PYMNTS

JULY 27, 2016

The FTC said it has begun mailing checks, amounting to $9.7 According to the FTC, the operators of the illegal credit card scheme made unauthorized charges on the credit cards and debit cards of victims for internet services they didn’t get. All of the illegal actions date back to 1998, the FTC noted.

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PYMNTS

MAY 1, 2017

As a former Obama nominee, Brill previously served as a commissioner for the FTC since 2010. To help button up its privacy offerings, Microsoft has made the decision to hire Julie Brill.

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FTC Privacy Consumer Protection Legal 43

PYMNTS

JUNE 16, 2017

The FTC noted NetSpend will mail a refund check within 30 days after the customer makes the request. The FTC warned consumers to keep in mind they don’t have to pay to get a refund in any FTC cases. In April after a lengthy legal process with the Federal Trade Commission (FTC), the NetSpend Corp. reached an agreement.

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FTC Federal Trade Commission Settlement Debit Card 43

PYMNTS

JULY 26, 2020

In 2010, Amazon invested in LivingSocial , the daily deals website, gaining a 30 percent stake, the WSJ reported. After seeing the announcement of A2I’s debut, Braga limited Amazon’s access to her company’s data and diluted its stake by 90 percent by raising more capital, The WSJ reported.

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Segpay

JULY 23, 2024

Guidelines to Follow In the United States, the Federal Trade Commission’s (FTC) mission is to protect consumers from unfair business practices and methods of competition. The FTC is now enforcing negative option offers tied to the Restore Online Shoppers Confidence Act (ROSCA), enacted by Congress in 2010.

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PYMNTS

FEBRUARY 17, 2020

A bit closer to home, in the States, the Federal Trade Commission (FTC) has expanded its probe into five of the biggest tech companies operating in the country. The FTC has asked the tech giants to turn over information tied to acquisitions of smaller companies spanning 2010 to 2019.

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Regulations FTC Federal Trade Commission Economy 56

PYMNTS

DECEMBER 19, 2018

In 2011 it signed a consent agreement with the FTC that prevents it from sharing data on users without their clear consent. The deals, with some dating back to 2010, were active last year — with some still in effect in 2018. This comes even as Facebook has claimed it stopped providing access to data years ago.

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FTC Federal Trade Commission Privacy Agreements 51

PYMNTS

MAY 25, 2018

They also believe that the setup raises concerns about how online transactions are treated under the Durbin amendment, which was part of the 2010 Dodd-Frank Act. In addition, the National Retail Federation (NRF) is planning to meet soon with federal regulators, including the Fed, the FTC and the Consumer Financial Protection Bureau (CFPB).

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PYMNTS

MARCH 3, 2020

The CFPB was founded in 2010. Presidents have the authority to fire appointees, but some agencies, like the Securities and Exchange Commission (SEC), Federal Trade Commission (FTC) and the Federal Reserve have complicated multi-member leaders structures that aren’t as easy to remove.

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Consumer Financial Protection Bureau (CFPB) CFPB Federal Trade Commission Federal Reserve 52

PYMNTS

FEBRUARY 6, 2019

billion in revenue since its initial public offering (IPO) in 2010, reports said, with shares climbing more than 780 percent during that time. Yet, reports said there have been 366 complaints filed with the Federal Trade Commission (FTC) against FLEETCOR since 2014. FLEETCOR posted $2.2 WEX Inc. ,

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PYMNTS

MAY 6, 2019

Listening intently, the executive team, now very much consumed by negotiations with the FTC and every other regulator in the world about how to be better stewards of consumer data, tells the team they have their blessing. But not their money. Go find your billion dollars elsewhere, they say. billion of which came from the U.S.

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PYMNTS

FEBRUARY 3, 2020

As noted by the news outlet, the government will leverage existing antitrust law, and any fines or regulatory actions tied to the new mandates would be the purview of the Fair Trade Commission (FTC). The suit, filed in Rhode Island, alleges that Citizens Bank violated federal consumer protection laws during the period between 2010 to 2016.

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Consumer Financial Protection Bureau (CFPB) CFPB Digital Currency Central Bank 52

PYMNTS

OCTOBER 1, 2018

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. In 2010, LendingClub added to its war chest with a $24.5 The DOJ Finding.

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P2P Origination Underwriting Returns 54

PYMNTS

FEBRUARY 12, 2020

Also, the FTC expanded its antitrust probe into Apple, Amazon, Facebook, Alphabet, and Microsoft. FTC Big Tech Probe To Examine Acquisitions. The FTC recently asked the companies to turn over information regarding takeovers of smaller companies between the years of 2010 and 2019.

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FTC Federal Trade Commission Treasury Checks 55

PYMNTS

FEBRUARY 14, 2020

The Cost of Love: Broken hearts club: Consumers report losing more than $200 million to romance scams last year, as estimated by the FTC. Big Tech and Expanding Probes: A Federal Trade Commission (FTC) investigation into the biggest five tech companies in the U.S. That’s up 40 percent over 2018. has broadened to examine acquisitions.

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Business Email Compromise Cross-Border Romance Scams FTC 52

PYMNTS

JANUARY 19, 2021

As reported, President-elect Joe Biden nominated Rohit Chopra , a commissioner at the Federal Trade Commission (FTC), to lead the Consumer Financial Protection Bureau (CFPB), replacing Kathy Kraninger as director (who remains in her post in a term that technically runs through 2023, but is likely to be replaced by Biden).

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CFPB Consumer Financial Protection Bureau (CFPB) Federal Trade Commission FTC 57

PYMNTS

JANUARY 18, 2021

Rohit Chopra , a commissioner at the Federal Trade Commission (FTC), is expected to be tapped by President-elect Joe Biden to head the Consumer Financial Protection Bureau (CFPB), according to the Wall Street Journal (WSJ) on Monday (Jan. At the FTC since 2018, Chopra was an aggressive enforcer. 16), citing sources.

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CFPB Consumer Financial Protection Bureau (CFPB) Federal Trade Commission FTC 66