The Fintech Times

NOVEMBER 9, 2024

Online cash advance app, Dave is feeling the heat from the Federal Trade Commission (FTC) as the regulator has taken action against it for misleading marketing. Many consumers are either unaware that Dave is charging them or unaware that there is any way to avoid being charged. But, I only was able to get $25.

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FTC Consumer Federal Trade Commission Accounts 64

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NOVEMBER 18, 2020

The Federal Trade Commission (FTC) has alleged that the mobile banking app Beam Financial has misled customers about quick transfers of funds, a press release says, with some customers receiving funds late or not at all. Some of the most popular scams included eCommerce sites not delivering items that had been promised.

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FTC Federal Trade Commission Mobile Banking Scams 64

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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. And millennials are 93 percent more likely than people over 40 to report losing money to fake check scams, which often look like a way to earn money.

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FTC Romance Scams Federal Trade Commission Scams 59

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JULY 1, 2020

While online purchasing has skyrocketed since March as the country shut down as a defense against COVID-19, so have complaints to the federal watchdog agency responsible for regulating eCommerce. Complaints at the time stemmed from canceled travel and vacations as well as online shopping issues and government imposter scams.

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FTC Federal Trade Commission Scams Consumer Protection 62

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APRIL 20, 2018

The potential for bitcoin to be used to scam investors has been a primary concern for many countries. federal court cracked down on four individuals behind a cryptocurrency pyramid scheme. The news comes a few months after the country launched an initiative to identify blockchain scammers. And last month, a U.S.

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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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FTC Federal Trade Commission ISOs Credit Cards 66

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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. And millennials are 93 percent more likely than people over 40 to report losing money to fake check scams, which often look like a way to earn money.

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Romance Scams Consumer Federal Trade Commission Scams 40

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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

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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

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JUNE 19, 2018

The Federal Trade Commission (FTC) has announced a new law enforcement initiative targeting operations seeking to defraud small businesses. attorneys’ offices and the Better Business Bureau (BBB), the FTC has released the results of Operation Main Street: Stopping Small Business Scams. Millions of U.S.

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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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DECEMBER 17, 2019

The Federal Trade Commission (FTC) is refunding over $2.6 million to small businesses that were scammed by A-1 Janitorial, a New York-based office supply company, the FTC said in a press release on Tuesday (Dec. invoice scams have gained traction – significantly so among smaller firms, according to Barclays.

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FTC Federal Trade Commission Scams Small Business 53

PYMNTS

NOVEMBER 28, 2016

We need strong consumer financial protection laws, and enforcement of those laws, to make everyone involved in financial services — from lowly employees pushing products, to local managers at AFS providers, to CEOs at big financial institutions — to think long and hard about scamming consumers. It is to help consumers.

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