PYMNTS

JUNE 9, 2020

A Texas operator of several payment processing centers has agreed to be permanently banned from the industry in order to settle charges by the Federal Trade Commission (FTC) and the state of Ohio that they unlawfully participated in scams, according to a press release. The FTC and Ohio officials filed their complaint against the trio in U.S.

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PYMNTS

MAY 21, 2020

Active-duty service members are 76 percent more likely to report identity theft than most people, according to data from the Federal Trade Commission (FTC). The FTC reported in its newest Consumer Protection Data Spotlight that service members typically report misuse of their credit and debit card data. percent of the 3.2

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PYMNTS

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, the release says, never received their money at all. rate, while many users actually ended up with much lower 0.04

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PYMNTS

MAY 8, 2019

Federal Trade Commission (FTC) is eyeing tighter scrutiny of small business lending practices as Commissioner Rohit Chopra calls on the regulator to combat predatory SMB loan contracts, reports in Bloomberg said on Wednesday (May 8). Chopra spoke at an agency forum in Washington, D.C., Chopra spoke at an agency forum in Washington, D.C.,

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PYMNTS

SEPTEMBER 27, 2016

The Federal Trade Commission wants changes to the FTC Act that would allow it to provide better protection to consumers and increase competition. The FTC provided written testimony by FTC Chairwoman Edith Ramirez and Commissioners Maureen K. The testimony estimated that the agency has saved consumers over $3.4

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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

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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FTC Privacy Consumer Financial Protection Bureau (CFPB) Security 60

PYMNTS

MAY 28, 2019

The Federal Trade Commission has launched an investigation into the merchant cash advance industry just days after FTC Commissioner Rohit Chopra called on the watchdog to tackle unfair small business lending practices. The FTC’s Chopra spoke at a forum in Washington, D.C. ”

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Stax

DECEMBER 2, 2024

In parallel with growing market adoption of surcharging, more states have considered and enacted surcharging legislation, often with the stated goal of standardizing surcharging and ensuring consumer protection. In 2024 alone, more than a dozen state legislatures introduced bills related to surcharging and consumer fees generally.

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PYMNTS

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. The court, in turn, imposed nearly $80 million in judgments against the defendants.

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Chargebee

JANUARY 21, 2024

In an age where consumer protection is paramount, the Federal Trade Commission’s (FTC)proposed “click to cancel” provision marks a significant shift in the subscription business landscape. The provision mandates that the cancellation process must be as simple […]

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FTC Consumer Protection Rules Compliance 52

Chargebee

JANUARY 21, 2024

In an age where consumer protection is paramount, the Federal Trade Commission’s (FTC)proposed “click to cancel” provision marks a significant shift in the subscription business landscape. The provision mandates that the cancellation process must be as simple […]

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FTC Consumer Protection Rules Compliance 52

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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PYMNTS

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. Of that, online shopping accounted for $71 million in reported losses, and government imposter scams were close behind, with $61 million in reported losses.

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PYMNTS

FEBRUARY 10, 2017

The Federal Trade Commission had a busy year in 2016, surveying consumers about buying and financing car purchases, issuing a report aimed at helping businesses harness the power of Big Data without discriminating and also taking a hard look at the FinTech market and its implications for consumers.

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PYMNTS

SEPTEMBER 28, 2016

27) it will return close to $20 million to more than 145,000 consumers around the country who were victimized by One Technologies and its two partner companies in an online scheme that lured consumers with “free” access to their credit scores and then billed them a recurring $29.95 com, FreeScoreOnline.com and ScoreSense.com.

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FTC Returns Federal Trade Commission Scams 64

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

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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FTC Federal Trade Commission Laws Settlement 46

PYMNTS

DECEMBER 28, 2018

The FTC was looking into a few things, including whether Facebook violated a 2011 consent order when it told consumers it would keep their information private , but repeatedly didn’t do so. David Vladeck, former director of the FTC’s consumer protection bureau, said important aspects of the probe have already stopped moving forward.

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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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Segpay

JULY 23, 2024

A negative option can also occur after a trial period, in which sellers automatically begin charging a fee or a higher fee unless consumers affirmatively cancel or return the goods or services. The FTC is now enforcing negative option offers tied to the Restore Online Shoppers Confidence Act (ROSCA), enacted by Congress in 2010.

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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

MARCH 16, 2018

The defendants allegedly promoted chain referral schemes that promised big rewards to participants who paid a small fee in bitcoin or Litecoin to enroll, according to a complaint by the Federal Trade Commission (FTC). The scheme ceased operation within two months of its launch, noted the FTC.

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PYMNTS

AUGUST 5, 2020

A report by the California-based agency, whose mission is to prevent consumers from being defrauded online by learning the identity of individuals or organizations, revealed the number complaints about coronavirus scams has doubled in most states. million to date, according to the FTC. Those cases have cost victims a total of $97.5

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PYMNTS

MARCH 17, 2016

Facing charges that it deceived consumers with paid ads that were presented as objective articles, Lord & Taylor has opted to settle with the Federal Trade Commission (FTC). “Consumers have the right to know when they’re looking at paid advertising.”

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PYMNTS

MAY 26, 2017

The Federal Trade Commission announced Thursday (May 25) it charged the operators of a phony student loan debt relief and credit repair scheme with stealing millions of dollars from consumers by falsely promising to reduce or eliminate their student loan debt and offering them non-existent credit repair services.

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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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FTC Law Enforcement Scams Federal Trade Commission 43

PYMNTS

DECEMBER 1, 2016

The Federal Trade Commission shut down a data broker operation that allegedly cheated consumers out of $7.1 2015, the FTC brought charges against Jason A. The FTC claims that the defendants in the case sold applications to Ideal Financial for roughly $0.50 It imposes a judgment of more than $7.1 Bartholomew, Jr.)

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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. The Commission vote approving the testimony and its inclusion in the formal record was 5-0.

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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

PYMNTS

MARCH 18, 2016

This software is known as SilverPush, and it monitors consumer television viewing habits by using “audio beacons” from TVs. Consumers cannot actually hear these beacons, as the FTC noted in a release. The FTC has stated that app developers should ask users for permission in order to use device microphones.

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FTC Privacy Federal Trade Commission Risk 40

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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FTC Privacy Consumer Protection Legal 43

Global Fintech & Digital Assets

DECEMBER 21, 2023

These consumer lending arrangements (also known as “point-of-sale installment loans” or “pay-in-4”) involve short-term installment loans repayable in four or fewer payments and carry no finance or interest charges. BNPL Loans As described in the Guidance, a BNPL arrangement generally involves a bank, a merchant, and a consumer.

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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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FTC Federal Trade Commission Best Practices Consumer Protection 40

PYMNTS

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. Of that, online shopping accounted for $71 million in reported losses, and government imposter scams were close behind, with $61 million in reported losses.

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Romance Scams Consumer Federal Trade Commission Scams 40

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. Consumers in the driver’s seat.

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FTC Federal Trade Commission Encryption Privacy 40

PYMNTS

APRIL 12, 2018

Consumer Watchdog has called on Congress to enact legislation that would protect consumers’ online privacy in the wake of Facebook’s data scandal. Simpson, Consumer Watchdog’s privacy and technology project director. It would also give enforcement authority to the Federal Trade Commission (FTC).

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