PYMNTS

APRIL 15, 2019

The FTC clarified in a further post : “The company also claimed that people could pay their loans off early without penalty, but some consumers reported receiving the run-around. The Federal Trade Commission announced on Monday (April 15) a $3.85 million to the thousands of customers who were harmed by its practices. “We

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PYMNTS

MARCH 29, 2019

It’s common for states to work with federal agencies including the FTC and Justice Department when looking into potential misdeeds. At Google, he pointed to its role in online ads as an antitrust and consumer protection concern. Would the FTC allow Chase or Goldman-Sachs to own the Nasdaq?” Landry said.

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PYMNTS

NOVEMBER 19, 2019

18) that the Justice Department may widen investigations into whether tech giants such as Facebook and Google have violated antitrust laws. Rosen said law enforcement could look into privacy, consumer protection and other areas throughout its investigations. News comes, as reported by The New York Times Monday (Nov.

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PYMNTS

FEBRUARY 10, 2017

The FTC is aiming to gauge how much consumers understand about buying and financing a car. “The The FTC received 17 comments in response to that notice that were addressed in the FRN. The FTC said the report looked specifically at Big Data at the end of its lifecycle and how it was used and analyzed once it was collected.

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PYMNTS

JANUARY 16, 2017

The FTC is cracking down on robocall telemarketing businesses, announcing last week it cracked down on two such companies that have been making robocalls to consumers that have been on the National Do Not Call Registry since 2012 or even earlier. and FTC v. The FTC’s litigation against them is ongoing as well.

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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. As a result of the FTC complaint, Bloomberg noted the online lender’s stock fell 14 percent to $2.80 a share, off 32 percent so far this year.

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PYMNTS

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. Postal Inspection Service, two U.S.

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PYMNTS

JULY 13, 2018

She noted that FTC has brought more than 30 actions to enforce the FCRA against consumer reporting agencies, users of consumer reports, and furnishers of information to consumer reporting agencies.

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FTC Law Enforcement Federal Trade Commission Procedures 41

PYMNTS

MARCH 2, 2016

Among the key subjects of complaints that washed over the Federal Trade Commission’s Consumer Sentinel Network last year included debt collection, identity theft and scams related to impostors. The identity theft designation has been the top complaint category for the past 15 years, said the FTC.

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FTC Identity Theft Law Enforcement Scams 41

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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PYMNTS

MARCH 25, 2016

But not only are government efforts underway to create and enforce IoT regulation, perhaps somewhat surprisingly, the premiere consumer protection enforcer, the Federal Trade Commission, wants privacy and security practices to be a good thing for both consumers and the IoT space itself. Data Ethics By Design”.

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PYMNTS

SEPTEMBER 9, 2019

A separate investigation by the Federal Trade Commission (FTC) is already underway. Facebook and the FTC reached a $5 billion settlement in July over issues concerning privacy. If Google is found to have broken antitrust laws, its business model could be severely harmed. as we work through this investigation.

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PYMNTS

NOVEMBER 10, 2019

Current antitrust laws are “flexible enough” to handle issues caused by technology firms, said Makan Delrahim, assistant attorney general for the Antitrust Division of the U.S. Department of Justice, Reuters reported on Saturday (Nov. The membership roster for the CCIA includes Amazon, Facebook and Google, among others.

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PYMNTS

SEPTEMBER 3, 2019

If Google is targeted in an antitrust investigation and is found to have broken antitrust laws, its business model could be severely harmed. As attorneys general, we need to evaluate and address specific conduct, utilizing our existing antitrust and consumer protection laws.”.

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Federal Trade Commission FTC Laws Consumer Protection 40

PYMNTS

SEPTEMBER 3, 2019

If Google is targeted in an antitrust investigation and is found to have broken antitrust laws, its business model could be severely harmed. As attorneys general, we need to evaluate and address specific conduct, utilizing our existing antitrust and consumer protection laws.”.

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Federal Trade Commission FTC Laws Consumer Protection 40

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

FEBRUARY 3, 2020

As noted by the news outlet, the government will leverage existing antitrust law, and any fines or regulatory actions tied to the new mandates would be the purview of the Fair Trade Commission (FTC). Separately, late last week, the Consumer Financial Protection Bureau (CFPB) filed a lawsuit against Citizens Bank.

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PYMNTS

APRIL 28, 2016

Last month, it began soliciting consumer complaints about marketplace lending, writing in a notice to consumers that marketplace lending “does not have the same history of government supervision and oversight as” traditional banks and credit unions. Many are also bound to reporting requirements with the SEC.

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Clearly Payments

FEBRUARY 8, 2024

It oversees compliance with federal banking laws, including those governing payments. Federal Trade Commission (FTC): The FTC is responsible for enforcing antitrust laws and protecting consumers from deceptive or unfair business practices, including those related to payments.

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PYMNTS

APRIL 30, 2018

LendingClub Faces FTC Lawsuit. LendingClub’s stock hit a low last week when news broke that it is being sued by the FTC over claims of adding hidden fees and double charging borrowers. This case demonstrates the importance to consumers of having truthful information from lenders, including online marketplace lenders,” said J.

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PYMNTS

JANUARY 20, 2021

Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger handed in her resignation Wednesday (Jan. president, Bloomberg Law reported. While at the CFPB, Kraninger rolled back payday lender regulations, finalized debt collection laws and made changes to consumer finance regulations, Bloomberg Law reported.

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Consumer Financial Protection Bureau (CFPB) Consumer Protection CFPB Consumer 105

PYMNTS

FEBRUARY 9, 2017

Jessica Rich, head of the FTC’s consumer protection bureau, is leaving the agency. According to a report by American Banker , Rich joined the FTC in 1991 and has held multiple roles, including deputy director of the consumer protection bureau and associate director of the FTC’s financial practices division.

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Consumer Protection FTC Federal Trade Commission Consumer 40

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. Federal Trade Commission (FTC) is readying talks with state attorneys general about Facebook and Google. To the growing chorus … add Facebook.

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PYMNTS

APRIL 6, 2018

According to Bloomberg , the FTC is investigating whether Facebook violated the 2011 law that requires the company to get consent from users before sharing information. I think we’re very confident that that was in compliance with the FTC consent decree,” Facebook Chief Operating Officer Sheryl Sandberg said Thursday in an interview.

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