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.,

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PYMNTS

APRIL 22, 2020

Working alongside our law enforcement partners and the private industry, the Civil Division’s Consumer Protection Branch is taking action against all manner of COVID-19 consumer scams,” said Assistant Attorney General Jody Hunt in a statement.

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Scams Federal Trade Commission Law Enforcement Phishing 69

PYMNTS

OCTOBER 1, 2019

A new report by the Federal Trade Commission (FTC) has revealed that millennials are 25 percent more likely to report losing money to fraud than consumers ages 40 and over.

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FTC Romance Scams Federal Trade Commission Scams 59

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). Payments processing giant First Data Merchant Services and one of its executives will pay $40.3

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PYMNTS

NOVEMBER 18, 2016

17) of a new tax bill scam in which unwitting consumers receive a fake IRS notice that contends they owe the government money because of the Affordable Care Act. Awareness and education are the best tools we have in the joint fight against fraud,” said Dan Marostica, VP of consumer protection compliance for Western Union.

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PYMNTS

SEPTEMBER 28, 2016

The Federal Trade Commission announced on Tuesday (Sept. It’s our goal whenever possible to put money back in the hands of hardworking American consumers who have been victimized,” said Jessica Rich, director of the Bureau of Consumer Protection, in a press release announcing the payout. “We

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FTC Returns Federal Trade Commission Scams 64

PYMNTS

JUNE 9, 2020

A Texas operator of several payment processing centers has agreed to be permanently banned from the industry in order to settle charges by the Federal Trade Commission (FTC) and the state of Ohio that they unlawfully participated in scams, according to a press release. District Court for the Western District of Texas.

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Segpay

JULY 23, 2024

acquirers, they are now rejecting opt-out cross sales or negative options on payment pages due to regulatory concerns, primarily driven by consumer protection legislation, pressure from the card brands to lower dispute rates, and the threat of legal action. .” In talking with our U.S. Their direction seems clear.

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FTC Payments Federal Trade Commission Push-to-Card 105

PYMNTS

FEBRUARY 11, 2020

A Federal Trade Commission (FTC) investigation into the biggest five tech companies in the U.S. The FTC panel said it wanted the commission to look into “consumer protection issues arising from the privacy and data security practices of technology companies, including social media platforms.”.

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FTC Federal Trade Commission Consumer Protection Privacy 53

PYMNTS

JULY 21, 2020

The Federal Trade Commission (FTC) testified before the Senate Commerce Subcommittee on Manufacturing, Trade and Consumer Protection on Tuesday (July 21), detailing its efforts to combat coronavirus-related fraud, including sending warning letters and trying to educate customers on how to spot a scam, according to a press release.

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FTC Federal Trade Commission Scams Law Enforcement 56

PYMNTS

MAY 28, 2019

The Federal Trade Commission has launched an investigation into the merchant cash advance industry just days after FTC Commissioner Rohit Chopra called on the watchdog to tackle unfair small business lending practices.

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FTC Federal Trade Commission Small Business Law Enforcement 56

PYMNTS

MARCH 31, 2019

Federal Trade Commission is gearing up to hold talks with state attorneys general about Facebook and Google ’s position in the technology space. At Google, he pointed to its role in online ads as an antitrust and consumer protection concern. In other Facebook news , the U.S. Landry said.

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PYMNTS

MARCH 6, 2019

The Federal Trade Commission (FTC) has requested comment on the proposed amendments of two rules that protect the privacy and security of customer data held by financial institutions (FIs). The proposed changes are related to the Safeguards Rule and the Privacy Rule under the Gramm-Leach-Bliley Act.

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FTC Privacy Consumer Financial Protection Bureau (CFPB) Security 60

PYMNTS

APRIL 15, 2019

The Federal Trade Commission announced on Monday (April 15) a $3.85 We have alleged that Avant gave the run-around to consumers trying to repay their loans, because of systemic issues with the company’s loan servicing platform,” said Andrew Smith, director of the FTC’s Bureau of Consumer Protection.

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PYMNTS

MARCH 29, 2019

Federal Trade Commission is gearing up to hold talks with state attorneys general about Facebook and Google ’s position in the technology space. It’s common for states to work with federal agencies including the FTC and Justice Department when looking into potential misdeeds. Landry said.

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PYMNTS

NOVEMBER 30, 2020

Earlier this month, Joe Simons , chairman of the Federal Trade Commission, said when big companies acquire startups, that is a red flag signaling possible anti-competitive practices. . Kustomer said its platform will help retailers on Shopify automate 40 percent of interactions.

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PYMNTS

MARCH 17, 2016

Facing charges that it deceived consumers with paid ads that were presented as objective articles, Lord & Taylor has opted to settle with the Federal Trade Commission (FTC). “Consumers have the right to know when they’re looking at paid advertising.”

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FTC Federal Trade Commission Posting Consumer Protection 40

PYMNTS

MARCH 2, 2018

But when seniors do become financial victims, they typically take a bigger hit than millennials do, the Federal Trade Commission (FTC) said in a press release. This underscores the importance of the FTC’s work in educating consumers and cracking down on the scammers who try to take their money.”.

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PYMNTS

FEBRUARY 10, 2017

The Federal Trade Commission had a busy year in 2016, surveying consumers about buying and financing car purchases, issuing a report aimed at helping businesses harness the power of Big Data without discriminating and also taking a hard look at the FinTech market and its implications for consumers.

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FTC Federal Trade Commission FinTech Consumer Protection 49

Global Fintech & Digital Assets

DECEMBER 21, 2023

Compliance Risk Compliance with various consumer protection-related laws and regulations [1] is critical for banks furnishing BNPL loans to ensure that obligations are understood and met on both sides of the transaction.

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OCC BNPL Electronic Fund Transfer Act (EFTA) Federal Trade Commission 59

PYMNTS

DECEMBER 28, 2018

The Federal Trade Commission, which was conducting a probe into Facebook and its practices, will be forced to shutter the investigation due to the government shutdown, according to a report by The Washington Post. The commission’s budget ran out on Friday (Dec.

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PYMNTS

DECEMBER 17, 2019

The Federal Trade Commission (FTC) is refunding over $2.6 The defendants tricked small businesses into paying for products they didn’t order and free samples that weren’t free,” said Andrew Smith, director of the FTC’s Bureau of Consumer Protection.

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FTC Federal Trade Commission Scams Small Business 53

PYMNTS

MARCH 7, 2019

Federal Trade Commission , via Bureau of Consumer Protection Director Andrew Smith, said the federal agency “has settled or litigated more than 60 law enforcement actions against businesses that allegedly failed to take reasonable precautions to protect consumers’ data.

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Data Breach Breach Privacy Federal Trade Commission 71

PYMNTS

SEPTEMBER 24, 2019

The Federal Trade Commission (FTC) revealed details about its recent testimony before the U.S. Senate Subcommittee on Antitrust, Competition Policy and Consumer Rights. Hoffman added that the commission has held its own hearings on competition and consumer protection topics over the last year.

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PYMNTS

JUNE 6, 2016

Just about everybody is waiting for the Internet of Things to really make its mark on the world, but before that happens, the Federal Trade Commission wants to have its say on the future growth of this inherently transformative technology.

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FTC Federal Trade Commission Best Practices Consumer Protection 40

PYMNTS

OCTOBER 1, 2019

A new report by the Federal Trade Commission (FTC) has revealed that millennials are 25 percent more likely to report losing money to fraud than consumers ages 40 and over.

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Romance Scams Consumer Federal Trade Commission Scams 40

PYMNTS

JULY 31, 2019

In May, the Federal Trade Commission launched an investigation into the MCA industry and allegations of its unfair lending practices. For any new market player, combatting the reputation of the MCA can be a challenge.

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Federal Trade Commission Small Business Underwriting Risk Mitigation 65

PYMNTS

SEPTEMBER 9, 2019

A separate investigation by the Federal Trade Commission (FTC) is already underway. As attorneys general, we need to evaluate and address specific conduct, utilizing our existing antitrust and consumer protection laws.”. “We will continue to share information [with the other states and D.C.]

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Federal Trade Commission FTC Laws Participant 41

PYMNTS

MARCH 18, 2016

The Federal Trade Commission issued warning letters to 12 app developers that have installed software that can monitor the microphones that are part of devices. This software is known as SilverPush, and it monitors consumer television viewing habits by using “audio beacons” from TVs.

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FTC Privacy Federal Trade Commission Risk 40

PYMNTS

MARCH 10, 2016

The Federal Trade Commission said on Wednesday (March 9) that it requested, and a federal district court granted, bans on seven people, Ideal Financial Solutions and that company’s subsidiaries from collecting or disclosing consumer information.

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FTC Credential Consumer Federal Trade Commission 40

PYMNTS

APRIL 25, 2018

Bloomberg reported the Federal Trade Commission (FTC) contends the company’s behavior violated federal laws that protect consumers from deceptive and unfair practices. Stopping this kind of conduct will help consumers make informed choices about loan offers.”.

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FTC Federal Trade Commission Consumer Protection Consumer 40

PYMNTS

NOVEMBER 10, 2019

Against a backdrop of comprehensive inquiries, the DOJ and the Federal Trade Commission (FTC) are being criticized by lawmakers for debating which agency should probe which tech company. The membership roster for the CCIA includes Amazon, Facebook and Google, among others. It was first announced in August that the U.S.

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Federal Trade Commission Laws FTC Privacy 40

PYMNTS

DECEMBER 1, 2016

The Federal Trade Commission shut down a data broker operation that allegedly cheated consumers out of $7.1 Scammers used consumer information they bought from this operation to make millions in unauthorized charges,” said Jessica Rich, director of the FTC’s Bureau of Consumer Protection.

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FTC Scams Federal Trade Commission Consumer Protection 40

PYMNTS

APRIL 20, 2018

federal court cracked down on four individuals behind a cryptocurrency pyramid scheme. According to a complaint by the Federal Trade Commission (FTC), the accused violated its prohibition against deceptive acts by claiming that three chain referral schemes could generate substantial income for participants.

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Bitcoin Scams Federal Trade Commission FTC 40

PYMNTS

MAY 26, 2017

The Federal Trade Commission announced Thursday (May 25) it charged the operators of a phony student loan debt relief and credit repair scheme with stealing millions of dollars from consumers by falsely promising to reduce or eliminate their student loan debt and offering them non-existent credit repair services.

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PYMNTS

SEPTEMBER 3, 2019

As attorneys general, we need to evaluate and address specific conduct, utilizing our existing antitrust and consumer protection laws.”. Google said it works to provide choices for consumers.

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Federal Trade Commission FTC Laws Consumer Protection 40

PYMNTS

MARCH 16, 2018

The defendants allegedly promoted chain referral schemes that promised big rewards to participants who paid a small fee in bitcoin or Litecoin to enroll, according to a complaint by the Federal Trade Commission (FTC).

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FTC Federal Trade Commission Bitcoin Enrollments 40