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 Government 102

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

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

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

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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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

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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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

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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FTC Scams Federal Trade Commission Identity Theft 70

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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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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Federal Trade Commission FTC Visa AI 119

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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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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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

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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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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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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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

PYMNTS

OCTOBER 23, 2020

In today’s top news, Uber and Lyft must reclassify their drivers as employees, and FTC commissioners are in favor of pursuing an antitrust suit against Facebook. FTC Commissioners Weigh Facebook Antitrust Suit. Plus, PayPal eyes buying a cryptocurrency firm. Uber, Lyft Lose AB5 Appeal In California.

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FTC Federal Trade Commission PayPal Cryptocurrency 69

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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FTC Federal Trade Commission Scams Consumer 56

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. FLEETCOR said it “strongly disagrees with the FTC’s complaint,” saying the claims “are without merit.”

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PYMNTS

MARCH 6, 2019

The Federal Trade Commission (FTC) has requested comment on the proposed amendments of two rules that protect the privacy and security of customer data held by financial institutions (FIs). The proposed changes are related to the Safeguards Rule and the Privacy Rule under the Gramm-Leach-Bliley Act.

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PYMNTS

AUGUST 13, 2020

In June, Reuters reported the Federal Trade Commission (FTC) is conducting a preliminary inquiry of Google’s $1.1 A source told the news service that the FTC has not reached the level of an investigation into Google and the company is complying. Google and the FTC declined to comment.

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PYMNTS

DECEMBER 3, 2018

The Federal Trade Commission (FTC) warned Monday (Dec. In a press release , the FTC said the Consumer Sentinel Network has seen an increase in the median dollar amount people over the age of 70 are saying they lost to fraud, and when the FTC delved into the data, it found that many were being scammed by fake grandchildren.

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FTC Scams Federal Trade Commission Legal 55

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. The FTC’s Chopra spoke at a forum in Washington, D.C. ”

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