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The FederalTradeCommission revved up its case against Walmart last week, alleging the retailer facilitated fraudulent transactions, despite a court ruling setback in March.
The FederalTradeCommission is investigating how companies including Mastercard and JPMorgan Chase use AI and personal data for services that let firms set different prices for different people.
Americans lost more than $10 billion to fraud in 2023, with investment scams accounting for nearly half of the losses, FederalTradeCommission data shows.
The FederalTradeCommission (FTC) has announced a final click-to-cancel rule that is set to require sellers to simplify how consumers cancel their recurring subscriptions and memberships.
The FederalTradeCommission (FTC) announced on Tuesday it will be taking action against the online cash app and neobank Dave, which it says used “misleading marketing to deceive consumers.”
The FederalTradeCommission (FTC) recently released a report questioning whether COVID-19 price increases at grocery conglomerates, including corporate mega-stores, were necessary and if the continued higher prices were all about increasing profits.
The FederalTradeCommission demanded information from eight companies, including the card network, to better understand how consumer data is being used in the pricing of products and services.
The facial recognition development trail is dotted with starts and stops in its search for consumer adoption, from Mastercard's "selfie pay" to Apple's 3-D facial scan tests and the FederalTradeCommission's approval of biometric authorization.
BlueSnap and its former CEO have settled with the FederaltradeCommission (FTC) for knowingly processing payments for "deceptive and fraudulent" companies.
The FederalTradeCommission is scheduled to hear from six industry organizations concerned about a proposed rule that would crack down on automatically renewing subscriptions.
In a fiery rebuttal to the FederalTradeCommission lawsuit last week, the nation’s biggest retailer is already doing battle in the court of public opinion.
The FederalTradeCommission has filed a lawsuit against FleetCor Technologies and its CEO Ronald Clarke, alleging they used deceptive practices that defrauded its business customers of hundreds of millions of dollars in fees and false claims about fuel savings.
The FederalTradeCommission filed a complaint Tuesday alleging the fintech rarely disbursed the advertised loan amount and charged consumers a “tip” without giving them the ability to opt out of it.
In June, Reuters reported the FederalTradeCommission (FTC) is conducting a preliminary inquiry of Google’s $1.1 Founded in 2007, Waze said it had 130 million monthly users as of February 2020. Google, the world’s dominant online search engine, has faced growing regulatory scrutiny in recent years.
The specific impetus for the FederalTradeCommission's inquiry into Visa and Mastercard's debit transaction routing processes is not entirely clear, but it likely stems from the effect that advanced payments technology has had on Durbin amendment compliance.
The agreement with authorities including the FederalTradeCommission and state attorneys general — and possibly the Consumer Financial Protection Bureau — may be announced as soon as Monday.
While the transactions were approved by regulators, some Capitol Hill lawmakers have raised antitrust concerns and urged the FederalTradeCommission (FTC) to break up the company and its subsidiaries.
senators urged the FederalTradeCommission (FTC) to investigate allegations that TikTok violated a consent decree protecting children’s privacy, Dig.Watch reported. Authorities said there are concerns about potential misuse. Wednesday’s announcement by the investigative panel comes weeks after four U.S.
More than 200,000 Americans were scammed out of $145 million relating to the pandemic since the beginning of 2020, the FederalTradeCommission (FTC) said. .
To find out if Amazon is utilizing its market power to hurt competition, a FederalTradeCommission (FTC) team of investigators has started to interview small businesses that sell items on Amazon. 11), citing unnamed merchants.
Facebook is also set to face legal action from the FederalTradeCommission (FTC) and numerous states, with FTC commissioner Rohit Chopra saying U.S. He led a 48-state investigation into the company's practices in 2019. Earlier this month, he said more states could still add their names to the lawsuit against Google.
First Data Merchant Services LLC and a former executive agreed to pay more than $40 million to settle a claim by the FederalTradeCommission that the company processed payments and laundered credit card transactions for scams targeting hundreds of thousands of consumers.
The US Department of Justice and FederalTradeCommission have launched legal action against Dave, the mobile banking app, alleging that it misled customers over its charges.
Facebook could soon be staring down a lawsuit as the FederalTradeCommission and numerous states attorneys general finish up one or more antitrust cases against the social media giant, Reuters reports.
Fraud was the top complaint related to coronavirus logged by the FederalTradeCommission (FTC), according to new reports released on the organization’s website. There were 47,881 fraud complaints to the FTC across the country , the majority in every state. There were 14,079 complaints about identity theft, and 3,738
Since August, PYMNTS reported , the FederalTradeCommission (FTC) has tracked 184,000 cases related to the pandemic. Fraud has particularly been an issue during the pandemic, with increased cases sprouting up since March as fraudsters feed off the confusion and disarray of the world's scramble to adapt to the new reality.
The payments, which total more than $10 million, stem from a 2017 settlement with the FederalTradeCommission. The agency charged that NetSpend deceived consumers by advertising that they could get immediate access to their funds.
The FederalTradeCommission has filed a complaint against fintech Dave for using "misleading marketing" and charging "surprise" fees for its cash advance service.
Facebook CEO Mark Zuckerberg testified before the FederalTradeCommission (FTC) as part of the agency’s antitrust investigation into the popular social media giant, CNBC reported.
The FederalTradeCommission (FTC) alleged the companies cut deals that left customers with limited choices. . Upon the closing of the transaction, the current Acima management team will report to Preferred Dynamix Executive Vice President Jason Hogg , and the combined business will be reported in the Preferred Lease segment.
The FederalTradeCommission should look into whether Amazon’s failure to secure its services “constitutes an unfair business practice,” which would violate federal law, Sens. Elizabeth Warren and Ron Wyden wrote the agency's chairman.
FederalTradeCommission (FTC) to put in place a new framework to increase the transparency of companies that handle user data. Tim Cook, Apple’s chief executive who has emerged as a powerful privacy advocate, has called on the U.S.
These states accounted for one third of more than 150,000 instances of COVID-related fraud reported nationally by the FederalTradeCommission (FTC) since mid-March. The five most targeted states by the scams include the ones with the biggest populations: California, Florida, New York, Texas and Pennsylvania.
The COVID-19 pandemic has triggered an uptick in digital fraud and identity theft, with 18,235 pandemic-related fraud reports received by the FederalTradeCommission (FTC) since the beginning of the year.
It is unclear whether the Consumer Financial Protection Bureau is abandoning its supervisory oversight of Equifax or just taking a back seat to the FederalTradeCommission as the latter investigates the credit bureau.
After a payday lender allegedly left consumers to pay more than promised by drawing continued interest-only deductions, the FederalTradeCommission (FTC) has charged a lending operation with overcharging customers and taking money from their bank accounts without authorization.
More than 200,000 Americans have lost $145 million linked to the COVID-19 pandemic since the start of the year, the FederalTradeCommission (FTC) reported on Tuesday (Sept. The median loss was $300, but it was more than twice that amount, $665, for victims 80 years of age or older.
The FederalTradeCommission (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.
The FederalTradeCommission (FTC) and 48 states launched a massive antitrust lawsuit on Facebook Wednesday (Dec. The FTC is seeking an injunction in federal court that could require divestitures of assets, including Instagram and WhatsApp.
The US Department of Justice and FederalTradeCommission have launched legal action against Dave, the UK-based mobile banking app, alleging that it misled customers over its charges.
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