PYMNTS

JULY 24, 2019

As reported on Wednesday (July 24), the Federal Trade Commission (FTC) has said it will fine Facebook $5 billion in the wake of the company’s mishandling of millions of users’ personal data. The FTC also has mandated stricter oversight over third-party apps.

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FTC Privacy Federal Trade Commission Settlement 43

PYMNTS

JULY 24, 2019

Among the tenets of the settlement, the company must establish a board committee that is focused on privacy, and as reported by news outlets including CNBC , CEO Mark Zuckerberg will report certified statements to the FTC, on a quarterly basis, on how the firm is protecting user data and privacy.

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FTC Privacy Federal Trade Commission Settlement 43

PYMNTS

OCTOBER 1, 2018

Last week’s announcements capped off two years of investigation into the P2P lending firm, and its board has expressed some relief that it seems to be time to turn the page on the events of 2016. By 2012, LendingClub announced it had underwritten $1 billion in loans on its platform and was cash flow positive. Attorney Alex Tse. “We

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P2P Origination Underwriting Returns 54

PYMNTS

JULY 15, 2019

All of those things might help to explain why, despite The Wall Street Journal ’s reporting on Friday (July 12) that the FTC had reached an agreement to fine Facebook $5 billion, the company’s stock closed at $204.87, up $3.84 (1.81 This news comes from “persons familiar with the matter,” and neither the FTC nor Facebook have commented.

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FTC Blocks Regulations Breach 67