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 18, 2019

Facebook started the facial recognition technology in 2011, when it would ask users to identify if people tagged in photos were friends they knew. The last large settlement paid by Facebook was a $5 billion fine to the Federal Trade Commission (FTC) for violating a consent decree.

Federal Trade Commission 43

Federal Trade Commission FTC Privacy Settlement 43

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

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

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. Revenue Gain.

Privacy 43

Privacy FTC Federal Trade Commission Payments 43

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

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

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. All you need for proof is to just follow the smart money.

FinTech 73

FinTech Blockchain Distributed Ledger Technology (DLT) FTC 73

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. After all, The Big Three were regulated by the CFPB and the FTC, and look where that got us. Senator Elizabeth Warren (D – Mass.)

Regulations 81

Regulations CFPB Database Consumer Financial Protection Bureau (CFPB) 81

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. Facebook is in talks with the FTC to settle a lawsuit stemming from its scandal with Cambridge Analytica.

FTC 49

FTC Federal Trade Commission Settlement Privacy 49

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. The FTC should use all of its power to prevent this from ever happening again.”.

FTC 46

FTC Federal Trade Commission Data Breach Privacy 46

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. The paper noted that the FTC, which has been shut down along with other parts of the government, didn’t respond to a request for comment.

FTC 46

FTC Federal Trade Commission Request for Comment Data Breach 46

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.

Federal Trade Commission 44

Federal Trade Commission Consumer FTC Privacy 44

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

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