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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FTC Federal Trade Commission Agreements Regulations 99

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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FTC Federal Trade Commission API Governance 102

PYMNTS

NOVEMBER 16, 2020

corporates, including tech (and beyond Big Tech), Joe Simons , chair of the Federal Trade Commission (FTC), indicated that roadblocks could be set up to stop some of the traditional means of growth and innovation. M&A DOA? In a signal of what might be on the horizon for U.S. An overwhelming number passed muster.

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FTC Innovation Federal Trade Commission Regulations 115

Payments Dive

JULY 6, 2023

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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Federal Trade Commission FTC Facilitators Rules 167

Finextra

MAY 2, 2024

BlueSnap and its former CEO have settled with the Federal trade Commission (FTC) for knowingly processing payments for "deceptive and fraudulent" companies.

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FTC Federal Trade Commission Processors Settlement 80

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. The defendants named in the matter include Camel Coins, Inc.;

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FTC Federal Trade Commission Consumer Protection Funds Transfer 79

Payments Dive

NOVEMBER 1, 2023

The amendment to the FTC’s Safeguards Rule would require non-banking financial institutions to report when they discover information impacting at least 500 people has been accessed without authorization.

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Non-Bank FTC Data Security Breach 88

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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FTC Federal Trade Commission Law Enforcement Scams 76

The Paypers

NOVEMBER 7, 2024

FTC has filed a complaint against Dave for seldom providing the advertised loan amounts and charging consumers a "tip" without an opt-out option.

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Payments Dive

JUNE 29, 2022

The federal agency said Tuesday that the big retailer allowed money transfer fraud that “fleeced customers out of hundreds of millions of dollars.”

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The Paypers

NOVEMBER 7, 2024

FTC has filed a complaint against Dave for seldom providing the advertised loan amounts and charging consumers a "tip" without an opt-out option.

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FTC FinTech Consumer 68

BioCatch

APRIL 17, 2025

The FTC Sentinel Report for 2024 showed $12.5 The FTC has previously estimated consumer scam losses in the US for reported and unreported activity could be as high as $158 billion. Fifth Third Bancorp CEO, Tim Spence, recently wrote an op-ed in American Banker about the epidemic of consumer fraud and scam losses.

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Scams FTC Consumer Accounts 52

Fintech Finance

OCTOBER 30, 2024

The FTC’s new “click-to-cancel” rule, designed to simplify the process of ending subscriptions, has created a stir, putting additional pressure on subscription businesses to reassess their strategies.

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Research FTC Payment Issues Payments 98

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. Consumers who spot a scam should contact the FTC at ftc.gov/complaint.

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FTC Federal Trade Commission Scams Direct Deposit 69

PYMNTS

OCTOBER 23, 2020

While the five commissioners of the Federal Trade Commission (FTC) debate if an antitrust lawsuit against Facebook should be pursued, FTC staffers are in favor of moving forward with the case, according to a Wall Street Journal report (WSJ) on Friday (Oct. 23), citing sources familiar with the matter.

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FTC Federal Trade Commission Rules Acquirers 69

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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FTC Federal Trade Commission Privacy Laws 83

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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FTC Federal Trade Commission Consumer Enrollments 71

PYMNTS

NOVEMBER 8, 2018

The Federal Trade Commission (FTC) said on Thursday (Nov. According to the FTC , the company violated the settlement struck in 2012 that stemmed from charges that the company had aided and abetted wire fraud. Court documents stated that the revised fraud prevention system that was put in place after the settlement was ineffective.

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FTC Settlement Federal Trade Commission Fraud Prevention 64

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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FTC Scams Federal Trade Commission Law Enforcement 76

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. Subsequent data breaches at Facebook and Google have prompted Cook to call for the FTC action.

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FTC Federal Trade Commission Consumer Data Breach 74

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 Analytics Inc.,

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FTC Federal Trade Commission PayPal Checks 66

Finextra

JULY 23, 2024

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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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. percent of the 3.2

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Identity Theft FTC Federal Trade Commission Debit Card 71

PYMNTS

DECEMBER 4, 2018

In a press release , the FTC said that it periodically reviews all of its rules and guidelines and wants comment on whether any modifications need to be made to the Red Flags Rule and the Card Issuers Rule. It was the third biggest complaint area for the first three quarters of this year, noted the FTC.

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Identity Theft FTC Rules Card Issuer 64

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. Further, by purchasing Waze, Google got rid of its main competitor. .

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PYMNTS

AUGUST 13, 2019

Federal Trade Commission (FTC) said he’d he’d be willing to break up tech companies if necessary, according to a report by Bloomberg. The FTC is currently investigating whether Facebook and other large tech companies are harming competition by buying smaller tech companies and merging with them. The chief of the U.S.

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FTC Federal Trade Commission Acquirers Regulations 63

PYMNTS

NOVEMBER 14, 2019

The Federal Trade Commission (FTC) is talking to large merchants to discover if some retailers are being blocked from routing digital payments over alternative debit networks, sources told Bloomberg. antitrust regulators are investigating Visa and Mastercard about their debit card policies, Bloomberg reported on Thursday (Nov.

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Debit Card FTC Visa Federal Trade Commission 70

PYMNTS

MARCH 1, 2020

A coalition of some of the largest labor unions — including the International Brotherhood of Teamsters — has officially petitioned the Federal Trade Commission (FTC) to investigate Amazon for anti-competitive practices, according to The New York Times. 27), asks the FTC to study Amazon’s impact on the economy.

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FTC Federal Trade Commission Economy Research 66

PYMNTS

JULY 1, 2020

Since the beginning of the coronavirus pandemic, the Federal Trade Commission (FTC) has received a record number of complaints related to online shopping, the agency reported on Wednesday (July 1). The most common missing items included face masks, sanitizer, toilet paper, thermometers and gloves, the FTC said.

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FTC Federal Trade Commission Scams Consumer Protection 62

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., Chopra spoke at an agency forum in Washington, D.C.,

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FTC Federal Trade Commission Small Business Regulations 60

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. That said, a lawsuit might not happen at all, WSJ reported.

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FTC Federal Trade Commission Laws Legal 65

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. FTC Chair Joe Simons warned earlier this year that antitrust enforcers should watch out for larger companies buying competitive startups, PYMNTS reported.

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FTC Federal Trade Commission Agreements Blocks 70

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. Wilson said in a joint statement.

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FTC Federal Trade Commission Law Enforcement Laws 64

PYMNTS

JULY 17, 2020

Facebook Inc’s top executives could be required to testify before the Federal Trade Commission (FTC) as the regulator investigates whether the California-based social media conglomerate has violated U.S. An FTC spokeswoman declined to comment. antitrust laws, sources told The Wall Street Journal. billion global users.

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FTC Federal Trade Commission Privacy Laws 64

PYMNTS

MAY 19, 2020

million to settle allegations that they laundered credit card transactions for scams targeting hundreds of thousands of consumers, the Federal Trade Commission (FTC) said on Tuesday (May 19). The FTC said that Ko operated First Pay Solutions LLC, an independent sales organization (ISO) affiliated with First Data, from 2012 to 2014.

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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. There were 14,079 complaints about identity theft, and 3,738

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FTC Federal Trade Commission Identity Theft Consumer 61

PYMNTS

FEBRUARY 21, 2020

Rent-to-own (RTO) companies Rent-A-Center , Buddy’s and Aaron’s have all settled a case with the Federal Trade Commission (FTC) alleging they made reciprocal non-competition deals with each other that violated federal antitrust law and created an environment that limited choices for consumers, according to an FTC press release.

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FTC Federal Trade Commission Agreements Settlement 64