. The sharing agreements with technology companies are now being included in the FTC’s investigation over whether or not Facebook violated a 2011 consent agreement.

Agreements 49

Agreements Federal Trade Commission FTC Privacy 49

PYMNTS

JUNE 9, 2019

The increased in lobbying began in 2011 and 2012 amid challenges from the Federal Trade Commission. The report noted Amazon and Facebook also set records in terms of spending on lobbying last year. In 2009 Google spent $4 million on lobbying, with that increasing fivefold in 2018. million in 2018.

Federal Trade Commission 46

Federal Trade Commission Blocks Regulations Privacy 46

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

OCTOBER 7, 2020

Federal Trade Commission found at least 184,000 instances of pandemic-related fraud as of Aug. Such schemes are proliferating as the pandemic and economic hard times make consumers more vulnerable than ever to crooks. As PYMNTS’ Preventing Financial Crimes Playbook recently noted, the U.S. The Dark Web Likes Bitcoin, Too .

Bitcoin 93

Bitcoin Consumer Scams Cryptocurrency 93

PYMNTS

APRIL 26, 2019

In reporting its quarterly earnings this week, Facebook said it could face a fine of between $3 billion and $5 billion from the Federal Trade Commission (FTC) over how it handles customers data. The one-time fine stems from the agency’s investigation into Facebook’s privacy practices.

Federal Trade Commission 40

Federal Trade Commission FTC Privacy Addressing 40

PYMNTS

OCTOBER 3, 2016

In 2011, publicly traded companies were instructed by the SEC to report attacks that could have a “material adverse effect on the business;” however, there was no strict definition of such events.

Breach 74

Breach Federal Trade Commission Data Breach Rules 74

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

JULY 27, 2016

The significant jump in complaints, also a record number for complaints submitted to the Federal Trade Commission, are predicted to worsen in the future. Florida saw its complaint numbers increase by a staggering 130 percent since 2011.

Credit Cards 43

Credit Cards Federal Trade Commission Data Breach Identity Theft 43

PYMNTS

DECEMBER 19, 2018

The new revelations noted, The New York Times, could put Facebook in trouble with the Federal Trade Commission. In 2011 it signed a consent agreement with the FTC that prevents it from sharing data on users without their clear consent. This comes even as Facebook has claimed it stopped providing access to data years ago.

FTC 51

FTC Federal Trade Commission Privacy Agreements 51

PYMNTS

FEBRUARY 6, 2017

Yet, this is a growing form of fraud that is impacting many industries, and the prevalence of synthetic fraud has risen every year since 2011. The Federal Trade Commission estimates that synthetic fraud costs U.S. The lack of an injured consumer makes synthetic fraud more difficult to confirm.

Federal Trade Commission 59

Federal Trade Commission Scams Credit Cards Fraud Prevention 59

PYMNTS

APRIL 24, 2019

More consumers keep using Facebook even as the social network said on Wednesday (April 24) that it faces a fine of between $3 billion and $5 billion from the Federal Trade Commission over privacy. The federal agency has accused the social media platform of violating a privacy consent decree from 2011.

Privacy 43

Privacy FTC Federal Trade Commission Payments 43

FICO

AUGUST 12, 2019

In part, this is due to a change made in 2011 by the U.S. Here’s what you can do now: Check your child’s credit: The Federal Trade Commission recommends , “It’s a good idea to check whether your child has a credit report close to the child’s 16th birthday. Social Security Administration in the way it generates SSNs.

Identity Theft 40

Identity Theft Federal Trade Commission Credit Cards Social Security 40

PYMNTS

OCTOBER 22, 2018

In yet another addition to the “why we can’t have nice things” files, the Federal Trade Commission (FTC) released a report this week indicated that fraudsters love gifts cards to the extent that many are requesting them as a form of payment these days. Gift Cards’ New Unfavorable Fans.

Laws 53

Laws Privacy FTC Push-to-Card 53

PYMNTS

APRIL 30, 2018

In 2011, Buffett made a $10 billion investment in the company in support of then-new CEO Ginni Rometty’s turnaround plans. LendingClub was hit with a lawsuit by the Federal Trade Commission (FTC) last week over claims of “deceptive” practices. Buffet told CNBC in May 2017 that he doesn’t value IBM the way he once did.

FinTech 73

FinTech Blockchain Distributed Ledger Technology (DLT) FTC 73

Nanonets

MAY 31, 2023

billion in 2011 to $32.39 According to the Federal Trade Commission, USA, over 1.4 Payment fraud has tripled from $9.84 billion in 2020 globally. It is projected to continue increasing, reaching an estimated cost of $40.62 billion in 2027, marking a 25% rise compared to 2020.

Fraud Detection 52

Fraud Detection Payments Audit Fraud Prevention 52

PYMNTS

SEPTEMBER 18, 2017

has strongly hinted that the agency she birthed in 2008 and opened for business in 2011 — the Consumer Financial Protection Bureau (CFPB) — should be given the authority to do even more. Senator Elizabeth Warren (D – Mass.)

Regulations 81

Regulations CFPB Database Consumer Financial Protection Bureau (CFPB) 81

PYMNTS

JANUARY 24, 2019

Facebook is facing breakup calls from a handful of advocacy groups that want the Federal Trade Commission to explore breaking up the social media giant. In 2011 the FTC said Facebook deceived customers by sharing data it said it was kept private. The consent decree was inked in 2012.

FTC 46

FTC Federal Trade Commission Request for Comment Data Breach 46

PYMNTS

MAY 5, 2019

With Facebook and the Federal Trade Commission in the final stages of settlement talks, disagreements between the five-member FTC panel are complicating the discussions. The question is if he should be personally liable for violations of an accord Facebook reached with the FTC in 2011.

FTC 49

FTC Federal Trade Commission Settlement Privacy 49

PYMNTS

APRIL 6, 2018

Federal Trade Commission (FTC) over Facebook ’s use of facial recognition to tag photos. In 2011, EPIC lodged complaints against Facebook, and the social media platform ended up settling those charges related to privacy with the FTC. A coalition of consumer groups are planning to file a complaint with the U.S.

Federal Trade Commission 44

Federal Trade Commission Consumer FTC Privacy 44

PYMNTS

MARCH 20, 2018

Facebook , the social media giant embroiled in a new consumer data scandal, is being pursued by the Federal Trade Commission (FTC), the main agency for enforcing privacy policies.

FTC 46

FTC Federal Trade Commission Data Breach Privacy 46

PYMNTS

MARCH 27, 2019

As reported, the data sharing agreements are now part of the ongoing investigation by the Federal Trade Commission (FTC) into whether Facebook violated the terms of a 2011 consent agreement. attorney’s office for the Eastern District of that state.

Regulations 43

Regulations Federal Trade Commission Consulting FTC 43

PYMNTS

NOVEMBER 28, 2016

2011 that mandates this sort of smart regulation. There are independent agencies, like the Federal Trade Commission, that the president doesn’t have direct oversight over. The commission approach is appealing because it enables a diverse group of professionals to provide checks and balances on each other.

Consumer 51

Consumer CFPB Credit Cards Federal Reserve 51

PYMNTS

JULY 22, 2019

The Federal Trade Commission will soon announce the details of a settlement with Facebook over privacy violations, according to a report by The Wall Street Journal on Monday (July 22). The company already has an internal privacy team, and in 2011, it allowed for its privacy practices to be assessed by PricewaterhouseCoopers.

FTC 46

FTC Federal Trade Commission Privacy Settlement 46

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

PYMNTS

MARCH 20, 2018

Also, Democratic Senator Ron Wyden of Oregon requested a copy of the Facebook privacy statement it put together in 2011 due to a consent order with the Federal Trade Commission, reported the Financial Times. “The European Parliament will investigate fully, calling digital platforms to account.”.

Federal Trade Commission 42

Federal Trade Commission Privacy Database Audit 42