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).

FTC 76

FTC Federal Trade Commission Law Enforcement Scams 76

PYMNTS

APRIL 22, 2020

In a press release at the end of March, the Federal Trade Commission reported that it had received more than 7,800 complaints from consumers related to the coronavirus pandemic, twice the number it received a week prior. Scammers often employ addresses that differ slightly from the real ones they are impersonating.

Scams 69

Scams Federal Trade Commission Law Enforcement Phishing 69

PYMNTS

APRIL 27, 2020

The Federal Trade Commission and the Food and Drug Administration sent warning letters last month to some eCommerce merchants because of coronavirus claims. and European law enforcement in January. Amazon has been aggressively removing counterfeit and unproven products that claim to detect, treat, or cure COVID-19.

Federal Trade Commission 70

Federal Trade Commission Law Enforcement On-Demand Laws 70

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.

FTC 56

FTC Federal Trade Commission Law Enforcement Small Business 56

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.

FTC 56

FTC Federal Trade Commission Scams Law Enforcement 56

PYMNTS

JULY 13, 2018

The Federal Trade Commission testified on Thursday (July 12) that enforcement of the Fair Credit Reporting Act (FCRA) remains a top priority. FCRA enforcement continues to be a top priority for the Commission.

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FTC Law Enforcement Federal Trade Commission Procedures 41

PYMNTS

JUNE 16, 2017

The Federal Trade Commission (FTC) announced news that it is mailing 288 checks totaling more than $109,000 to victims of an auto loan modification scam. Affected consumers will receive full refunds based on information they reported to law enforcement, with the average amount being $380. at 866-591-7249.

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FTC Checks Federal Trade Commission Law Enforcement 40

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.

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FTC Law Enforcement Scams Federal Trade Commission 43

PYMNTS

OCTOBER 22, 2018

In yet another addition to the “why we can’t have nice things” files, the Federal Trade Commission (FTC) released a report this week indicated that fraudsters love gifts cards to the extent that many are requesting them as a form of payment these days. Problems With India’s Privacy Law. locations at its peak.

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Laws Privacy FTC Push-to-Card 53

PYMNTS

NOVEMBER 19, 2019

18) that the Justice Department may widen investigations into whether tech giants such as Facebook and Google have violated antitrust laws. Rosen said law enforcement could look into privacy, consumer protection and other areas throughout its investigations. News comes, as reported by The New York Times Monday (Nov.

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FTC Federal Trade Commission Law Enforcement Privacy 40

PYMNTS

JUNE 7, 2019

Allied Wallet , an online payment provider and a client of Wirecard, settled with the Federal Trade Commission (FTC) last month over charges that it helped facilitate fraud and launder money, according to a report by the Financial Times. The settlement scrutinizes concerns about anti-money laundering practices at Wirecard.

FTC 43

FTC Federal Trade Commission Money Laundering Law Enforcement 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

Center for Payments

NOVEMBER 21, 2023

The Federal Trade Commission (FTC) offers tips to follow before making a financial donation to a charity this year. The more information that is provided, the more useful it is to law enforcement. Your Payments Association Can Help!

Holiday Scams 40

Holiday Scams Scams FBI Federal Trade Commission 40

PYMNTS

OCTOBER 7, 2020

Federal Trade Commission found at least 184,000 instances of pandemic-related fraud as of Aug. Such schemes are proliferating as the pandemic and economic hard times make consumers more vulnerable than ever to crooks. As PYMNTS’ Preventing Financial Crimes Playbook recently noted, the U.S.

Bitcoin 93

Bitcoin Consumer Scams Cryptocurrency 93

PYMNTS

JUNE 21, 2016

The company noted that the breach has been reported to its credit card processor along with federal law enforcement officials. Federal Trade Commission to learn about steps you can take to protect yourself against identity theft.”

Compromise 42

Compromise Identity Theft Federal Trade Commission Credential 42

FICO

JANUARY 22, 2021

Federal Trade Commission (FTC) is an important resource, taking in reports from consumers about problems they experience in the marketplace. Exactly how big credit card fraud is depends on where you look. The graphs below show the top fraud types reported to the FTC in 2019 and corresponding dollar loss amounts. .

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Credit Cards FTC Push-to-Card Federal Trade Commission 52

PYMNTS

OCTOBER 30, 2018

Federal Trade Commission (FTC) the latest to place emphasis on the importance of safeguarding data and systems. “But many times, it’s literally just the shame they would feel in reporting the attack to customers and law enforcement.”

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FTC Cybersecurity Small Business Federal Trade Commission 73

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.

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FTC Federal Trade Commission Encryption Privacy 40

FICO

JANUARY 19, 2022

Federal Trade Commission (FTC) is an important resource, taking in reports from consumers about problems they experience in the marketplace. TJ Horan wrote: Exactly how big credit card fraud is depends on where you look. The graphs below show the top fraud types reported to the FTC in 2019 and corresponding dollar loss amounts.

Financial Crimes 52

Financial Crimes Crime Money Laundering NFTs 52

PYMNTS

SEPTEMBER 28, 2018

For years, law enforcement has feared that bitcoin could make money laundering easier. The newspaper claims that law enforcement possibly seized under $2 million of the funds that the paper analyzed. According to its analysis, which it is said only included “a narrow slice of suspected criminal behavior,” $88.6

Consumer Financial Protection Bureau (CFPB) 76

Consumer Financial Protection Bureau (CFPB) Money Laundering Law Enforcement Federal Trade Commission 76

PYMNTS

APRIL 23, 2020

In a previous interview , Cicilline told CNBC the report would lead to new regulations to reform the digital marketplace and empower antitrust law enforcers. While mergers tend to take a back seat during recessions, the news outlet reported the nature of this crisis centering around public health makes it hard to predict.

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Federal Trade Commission FTC Law Enforcement Laws 60

PYMNTS

DECEMBER 14, 2020

The Federal Trade Commission (FTC) has mandated that nine social media companies and streaming services — including Amazon , Facebook , TikTok , Reddit , and more — turn over information about how they collect data, according to a press release.

FTC 64

FTC Federal Trade Commission Law Enforcement Laws 64

PYMNTS

FEBRUARY 9, 2017

In a press release , Federal Trade Commission Acting Chairman Maureen K. Under her tenure, the Bureau brought a series of major law enforcement actions that returned billions of dollars to consumers, including cases against Western Union, Volkswagen, Herbalife, Apple, Google and Amazon,” noted the press release.

Consumer Protection 40

Consumer Protection FTC Federal Trade Commission Consumer 40

PYMNTS

JUNE 20, 2018

This past week saw the Federal Trade Commission (FTC) announce a new law enforcement initiative that focuses on bad actors who seek to commit crimes against small businesses. There are just new ways to do them, it seems, and in the age of technology, the crackdowns on bad actors are going global.

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Scams Phishing Federal Trade Commission Wires 45

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

JULY 13, 2018

The efforts will involve the Department of Justice, CFPB , SEC and Federal Trade Commission , along with agencies in law enforcement at the local level. Though the focus is consumer fraud, there is indeed mention of fraud tied to cryptos and corporate fraud as well.

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Risk Phishing Federal Trade Commission Debit Card 40

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 Most bankers support moves to rein the CFPB in a bit.

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