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FTC Related Topics 
Payments Dive
NOVEMBER 1, 2024
“For better or for worse, applying pressure to payments organizations to ferret out bad-merchant actors seems to be an effective way for the FTC to make private industry police the merchant marketplace,” writes an industry lawyer.
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TechCrunch Fintech
NOVEMBER 6, 2024
The Federal Trade Commission (FTC) announced on Tuesday it will be taking action against the online cash app and neobank Dave, which it says used “misleading marketing to deceive consumers.”
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Payments Dive
SEPTEMBER 27, 2023
The FTC alleged in a lawsuit filed Tuesday against the online retail juggernaut that it maintained a monopoly partly through its checkout process.
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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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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
JANUARY 29, 2024
The cash advance provider “lured consumers in with false promises of free money advances,” and then made it difficult for them to cancel, FTC Director Samuel Levine said in a press release.
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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. Whether the products are called cash advances, payday loans, or something else, the FTC will take action to protect consumers from unauthorised charges and deceptive claims.”
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Electronic Payments Coalition
APRIL 9, 2024
The Federal Trade Commission (FTC) recently released a report questioning whether COVID-19 price increases at grocery conglomerates, including corporate mega-stores, were necessary and if the continued higher prices were all about increasing profits.
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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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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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Payments Dive
NOVEMBER 7, 2024
The Federal Trade Commission filed a complaint Tuesday alleging the fintech rarely disbursed the advertised loan amount and charged consumers a “tip” without giving them the ability to opt out of it.
The Paypers
SEPTEMBER 17, 2024
The FTC has announced it will distribute over USD 2.6 million in refunds to consumers affected by FloatMe , an online cash advance provider accused of misleading practices.
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PYMNTS
APRIL 15, 2020
According to the FTC, there have been 18,235 reports of fraudulent activity or fraud attempts related to the coronavirus since Jan. The FTC says the top categories of these scams entail travel and vacation-related items, online shopping and bogus text messaging, along with “all kinds of imposters.” million to fraud.
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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. At 7,628, the FTC found that the greatest number of complaints came from people aged 30-39, who lost a total of $13 million with a median loss of $209.
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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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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
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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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
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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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.
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
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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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.
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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PYMNTS
DECEMBER 12, 2019
Officials at the Federal Trade Commission (FTC) are considering the possibility of a preliminary injunction against Facebook over antitrust issues related to how the social media giant’s apps interact with each other, according to a report by The Wall Street Journal. The FTC action could happen as soon as next month.
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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. That said, a lawsuit might not happen at all, WSJ reported.
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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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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.
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
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
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
FEBRUARY 11, 2020
A Federal Trade Commission (FTC) investigation into the biggest five tech companies in the U.S. The FTC is investigating Apple, Amazon, Facebook, Alphabet and Microsoft over antitrust implications, and it recently asked the companies to turn over information regarding takeovers of smaller companies between the years of 2010 and 2019.
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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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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
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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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
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
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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Fintech News
JUNE 18, 2024
The Monetary Authority of Singapore (MAS) and the National Bank of Cambodia (NBC) have inaugurated the Financial Transparency Corridor (FTC) initiative to enhance financial cooperation between the two countries, particularly for small and medium-sized enterprises (SMEs).
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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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