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FTC Acts on Consumer Complaints Against Dave For Misleading Marketing and Alleged Failed Promises

The Fintech Times

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. Whether the products are called cash advances, payday loans, or something else, the FTC will take action to protect consumers from unauthorised charges and deceptive claims.”

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FTC Charges Payday Lender With ?Deceptively? Overcharging Clients

PYMNTS

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.; Sea Mirror, Inc; Naito Corp.;

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FTC Provides Testimony On Anti-Fraud Efforts Amid Pandemic

PYMNTS

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 Reports Record Surge In eCommerce Complaints Amid Pandemic

PYMNTS

Since the beginning of the coronavirus pandemic, the Federal Trade Commission (FTC) has received a record number of complaints related to online shopping, the agency reported on Wednesday (July 1). The most common missing items included face masks, sanitizer, toilet paper, thermometers and gloves, the FTC said.

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FTC Warns Of COVID Scams, Cracks Down On Fake Job Schemes

PYMNTS

The Federal Trade Commission (FTC) has announced a new operation, Operation Income Illusion, to crack down on fraudsters targeting victims with fake promises of jobs or income, according to a press release. The FTC is working with 19 other federal, state and local law enforcement partners in the effort.

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First Data And Exec To Pay $40M To Settle FTC Fraud Case

PYMNTS

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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FTC Big Tech Probe Expands With New Inquiries

PYMNTS

A Federal Trade Commission (FTC) investigation into the biggest five tech companies in the U.S. The FTC is investigating Apple, Amazon, Facebook, Alphabet and Microsoft over antitrust implications, and it recently asked the companies to turn over information regarding takeovers of smaller companies between the years of 2010 and 2019.

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