PYMNTS

AUGUST 20, 2019

Federal Trade Commission ( FTC ) Chairman Joseph Simons said that if Facebook has plans to merge Instagram and WhatsApp more closely into its ecosphere, it could be harder to break the tech giant up, if it comes to that, according to a report by Reuters. .

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PYMNTS

OCTOBER 4, 2020

Facebook bought Instagram, the photo- and video-sharing social networking service, in 2012 for $1 billion and WhatsApp, the cross-platform messaging service, in 2014 for $19 billion. The document was prepared by Facebook staff based on work it commissioned from lawyers at Sidley Austin, a Chicago-based law firm, and reviewed by WSJ.

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PYMNTS

JULY 24, 2019

As reported on Wednesday (July 24), the Federal Trade Commission (FTC) has said it will fine Facebook $5 billion in the wake of the company’s mishandling of millions of users’ personal data. The FTC also has mandated stricter oversight over third-party apps.

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PYMNTS

NOVEMBER 19, 2020

Facebook could soon be staring down a lawsuit as the Federal Trade Commission and numerous states attorneys general finish up one or more antitrust cases against the social media giant, Reuters reports. Also, the lawsuits are likely to allege that Facebook withheld data from rival companies as a method to crush competition.

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PYMNTS

FEBRUARY 27, 2019

Federal Trade Commission (FTC), which was pretty busy this week on issues related to digital commerce and payments. The FTC said it brought forward “its first case challenging a marketer’s use of fake paid reviews on an independent retail website.”. FTC Penalty. It comes from the U.S.

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PYMNTS

DECEMBER 11, 2020

The lawsuits filed this week could break up Facebook’s ownership of Instagram, acquired in 2012, and WhatsApp, snapped up in 2014. 9) by the Federal Trade Commission (FTC) and 46 states. Sandberg said approved mergers shouldn’t later be revoked. .

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PYMNTS

JUNE 12, 2019

The emails came to light during the ongoing federal probe by the Federal Trade Commission (FTC). Facebook has been functioning under a consent decree it agreed to with the FCC in 2012, after a scandal with Cambridge Analytica regarding data privacy. The FTC is investigating whether it indeed did so.

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PYMNTS

JANUARY 18, 2019

Numerous sources citing The Washington Post said Friday that the Federal Trade Commission (FTC) is mulling the fine, which could be set at record levels. million paid by Google in 2012. The Post in turn cited three unnamed people, “familiar with the discussions,” in reporting on the most recent developments.

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PYMNTS

FEBRUARY 18, 2019

The comments from Palant come on the heels of reporting by The Wall Street Journal that the company could pay a multi-billion dollar fine to the Federal Trade Commission to settle an inquiry by the regulator into its privacy practices. Google in 2012 paid $22.5 Google in 2012 paid $22.5

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PYMNTS

JANUARY 6, 2020

The data scandal has, so far, cost Facebook $5 billion in a Federal Trade Commission (FTC) fine. Top executives even received blanket immunity for any known or unknown data violations from 2012 to 2018. .

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PYMNTS

DECEMBER 14, 2020

FTC, 46 States Start Large Antitrust Suit Against Facebook. The Federal Trade Commission (FTC) and 46 states rolled out a large antitrust lawsuit against Facebook on Dec.

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PYMNTS

NOVEMBER 18, 2019

The company said it answered queries for “subpoenas and requests for information,” and that the organizations were “investigating issues related to allegations asserted in our federal securities class action about our IPO disclosures.”. Facebook Concern. Earlier this year, Chairman Joe Simons of the U.S.

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PYMNTS

JUNE 18, 2019

.” The broader cash advance sector has secured more than 32,000 wins in New York courts via confessions of judgement since 2012, reports said. Federal Trade Commission (FTC) announced plans to examine the small business financing industry, and potential mistreatment of debtors. Earlier this year, the U.S.

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PYMNTS

MARCH 21, 2018

around blockchain, including the latest from the Federal Trade Commission (FTC) and Congress. The FTC published a blog post this week announcing the formation of its Blockchain Working Group, an initiative to address cryptocurrency-related security issues. Several areas of the U.S.

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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 FTC could also subject the social media giant to tougher checkups to prove it is complying with the settlement.

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PYMNTS

SEPTEMBER 18, 2017

The credit bureaus were included in the CFPB’s scope of oversight in 2012, and she’s asked the agency to let her know what additional power it might need to better regulate the credit reporting agencies going forward. Since 2012, the CFPB’s consumer complaint database has collected 1.1 Senator Elizabeth Warren (D – Mass.)

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PYMNTS

NOVEMBER 8, 2018

The Federal Trade Commission (FTC) said on Thursday (Nov. According to the FTC , the company violated the settlement struck in 2012 that stemmed from charges that the company had aided and abetted wire fraud. This announcement came separately on Thursday. and Canada. “The

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MAY 23, 2016

2012 with the intention of creating a mobile-only, merchant-owned payments scheme that ran over ACH rails. He also wrote the Federal Trade Commission (FTC) , requesting that the agency “examine how flaws and delays in the [EMV] certification process can be addressed.”. And that was just one of a few letters Sen.

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APRIL 30, 2018

That effort kicked off in 2012, when the European Commission first began taking steps to advance data protections in the EU. Four years later, the Commission has reached an agreement on which rules to include in reforms and also how they will be enforced. The Need for Greater GDPR Compliance.

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PYMNTS

JANUARY 11, 2017

The three brands that L’Oréal is buying are CeraVe, AcneFree and Ambi, which were each bought by Valeant between 2008 and 2012 for a total of about $150 million, according to estimates by Evercore ISI. As the parent company of Bausch + Lomb, Valeant was investigated by congressional panels, the Federal Trade Commission and the U.S.

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PYMNTS

FEBRUARY 15, 2019

Facebook is set to face a record-setting fine imposed by the Federal Trade Commission (FTC). Sources have told The Wall Street Journal that the parties are currently in negotiations over a multi-billion dollar fine to settle the FTC’s investigation into Facebook’s privacy practices.

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PYMNTS

DECEMBER 7, 2020

Lawsuits could be filed this week on behalf of the Federal Trade Commission (FTC) and a group of state attorneys general led by New York Attorney General Letitia James , according to the sources. James said in a Bloomberg TV interview last week that the states and the FTC could end up combining their cases. .

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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.

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PYMNTS

MARCH 27, 2018

Mortgages have dominated the top spot since the database itself launched in 2012 — which is unsurprising given the CFPB was created following a crisis in mortgage underwriting. This partnership has drawn some complaints from Democrats, who argue the CFPB needs to act independently from the FTC.

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PYMNTS

NOVEMBER 12, 2018

But lest we rush by a bit too quickly, we have three interesting bits this week worth taking a closer look: the most successful day in eCommerce history happened last weekend, SWIFT shut the door on Ripple rumors and MoneyGram settled with the FTC. MoneyGram And The FTC Settle. Singles Day $30B Bonanza. and Canada.

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PYMNTS

JANUARY 26, 2021

The report said lawmakers are trying to erect new limitations on companies attempting to buy up smaller rivals, like when Facebook bought Instagram in 2012. Federal Trade Commission (FTC) against Facebook, along with a separate one against Google.

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PYMNTS

OCTOBER 23, 2020

While the five commissioners of the Federal Trade Commission (FTC) debate if an antitrust lawsuit against Facebook should be pursued, FTC staffers are in favor of moving forward with the case, according to a Wall Street Journal report (WSJ) on Friday (Oct. 23), citing sources familiar with the matter.

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PYMNTS

JULY 12, 2019

The Federal Trade Commission and Facebook have reached a tentative decision to settle ongoing privacy issues with a $5 billion settlement, according to a report by The Wall Street Journal. The FTC voted to approve the settlement with a 3-2 vote along Republican and Democratic party lines, with the former having the majority.

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PYMNTS

JULY 12, 2019

The Federal Trade Commission and Facebook have reached a tentative decision to settle ongoing privacy issues with a $5 billion settlement, according to a report by The Wall Street Journal. The FTC voted to approve the settlement with a 3-2 vote along Republican and Democratic party lines, with the former having the majority.

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