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FTC revs up money transfer case against Walmart

Payments Dive

The Federal Trade Commission revved up its case against Walmart last week, alleging the retailer facilitated fraudulent transactions, despite a court ruling setback in March.

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FTC investigates 'surveillance pricing' based on customer data

Finextra

The Federal Trade Commission 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.

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US fraud losses top $10bn in 2023

Finextra

Americans lost more than $10 billion to fraud in 2023, with investment scams accounting for nearly half of the losses, Federal Trade Commission data shows.

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Federal Trade Commission introduces final click-to-cancel rule

The Paypers

The Federal Trade Commission (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.

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The FTC comes after neobank Dave for misleading marketing, hidden fees

TechCrunch Fintech

The Federal Trade Commission (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.”

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FTC Report: Largest Mega-Stores, Grocery Conglomerates Profit Off Pandemic Price Hikes

Electronic Payments Coalition

The Federal Trade Commission (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.

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FTC demands pricing input from Mastercard, others

Payments Dive

The Federal Trade Commission 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.