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

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. . The Houseparty platform draws youth under 24 and features group video chat.

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PYMNTS

JULY 24, 2019

Among the tenets of the settlement, the company must establish a board committee that is focused on privacy, and as reported by news outlets including CNBC , CEO Mark Zuckerberg will report certified statements to the FTC, on a quarterly basis, on how the firm is protecting user data and privacy.

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FTC Privacy Federal Trade Commission Settlement 43

PYMNTS

JANUARY 16, 2017

The FTC is cracking down on robocall telemarketing businesses, announcing last week it cracked down on two such companies that have been making robocalls to consumers that have been on the National Do Not Call Registry since 2012 or even earlier. and FTC v. The FTC’s litigation against them is ongoing as well.

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PYMNTS

JUNE 16, 2017

Such is life over at ridesharing firm Uber these days, which can now add to the list of its recent woes news of an FTC investigation for alleged privacy violations by the recently under siege carsharing company. Google settled with the FTC in 2012 for undisclosed data tracking in the Safari web browser for $22.5

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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. The case involves “Cure Encapsulations, Inc.

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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. That’s a question that wasn’t considered when the FTC chose not to oppose the Instagram and WhatsApp deals, he said, according to WSJ.

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PYMNTS

NOVEMBER 19, 2020

One source told Reuters that FTC staff has recommended that commissioners sue Facebook in federal court so as to let a group of states led by New York join in the suit. FTC Chair Joe Simons said recently that antitrust enforcers should keep an eye out for big companies buying up emerging startups in their same fields.

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Federal Trade Commission FTC Privacy Laws 92

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

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. . Facebook is facing an antitrust lawsuit that was filed on Wednesday (Dec.

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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. That fine would come in tandem with investigations that have stretched into the past year, since a March 2018 announcement that the FTC was looking into the company’s privacy practices.

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PYMNTS

FEBRUARY 18, 2019

An exact amount hadn’t been agreed upon as of last week, but the fine is expected to be the largest to ever be imposed by the FTC on a technology company. Google in 2012 paid $22.5 million to the FTC to settle an inquiry into how it handles data.

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Regulations Federal Trade Commission FTC Privacy 53

PYMNTS

NOVEMBER 18, 2019

Federal Trade Commission (FTC) said he’d be willing to break up Big Tech companies if necessary, according to Bloomberg. The FTC is currently investigating whether Facebook and other Big Tech firms are harming competition by buying smaller tech companies and merging with them. Facebook Concern.

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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

APRIL 24, 2019

The anticipated and one-time fine that Facebook will pay to the FTC stems from the agency’s investigation into Facebook’s privacy practices. The FTC could also subject the social media giant to tougher checkups to prove it is complying with the settlement. million Google paid to settle a consumer data probe in 2012.

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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. . However, there was not an official investigation, nor were specific privacy rules handed down to the social media giant.

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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. According to the FTC case , a May 2015 acquisition of Paragon reduced the competition for products related to eyewear.

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PYMNTS

JULY 15, 2019

All of those things might help to explain why, despite The Wall Street Journal ’s reporting on Friday (July 12) that the FTC had reached an agreement to fine Facebook $5 billion, the company’s stock closed at $204.87, up $3.84 (1.81 This news comes from “persons familiar with the matter,” and neither the FTC nor Facebook have commented.

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PYMNTS

OCTOBER 1, 2018

Earlier this year, LendingClub saw its stock price hit record lows when news broke that the firm was being sued by the FTC for reportedly charging consumers with hidden fees and, in some cases, double-withdrawing payments from consumer accounts. Those effects, however, were short-lived. lending marketplace.

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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. 9, accusing the company of “illegally maintaining its personal social networking monopoly through a years-long course of anticompetitive conduct.”.

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PYMNTS

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.”. MCX’s owner-members remain committed to our future.”

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PYMNTS

APRIL 30, 2018

That effort kicked off in 2012, when the European Commission first began taking steps to advance data protections in the EU. In addition to Zuckerberg’s grilling on Capitol Hill , the Federal Trade Commission (FTC) also recently launched an investigation into Facebook. The Need for Greater GDPR Compliance.

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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

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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Regulations CFPB Database Consumer Financial Protection Bureau (CFPB) 81

PYMNTS

MAY 6, 2019

It shut down in 2012, 15 months after its official launch. Listening intently, the executive team, now very much consumed by negotiations with the FTC and every other regulator in the world about how to be better stewards of consumer data, tells the team they have their blessing. But not their money.

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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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FTC Federal Trade Commission Privacy Settlement 46

PYMNTS

JANUARY 24, 2019

The FTC is about to complete an investigation into the data breach and whether Facebook violated a consent decree reached in 2011 and could levy Facebook with a sizeable fine, reported The Wall Street Journal. In 2011 the FTC said Facebook deceived customers by sharing data it said it was kept private.

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FTC Federal Trade Commission Request for Comment Data Breach 46

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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Federal Trade Commission FTC Acquirers Privacy 84

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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SWIFT Settlement FTC Federal Trade Commission 43

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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CFPB FTC Consumer Financial Protection Bureau (CFPB) Push-to-Card 48

CB Insights

OCTOBER 10, 2017

Their success is tied to how well they perform in search, and historical SEO rankings tell us that relatively soon after these tools were built (2012), Credit Karma was ranking near the middle–top of the first page of search results for some huge related keywords like: loan calculator : 823,000 monthly searches.

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Finance Online and Mobile Banking Product Checks 78

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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Office of the Comptroller of the Currency Federal Trade Commission OCC FTC 99

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 FTC voted to approve the settlement with a 3-2 vote along Republican and Democratic party lines, with the former having the majority. Preciously, the most a tech company has ever been fined by the FTC is $22.5 million, which was levied against Google in 2012. Facebook has since had other privacy missteps.

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FTC Settlement Federal Trade Commission Privacy 46

PYMNTS

JULY 12, 2019

The FTC voted to approve the settlement with a 3-2 vote along Republican and Democratic party lines, with the former having the majority. Preciously, the most a tech company has ever been fined by the FTC is $22.5 million, which was levied against Google in 2012. Facebook has since had other privacy missteps.

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