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. . Some fear that innovation could suffer if regulators come down on mergers and acquisitions.

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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.

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Regulations Consumer Federal Trade Commission Privacy 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. Delrahim also cautioned that there could be competition concerns by regulators over data collected by tech companies.

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PYMNTS

SEPTEMBER 9, 2019

A separate investigation by the Federal Trade Commission (FTC) is already underway. Regulators could even force the company to let go of profitable businesses like YouTube. “I As attorneys general, we need to evaluate and address specific conduct, utilizing our existing antitrust and consumer protection laws.”.

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PYMNTS

SEPTEMBER 3, 2019

Regulators could even force the company to let go of profitable businesses like YouTube. “I 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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PYMNTS

SEPTEMBER 3, 2019

Regulators could even force the company to let go of profitable businesses like YouTube. “I 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

SEPTEMBER 27, 2016

The Federal Trade Commission wants changes to the FTC Act that would allow it to provide better protection to consumers and increase competition. The testimony estimated that the agency has saved consumers over $3.4 But the commission wants the common carrier exception to the FTC Act to be repealed.

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PYMNTS

NOVEMBER 19, 2019

Rosen said law enforcement could look into privacy, consumer protection and other areas throughout its investigations. And that meeting follows one last month where state and federal regulators met about their investigations into Facebook.

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FTC Federal Trade Commission Law Enforcement Privacy 40

PYMNTS

APRIL 25, 2018

LendingClub , the online lender that was once a favorite of Wall Street investors, saw its stock hit a record low on Wednesday (April 25) after it faced allegations by regulators in the U.S. Stopping this kind of conduct will help consumers make informed choices about loan offers.”.

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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

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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Segpay

OCTOBER 4, 2023

Such practices can lead to legal and regulatory challenges, particularly if consumers are harmed or misled. Compliance with Consumer Protection Laws: Affiliate marketers must adhere to various consumer protection laws and regulations, such as the Federal Trade Commission (FTC) guidelines in the United States.

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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

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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PYMNTS

JULY 31, 2019

Regulators have taken note. 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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PYMNTS

JULY 13, 2018

The Federal Trade Commission testified on Thursday (July 12) that enforcement of the Fair Credit Reporting Act (FCRA) remains a top priority. FCRA enforcement continues to be a top priority for the Commission.

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FTC Law Enforcement Federal Trade Commission Procedures 41

Clearly Payments

FEBRUARY 8, 2024

To ensure the smooth operation of this system and protect the interests of all stakeholders, a robust regulatory framework is in place. This article aims to provide an in-depth overview of the key regulatory organizations, payment regulations, and prevailing trends that shape payment regulation in the USA.

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Regulations Electronic Fund Transfer Act (EFTA) Federal Reserve Electronic Funds Transfer (EFT) 87

PYMNTS

MARCH 25, 2016

The creation of regulation and development guidelines, which have the potential to foster the creation of safer, more secure products, is a tall order.

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FTC Federal Trade Commission Encryption Privacy 40

PYMNTS

MAY 22, 2020

After a payday lender allegedly left consumers to pay more than promised by drawing continued interest-only deductions, the Federal Trade Commission (FTC) has charged a lending operation with overcharging customers and taking money from their bank accounts without authorization. Lead Express, Inc.; Hotei Marketing, Inc.;

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FTC Federal Trade Commission Consumer Protection Funds Transfer 79

PYMNTS

APRIL 16, 2018

Not because players such as Facebook, who’ve allowed unauthorized access to consumer data and generally haven’t been very careful with consumer data, shouldn’t pay the price for what they did — they should, and Facebook will.

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PYMNTS

JULY 3, 2017

The CHOICE Act rolls back regulations that Sullivan said can pin down a community bank and prevent it from serving its function. Sullivan said the Act contained a provision that would restrict a regulator from ordering a deposit account to be closed without stating a material reason in writing.

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PYMNTS

JANUARY 20, 2021

While at the CFPB, Kraninger rolled back payday lender regulations, finalized debt collection laws and made changes to consumer finance regulations, Bloomberg Law reported. billion in consumer relief. Cordray’s CFPB secured more than $12 billion in consumer relief over more than five years.

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PYMNTS

APRIL 2, 2019

The big tech landscape is one that continues to be populated by regulators, by disparate voices calling for more oversight, more laws, more mandates spelling out what is private and what is not. I believe it would be good for the internet if more countries adopted regulation such as GDPR as a common framework.” Landry said.

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FICO

AUGUST 27, 2018

This document is the fourth in a series of reports in response to Executive Order 13772 that details the President’s core principles for financial regulation. Quick Take : The report was on the mark in encouraging regulators to help facilitate the development of new solutions utilizing alternative data.

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PYMNTS

MARCH 26, 2018

President Donald Trump, the Federal Trade Commission (FTC) has launched an investigation into the social media platform’s privacy practices, the agency said in a statement. As news swirls that Cambridge Analytica may have improperly collected user data from Facebook that was reportedly used to help elect U.S.

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FTC Privacy Federal Trade Commission Consumer Protection 40

PYMNTS

NOVEMBER 28, 2016

Last week, payday lenders asked a federal judge for emergency relief, claiming there was a concerted effort by federal regulators, including the CFPB, to effectively shut them down. An economically sound consumer financial protection regulator would design rules that, on net, make consumers better off.

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PYMNTS

DECEMBER 11, 2020

We want to protect and serve the consumer, but also let the market work.”. Democrats and Republicans are going after this from different angles, he noted, but they’re all targeting Big Tech firms in the name of consumer protection – even though that’s protection that consumers don’t really seem to want. “I

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