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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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 24, 2019

The Federal Trade Commission (FTC) revealed details about its recent testimony before the U.S. The testimony explained how the FTC pays close attention when an industry leader wants to acquire an up-and-coming competitor, using the Clayton Act to analyze the potential merger.

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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

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. antitrust laws, sources told The Wall Street Journal. An FTC spokeswoman declined to comment. billion global users.

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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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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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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.,

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PYMNTS

APRIL 17, 2020

The Federal Trade Commission (FTC) asked a federal judge on Friday (April 17) to order Ponte Investments LLC of West Warwick to stop alleged violations of federal laws, including reputedly posing as an affiliate of the SBA or as an authorized lender. “In The FTC’s complaint, filed in U.S. The PPP program is part of the $2.3

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PYMNTS

JUNE 9, 2020

A Texas operator of several payment processing centers has agreed to be permanently banned from the industry in order to settle charges by the Federal Trade Commission (FTC) and the state of Ohio that they unlawfully participated in scams, according to a press release. The FTC and Ohio officials filed their complaint against the trio in U.S.

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PYMNTS

FEBRUARY 25, 2019

According to an FTC press release , the government agency has approved a final consent order with SoFi that resolves it of allegations that it misrepresented how much student loan borrowers saved by refinancing with the online lender or how much they could save working with the company.

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PYMNTS

JULY 23, 2019

The Washington Post is reporting that as part of a milestone settlement against Facebook, the Federal Trade Commission (FTC) is going to say that Facebook lied to users about handling phone numbers and that it misled users about turning off a photo recognition tool. The new board committee will be added to the existing team.

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PYMNTS

FEBRUARY 27, 2019

million by the Federal Trade Commission (FTC) over the illegal collection of data from children, the FTC said on Wednesday (Feb. This is the largest civil penalty ever obtained by the Commission in a children’s privacy case,” the FTC said. TikTok has been fined a record $5.7

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PYMNTS

APRIL 15, 2019

The FTC clarified in a further post : “The company also claimed that people could pay their loans off early without penalty, but some consumers reported receiving the run-around. The Federal Trade Commission announced on Monday (April 15) a $3.85 Under terms of the settlement, Avant cannot engage in any similar conduct, and must pay $3.85

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PYMNTS

SEPTEMBER 16, 2019

A recent letter sent by the Federal Trade Commission (FTC) shows there is bad blood between the U.S. The FTC and the U.S. Department of Justice — as well as a number of state attorneys general — have been investigating tech giants, such as Alphabet’s Google and Facebook , for possible violation of antitrust laws.

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PYMNTS

AUGUST 4, 2019

As a result, the FTC is reportedly now investigating the deal, and has been interviewing resellers affected by it. One seller, a Minnesota man named John Bumstead, told The Verge that he was contacted by a group of FTC officials. Bumstead was interviewed by FTC lawyers and an economist about the impact of the deal on his business.

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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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PYMNTS

JUNE 2, 2019

It comes as the FTC and the Department of Justice quietly split up the oversight of competition for the country’s big tech companies. The paper noted it’s not clear what the FTC has planned in the case of Amazon and what the Department of Justice will do with Google. The Department of Justice and the FTC both declined to comment. “If

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PYMNTS

SEPTEMBER 13, 2019

Rohit Chopra, a commissioner with the Federal Trade Commission (FTC), said that fining Big Tech companies won’t have any real effect on changing the way they run and that more may need to be done, according to a report by CNBC. Facebook is also being investigated by the FTC in an antitrust probe. Amazon is also in the FTC’s crosshairs.

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PYMNTS

NOVEMBER 19, 2019

18) that the Justice Department may widen investigations into whether tech giants such as Facebook and Google have violated antitrust laws. Rosen said law enforcement could look into privacy, consumer protection and other areas throughout its investigations. News comes, as reported by The New York Times Monday (Nov.

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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. Postal Inspection Service, two U.S.

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PYMNTS

MARCH 29, 2019

It’s common for states to work with federal agencies including the FTC and Justice Department when looking into potential misdeeds. Would the FTC allow Chase or Goldman-Sachs to own the Nasdaq?” By teaming up, states can share the resources and information. Landry said. The answer to that would be absolutely not.”.

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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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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.

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PYMNTS

JANUARY 16, 2017

The FTC is cracking down on robocall telemarketing businesses, announcing last week it cracked down on two such companies that have been making robocalls to consumers that have been on the National Do Not Call Registry since 2012 or even earlier. According to a press release by the FTC late last week, lots of the defendants in FTC v.

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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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PYMNTS

JANUARY 9, 2018

subsidiary agreed to settle charges filed by the FTC after the incident. VTech will pay $650,000 as part of the settlement, according to an FTC press release. The FTC said that VTech had violated the Children’s Online Privacy Protection Act (COPPA) – a U.S. Ohlhausen said in a statement.

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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. The FTC didn’t immediately respond to a WSJ request for comment.

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PYMNTS

FEBRUARY 10, 2017

The FTC is aiming to gauge how much consumers understand about buying and financing a car. “The The FTC received 17 comments in response to that notice that were addressed in the FRN. The FTC said the report looked specifically at Big Data at the end of its lifecycle and how it was used and analyzed once it was collected.

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PYMNTS

APRIL 25, 2018

Bloomberg reported the Federal Trade Commission (FTC) contends the company’s behavior violated federal laws that protect consumers from deceptive and unfair practices. As a result of the FTC complaint, Bloomberg noted the online lender’s stock fell 14 percent to $2.80 a share, off 32 percent so far this year.

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PYMNTS

FEBRUARY 27, 2019

Federal Trade Commission (FTC), which was pretty busy this week on issues related to digital commerce and payments. The FTC said it brought forward “its first case challenging a marketer’s use of fake paid reviews on an independent retail website.”. FTC Penalty. The case involves “Cure Encapsulations, Inc.

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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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VISTA InfoSec

JUNE 21, 2023

Be sure to familiarize yourself with state laws, which your legal counsel will be able to help with. The Federal Trade Commission (FTC) recommends that companies notify law enforcement as soon as possible by contacting local FBI or U.S. Who you report the breach to can depend on the type of company and the scale of the impact.

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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. The support comes before a planned Sept.

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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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PYMNTS

DECEMBER 29, 2016

According to an FTC alert , scammers are creating official-looking fake emails alerting recipients that their licenses will be suspended unless they pay past due fees. Use one you know to be genuine — for example, the number on your membership card,” the FTC said. Prosecutors in the U.S.

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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. Problems With India’s Privacy Law. Gift Cards’ New Unfavorable Fans.

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