Payments Dive

JULY 23, 2024

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.

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Fi911

NOVEMBER 21, 2024

Over time, the Federal Trade Commission (FTC) has been considering ways to simplify subscription cancellations. The FTC, on October 16, announced their decision in a press release. “The FTC’s rule will put an end to crafty tactics, saving Americans both time and money.

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Finextra

NOVEMBER 7, 2024

The Federal Trade Commission has filed a complaint against fintech Dave for using "misleading marketing" and charging "surprise" fees for its cash advance service.

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The Fintech Times

NOVEMBER 9, 2024

Online cash advance app, Dave is feeling the heat from the Federal Trade Commission (FTC) as the regulator has taken action against it for misleading marketing. However, according to the FTC’s complaint, Dave did not live up to this promise. Only a tiny amount of consumers received the payout.

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Payments Dive

DECEMBER 5, 2023

The Federal Trade Commission is scheduled to hear from six industry organizations concerned about a proposed rule that would crack down on automatically renewing subscriptions.

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The Paypers

JANUARY 11, 2022

The US Federal Trade Commission (FTC) has issued an alert about a new type of crypto scam, involving fraudsters asking people to pay with cryptocurrency.

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Federal Trade Commission Scams FTC Cryptocurrency 28

PYMNTS

JUNE 12, 2020

Fraud was the top complaint related to coronavirus logged by the Federal Trade Commission (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.

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Payments Dive

JULY 6, 2022

In a fiery rebuttal to the Federal Trade Commission lawsuit last week, the nation’s biggest retailer is already doing battle in the court of public opinion.

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PYMNTS

AUGUST 11, 2020

Congress has yet to agree on the next round of stimulus funding, but the Federal Trade Commission ( FTC ) is already warning the public to beware. No one will call to ask for your bank account, credit card or Social Security number, the FTC said.

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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.; Hotei Marketing, Inc.;

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BlueSnap

AUGUST 9, 2024

In July 2024, the US Federal Trade Commission (FTC) announced the results of a review that found that 75.7% of companies that market and sell subscription services use at least one “dark pattern,” with 66.8% using multiple. The post Beware of Using Dark Patterns in Your Subscription Business appeared first on BlueSnap.

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PYMNTS

SEPTEMBER 22, 2020

More than 200,000 Americans have lost $145 million linked to the COVID-19 pandemic since the start of the year, the Federal Trade Commission (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.

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PYMNTS

MARCH 31, 2020

The Federal Trade Commission (FTC) reported in a press release that it has received over 7,800 complaints from consumers all relating to the coronavirus pandemic, twice the number it received just a week ago. The FTC will regularly make the number of coronavirus-related complaints public on its Explore Data page.

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PYMNTS

DECEMBER 14, 2020

The Federal Trade Commission (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.

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PYMNTS

SEPTEMBER 11, 2019

To find out if Amazon is utilizing its market power to hurt competition, a Federal Trade Commission (FTC) team of investigators has started to interview small businesses that sell items on Amazon. 11), citing unnamed merchants.

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PYMNTS

AUGUST 20, 2020

Facebook CEO Mark Zuckerberg testified before the Federal Trade Commission (FTC) as part of the agency’s antitrust investigation into the popular social media giant, CNBC reported.

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PYMNTS

MAY 19, 2020

More than 147,000 consumers who were scammed by I Works are getting full refunds totaling $12 million, the Federal Trade Commission (FTC) announced Monday (May 18). The FTC alleged the Utah-based company operated deceptive trial memberships and bogus government grant and money-making schemes in 2010.

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PYMNTS

JULY 1, 2020

While online purchasing has skyrocketed since March as the country shut down as a defense against COVID-19, so have complaints to the federal watchdog agency responsible for regulating eCommerce. The most common missing items included face masks, sanitizer, toilet paper, thermometers and gloves, the FTC said.

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PYMNTS

SEPTEMBER 16, 2020

The Federal Trade Commission (FTC) is looking into potentially launching an antitrust lawsuit against Facebook over allegations that the social media giant has stifled competition, The Wall Street Journal (WSJ) reported. The FTC can't make that decision unilaterally, though.

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PYMNTS

DECEMBER 9, 2020

The Federal Trade Commission (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.

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PYMNTS

DECEMBER 29, 2020

RentPath won't be acquired by CoStar Group , choosing to terminate the agreement, a press release stated, after the Federal Trade Commission (FTC) decided to sue to block the deal. RentPath has unique assets and extensive relationships, which recent activity has shown will realize full value in the market.".

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PYMNTS

MARCH 2, 2020

In response to fraud from the American Immigration Center, the Federal Trade Commission (FTC) is sending out refunds for those defrauded, according to a press release. The FTC will issue 4,976 refund checks and 44,136 PayPal payments to victims, totaling over $2 million to help make them whole. There was also a $2.2

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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.

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PYMNTS

DECEMBER 6, 2019

The Federal Trade Commission (FTC) found on Friday (Dec. The FTC also found that the firm lied about how it was participating in the Privacy Shield framework between the EU and the U.S., The FTC also found that the firm lied about how it was participating in the Privacy Shield framework between the EU and the U.S.,

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PYMNTS

SEPTEMBER 8, 2020

The Federal Trade Commission (FTC) is looking into Intuit over its TurboTax product, as the company allegedly was tricking customers into paying for what they could've gotten for free, according to a ProPublica report. In May, FTC investigators passed down another civil demand.

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PYMNTS

FEBRUARY 16, 2020

Federal Trade Commission (FTC) is investigating acquisitions made by big tech firms in the past 10 years and has a special focus on Google ’s $1.1 In June 2013, the FTC approved Google’s acquisition of the Israeli company behind the crowdsourced navigation app Waze.

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PYMNTS

FEBRUARY 11, 2020

A Federal Trade Commission (FTC) investigation into the biggest five tech companies in the U.S. Digital technology companies are a big part of the economy and our daily lives,” said FTC Chairman Joseph Simons. has expanded with a new inquiry about acquisitions, according to a report by The Wall Street Journal.

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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.

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PYMNTS

JUNE 22, 2020

The Federal Trade Commission ( FTC ) is sending out over $8.7 Triangle, along with other defendants in the FTC’s case, was marketing items online, such as skin creams, electronic cigarettes, and dietary supplements, according to the release. That money will be used for the refunds, the press release states.

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PYMNTS

NOVEMBER 12, 2020

Federal Trade Commission (FTC), said antitrust enforcers should be on guard against dominant companies buying emerging startups, Bloomberg reported. Joe Simons , chair of the U.S. That, according to the report, shone a light on one of the central issues in the agency's investigation of Facebook.

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PYMNTS

JANUARY 20, 2020

The Federal Trade Commission (FTC) has filed a suit against Georgia fuel card firm FLEETCOR , alleging that it bilked customers out of millions of dollars in hidden fees, a charge the company denies, according to reports on Monday (Jan. It has pledged to “vigorously defend ourselves against the FTC in court.”.

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PYMNTS

JANUARY 17, 2019

Federal Trade Commission (FTC) to put in place a new framework to increase the transparency of companies that handle user data. Cook called on the FTC to create a “data-broker clearinghouse” to control the flow of data. The executive said that he, along with others, will request that U.S.

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PYMNTS

APRIL 20, 2020

Progressive Leasing will pay $175 million to settle charges with the Federal Trade Commission (FTC) that its policies were misleading to customers, according to an April 20 release by the FTC. The FTC ended up filing the complaint and the stipulated final order in the U.S.

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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.,

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PYMNTS

FEBRUARY 20, 2020

The Federal Trade Commission (FTC) has sent $34 million to victims of a scheme by Office Depot and a separate software provider that encouraged them to buy unnecessary computer repair products, according to a report. The FTC is distributing 541,247 checks at $63.35

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PYMNTS

MAY 21, 2019

Payment company Allied Wallet and its owner, Ahmad Khawaja, as well as two officers, Mohammad Diab and Amy Rountree, have settled with the Federal Trade Commission (FTC) over allegations of knowingly processing fraudulent transactions related to scams, the FTC reported on Tuesday (May 21). Rountree’s $320,429.82

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PYMNTS

JULY 21, 2020

The Federal Trade Commission (FTC) testified before the Senate Commerce Subcommittee on Manufacturing, Trade and Consumer Protection on Tuesday (July 21), detailing its efforts to combat coronavirus-related fraud, including sending warning letters and trying to educate customers on how to spot a scam, according to a press release.

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