PYMNTS

MAY 28, 2019

According to the news outlet, law enforcement’s initiatives are “an unprecedented level of government attention” for the sector, which has evaded regulators by classifying merchant cash advances as non-loans and, therefore, exempt from personal loan protections under state and federal law.

FTC 56

FTC Federal Trade Commission Law Enforcement Small Business 56

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.

FTC 41

FTC Law Enforcement Federal Trade Commission Procedures 41

Segpay

MAY 1, 2024

This involves establishing incident response teams, implementing incident detection and monitoring mechanisms, and coordinating with relevant stakeholders, including regulatory authorities and law enforcement agencies. Contracts: DORA sets rules for contractual standards when outsourcing to critical ICT third-party providers (CTTPs).

Compliance 52

Compliance Cybersecurity Procedures Risk Management 52

PYMNTS

JUNE 19, 2018

The Federal Trade Commission (FTC) has announced a new law enforcement initiative targeting operations seeking to defraud small businesses. In partnership with the offices of eight state attorneys general (AGs), the New York division of the U.S. Postal Inspection Service, two U.S. Millions of U.S.

FTC 43

FTC Law Enforcement Scams Federal Trade Commission 43

PYMNTS

MARCH 7, 2019

Among the most recent support for that point is a fresh push in California among lawmakers to make their strictest-in-the-nation data privacy law even tougher. Rather, it looks like Marriott inherited this breach from Starwood.”. As part of the hearing, the U.S.

Data Breach 71

Data Breach Breach Privacy Federal Trade Commission 71

PYMNTS

MARCH 2, 2016

The FTC said the Consumer Sentinel Network data tallied complaints made directly to the organization, with additional complaints given over to state and federal law enforcement entities, nongovernmental organizations and other firms. The category of identity theft was seen most often in Missouri, Connecticut and Florida.

FTC 41

FTC Identity Theft Law Enforcement Scams 41

PYMNTS

NOVEMBER 9, 2018

Some fraud — where scammers call their victims alerting them to the fact their accounts have been compromised (they have not, of course) and helping them move money to accounts never to be seen again — falls outside of existing consumer protection mandates.

APACS 60

APACS Law Enforcement Irrevocability Credit Cards 60

PYMNTS

JULY 1, 2019

Gift cards rouse little suspicion from law enforcement and are easily converted into cash. It is incumbent that restaurants and consumers protect themselves against fraud by taking advantage of best practices like complex passwords or two-factor authentication (2FA).

Account Takeovers 66

Account Takeovers Online and Mobile Banking Data Breach Credit Cards 66

FICO

MAY 17, 2019

While this may be a good thing for consumer protection, it’s not so great for fraud prevention because it opens the flood gates for first-party fraudsters – whether with true, manipulated, or synthetic identities – to commit the same schemes they may have 7 years prior.

FBI 75

FBI Credit Risk Identity Theft Law Enforcement 75

PYMNTS

MARCH 22, 2019

The goal in such cases, he noted, is consumer protection. While there are some consumers in the world who are happy to buy a faux Fendi or make-believe Birkin bag (if it looks convincing enough), the reality is that most customers don’t want to buy a fake anything.

Visa 52

Visa Law Enforcement Acquirers Consumer 52

PYMNTS

JULY 3, 2017

Good news for consumers: as of January 2018, that’s not going to be a thing anymore. A new law is going into effect that will prohibit agents from charging customers fees for using their credit or debit card. According to Europol, the European Union’s law enforcement agency, the airline industry loses nearly a billion pounds ($1.3

Payments 44

Payments Cross-Border Debit Card Law Enforcement 44

Fintech News

FEBRUARY 21, 2024

These tools have enabled law enforcement agencies to trace the flow of funds, unmasking the networks behind criminal operations. Under the PSA, DPT service providers must obtain a license from MAS and comply with strict standards related to anti-money laundering, consumer protection, cybersecurity, and governance.

Crime 105

Crime Ransomware Scams Stablecoins 105

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. Adapting for the unknown.

FTC 40

FTC Federal Trade Commission Encryption Privacy 40

PYMNTS

AUGUST 4, 2016

A spokeswoman from the European Commission told Reuters that national authorities are responsible for enforcing the EU’s rules pertaining to data and consumer protection. The lack of transparency cannot be the rule,” Tarabella said.

Laws 41

Laws Law Enforcement Rules Authorization 41

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.

Consumer Protection 40

Consumer Protection FTC Federal Trade Commission Consumer 40

FICO

AUGUST 27, 2018

Treasury is also correct to emphasize the need that any new innovations ensure data accuracy and comply with existing consumer protection laws and regulations including the Fair Credit Reporting Act, Equal Credit Opportunity Act, the Federal Trade Commission Act as well as compliance with model validation and management guidelines.

FinTech 49

FinTech Treasury OCC Federal Trade Commission 49

PYMNTS

MAY 1, 2017

The new entity — renamed the Consumer Law Enforcement Agency — would end up looking like the Federal Trade Commission, Mr Hensarling said: “responsible for actually enforcing the . . . consumer consumer protection laws written by Congress, instead of making up its own law in an unfair, deceptive and abusive manner.”.

Consumer Financial Protection Bureau (CFPB) 43

Consumer Financial Protection Bureau (CFPB) CFPB Federal Trade Commission Law Enforcement 43

PYMNTS

FEBRUARY 14, 2019

13), banking and credit union executives, along with representatives from law enforcement and the cannabis industry, went before lawmakers to argue in favor of change. The risks of running afoul of anti-money laundering laws and other provisions are simply too great for most FIs to take on. population. market for legal weed.

Credit Union 92

Credit Union Law Enforcement Legal Laws 92

PYMNTS

FEBRUARY 13, 2019

13), banking and credit union executives, along with representatives from law enforcement and the cannabis industry, went before lawmakers to argue in favor of change. The risks of running afoul of anti-money laundering laws and other provisions are simply too great for most FIs to take on. population. market for legal weed.

Credit Union 46

Credit Union Legal Law Enforcement Laws 46