PYMNTS

JUNE 19, 2018

The Federal Trade Commission (FTC) has announced a new law enforcement initiative targeting operations seeking to defraud small businesses. attorneys’ offices and the Better Business Bureau (BBB), the FTC has released the results of Operation Main Street: Stopping Small Business Scams. Millions of U.S.

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FTC Law Enforcement Scams Federal Trade Commission 43

PYMNTS

JULY 13, 2018

She noted that FTC has brought more than 30 actions to enforce the FCRA against consumer reporting agencies, users of consumer reports, and furnishers of information to consumer reporting agencies.

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FTC Law Enforcement Federal Trade Commission Procedures 41

PYMNTS

MARCH 2, 2016

The FTC said Tuesday (March 1) that the data tied to debt collection remains skewed a bit amid the fact that complaints were boosted by a “surge” of contributions from a data service focused on collecting complaints via mobile app (and, by extension, calls that come in through mobile devices).

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FTC Identity Theft Law Enforcement Scams 41

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. to hide non-EU merchants, a move that the FTC said “enabled U.S. financial system.”.

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FTC Federal Trade Commission Money Laundering Law Enforcement 43

PYMNTS

OCTOBER 30, 2018

Federal Trade Commission (FTC) the latest to place emphasis on the importance of safeguarding data and systems. Late last week, the FTC rolled out a series of informational resources for nonprofits and small businesses (SMBs) to heighten awareness and understanding of cybersecurity threats and how to mitigate them.

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FTC Cybersecurity Small Business Federal Trade Commission 73

PYMNTS

JULY 7, 2020

Americans have lost more than $77 million in COVID-19 fraud since the start of the year, according to the Federal Trade Commission (FTC). Consumers reported 121,466 instances of fraud, the FTC found. based consumer advocacy group. “We We know fraud is historically an under-reported crime.”. The median loss was $270.

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Federal Trade Commission FTC Consumer Scams 70

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

NOVEMBER 19, 2019

Rosen said law enforcement could look into privacy, consumer protection and other areas throughout its investigations. As reported by Reuters, FTC Chair Joe Simons said the Technology Enforcement Division (known as TED for short) has been focusing its investigations into other companies. “We

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FTC Federal Trade Commission Law Enforcement Privacy 40

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. Instead of reviewing mergers, Cicilline said the FTC should focus on non-compete clauses that make it difficult for laid-off workers to find new jobs during the pandemic.

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Federal Trade Commission FTC Law Enforcement Laws 60

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. Consumers in the driver’s seat. “It’s

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FTC Federal Trade Commission Encryption Privacy 40

PYMNTS

AUGUST 12, 2020

Federal law enforcement officers alleged thousands of buyers in every U.S. payment processor to execute the scheme and keep it hidden from law enforcement, the release stated. state paid for these items from the defendants’ websites, but the victims never received the purchased products, according to the release.

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Law Enforcement Federal Trade Commission Financial Crimes Scams 52

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.

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Laws Federal Trade Commission Law Enforcement FTC 57

PYMNTS

APRIL 18, 2017

In many cases, these are small-time crimes in the eyes of law enforcement, so many times it goes unnoticed because it’s not large enough to draw the attention and resources of the already very stretched law enforcement agencies,” Frechtling said.

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Law Enforcement Money Laundering Payments Online and Mobile Banking 45

FICO

JANUARY 22, 2021

Federal Trade Commission (FTC) is an important resource, taking in reports from consumers about problems they experience in the marketplace. The graphs below show the top fraud types reported to the FTC in 2019 and corresponding dollar loss amounts. . Credit card fraud was the FTC’s second most-reported fraud type in 2019.

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

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. Gift Cards’ New Unfavorable Fans. They may even call iTunes cards ‘payment vouchers.’

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Laws Privacy FTC Push-to-Card 53

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 Wire 45

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. Perpetrators may divert some or all the funds for their personal use, and those most in need will never see the donations.”

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Holiday Scams Scams FBI Federal Trade Commission 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. The graphs below show the top fraud types reported to the FTC in 2019 and corresponding dollar loss amounts. Credit card fraud was the FTC’s second most-reported fraud type in 2019.

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Financial Crimes Crime Money Laundering NFTs 52

PYMNTS

JANUARY 8, 2018

“It is the mission of the Department of Justice to enforce the laws of the United States, and the previous issuance of guidance undermines the rule of law and the ability of our local, state, tribal and federal law enforcement partners to carry out this mission,” Sessions said in a statement.

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Tax Refunds Scams Legal Wire 42

PYMNTS

FEBRUARY 9, 2017

According to a report by American Banker , Rich joined the FTC in 1991 and has held multiple roles, including deputy director of the consumer protection bureau and associate director of the FTC’s financial practices division. What’s more, Rich said the work at the FTC won’t be impacted by the new government under President Trump. “A

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Consumer Protection FTC Federal Trade Commission Consumer 40

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

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