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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PYMNTS

MARCH 31, 2019

Facebook CEO Mark Zuckerberg wrote an opinion piece in The Washington Post calling on regulators to take a “more active role” in making rules for how to police the internet, according to reports. “By It’s common for states to work with federal agencies including the FTC and Justice Department when looking into potential misdeeds.

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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. 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

NOVEMBER 19, 2019

Rosen said law enforcement could look into privacy, consumer protection and other areas throughout its investigations. As reported by Reuters, FTC Chair Joe Simons said the Technology Enforcement Division (known as TED for short) has been focusing its investigations into other companies. “We

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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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Global Fintech & Digital Assets

DECEMBER 21, 2023

The OCC outlines safety and soundness principles and appropriate risk management processes for its regulated institutions that engage in BNPL lending. BNPL in US, UK, and EU Regulators’ Sights The Consumer Financial Protection Bureau (CFPB) has been actively monitoring BNPL activity in the consumer finance marketplace for some time now.

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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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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. It provides a simple mechanism for consumers to stop recurring charges.

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PYMNTS

MAY 1, 2017

As a former Obama nominee, Brill previously served as a commissioner for the FTC since 2010. In addition to Brill’s former government experience, Brill served in North Carolina and Vermont’s Department of Justice in their Consumer Protection and Antitrust divisions.

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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

JUNE 6, 2016

Friday (June 3) saw the FTC issue an official comment to a request from the Department of Commerce’s National Telecommunications and Information Administration (NTIA) in response to the latter agency’s call for interdepartmental conversation on the potential benefits and drawbacks of governmental guidance for the growing IoT space.

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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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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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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. Consumers in the driver’s seat. “It’s It’s a completely different thing to a consumer when you don’t secure my private information. 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. Regulators could even force the company to let go of profitable businesses like YouTube. “I as we work through this investigation.

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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

APRIL 11, 2016

Regulating such a fast growing market means some trial and error, however, will be par for the course. In an interview with the Journal, Christopher Woolard, the FCA’ strategy director, said that innovation may have a tradeoff with the key to make sure that consumers are in fact not being “ripped off” – as the publication termed it.

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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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PYMNTS

FEBRUARY 3, 2020

On the basis of this fact-finding, the Commission will consider how best to address more systemic issues, including by ex ante regulation, if appropriate, to ensure that markets stay open and fair,” the paper noted. By way of example, the regulations would require a company such as Google to explain its search result processes.

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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

APRIL 28, 2016

The new idea being floated involves classifying marketplace lenders, who operate online and also offer smaller loans with set payments, as installment lenders that are under the CFPB’s jurisdiction and regulations. Many are also bound to reporting requirements with the SEC.

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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.; Sea Mirror, Inc; Naito Corp.;

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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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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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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. Today, the FTC is confirming that it has an open non-public investigation into these practices.”. The news comes as U.S.

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PYMNTS

DECEMBER 11, 2020

“We want to protect and serve the consumer, but also let the market work.”. Facebook's FTC Problem. The FTC is seeking an injunction in federal court that could require divestitures of assets, including Instagram and WhatsApp. He said that going after Big Tech is increasingly becoming a bipartisan issue.

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PYMNTS

DECEMBER 27, 2016

Still, the breadth of topics the Dodd-Frank consumer protection watchdog took on in 2016 was fairly impressive — even by the CFPB’s aggressive internal standards. Proponents argued that consumers need deep, rule-enshrined protections from the deprivations of the financial sector. And they are.

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PYMNTS

JANUARY 3, 2017

“The CFPB is an unaccountable bureaucracy rife with racial discrimination that churns out regulations that harm consumers, especially those with low and moderate incomes,” Jeff Emerson, a spokesman for House Financial Services Committee Chairman Jeb Hensarling, said in an email to PYMNTS. The court also offered two possible remedies.

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