PYMNTS

DECEMBER 9, 2020

The Federal Trade Commission (FTC) and 48 states launched a massive antitrust lawsuit on Facebook Wednesday (Dec. The FTC is seeking an injunction in federal court that could require divestitures of assets, including Instagram and WhatsApp. By 2012, WhatsApp had emerged as the clear global “category leader” in mobile messaging.

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PYMNTS

MAY 8, 2019

Federal Trade Commission (FTC) is eyeing tighter scrutiny of small business lending practices as Commissioner Rohit Chopra calls on the regulator to combat predatory SMB loan contracts, reports in Bloomberg said on Wednesday (May 8). Chopra spoke at an agency forum in Washington, D.C., Chopra spoke at an agency forum in Washington, D.C.,

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FTC Federal Trade Commission Small Business Regulations 60

PYMNTS

MAY 19, 2020

million to settle allegations that they laundered credit card transactions for scams targeting hundreds of thousands of consumers, the Federal Trade Commission (FTC) said on Tuesday (May 19). The FTC said that Ko operated First Pay Solutions LLC, an independent sales organization (ISO) affiliated with First Data, from 2012 to 2014.

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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 18, 2019

The legislative proposal would limit lenders’ ability to include confessions of judgment to out-of-state debtors in their contracts, a controversial legal instrument that requires borrowers to agree to bypass traditional court proceedings and accept liability to damages. Earlier this year, the U.S.

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Federal Trade Commission FTC Small Business Legal 47

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. These SMBs will have to fulfill certain legal obligations under GDPR, including taking on the data controller role, which can entail processing customers’ or employees’ personal data.

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