PYMNTS
MAY 14, 2020
The disparate standards among states present a significant challenge for retailers working to assist law enforcement, protect consumers, and comply with the law,” Huseman wrote. It would be enforced by the Federal Trade Commission (FTC) and the states, which would define gouging.
PYMNTS
SEPTEMBER 10, 2019
An open letter to Congress asking for a consumer data privacy law was signed by 51 CEOs across tech and other industries, CNBC reported on Tuesday (Sept. Executives from the Business Roundtable said in the letter that putting a federal law in place is important and necessary to protect American consumers while also ensuring that the U.S.
PYMNTS
OCTOBER 4, 2020
A 14-page report Facebook lawyers prepared in advance of a potential antitrust lawsuit from the government found such action would hurt users, be contrary to established law and cost billions of dollars, WSJ reported after seeing the document. A ‘breakup’ of Facebook is thus a complete nonstarter,” the document stated, according to WSJ.
Payments Source
OCTOBER 24, 2019
The Federal Trade Commission 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.
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.
PYMNTS
AUGUST 24, 2020
Facebook Supports Data-Portability Law. Facebook has advocated for a law that would simplify the process of moving videos and pictures to a competing site. 22 Federal Trade Commission (FTC) hearing on the matter, Reuters reported. Facebook Calls Out Apple For 30 Pct Commission on In-App Purchases.
PYMNTS
AUGUST 21, 2020
Amid an approaching Federal Trade Commission (FTC) meeting, Facebook has advocated for rules that make it simpler for users to move media to a competing technology firm, Reuters reported. The FTC often issues reports following these workshops,” Facebook Privacy and Public Policy Manager Bijan Madhani told the newswire. “I
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