PYMNTS

MAY 9, 2019

Facebook has responded to Co-founder Chris Hughes’ New York Times op-ed piece written on Thursday (May 9) calling for the Federal Trade Commission (FTC) to break it up, according to a report by Reuters. Accountability of tech companies can only be achieved through the painstaking introduction of new rules for the internet.

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FTC Federal Trade Commission Privacy Rules 57

PYMNTS

JUNE 12, 2019

I will note the potential for mischief if the purpose and effect of an acquisition is to block potential competitors, protect a monopoly, or otherwise harm competition.”. The FTC gets more jurisdiction over Facebook while The Department of Justice gets increased scrutiny of Google.

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Federal Trade Commission Rules FTC Blocks 55

PYMNTS

MARCH 18, 2016

As the Staples and Office Depot merger continues to struggle to overcome the FTC’s attempts to block the deal , a new player in the drama has emerged: Amazon. However, a recent subpoena in the FTC case includes details about Amazon’s proposed investment in Office Depot. Mason, the privately held number three office supplier.

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FTC Blocks Rules Posting 40

PYMNTS

APRIL 16, 2019

Senator Richard Blumenthal had reached out to the Department of Justice (DOJ) and the Federal Trade Commission (FTC) calling for an investigation into whether the eCommerce giant was violating antitrust rules with its “price parity” policy, which required merchants to match the Amazon price on all third-party websites.

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Authorization Federal Trade Commission FTC Blocks 46

PYMNTS

MAY 11, 2016

Because it seems this particular corporate marriage will forever live in the annals of things that might have been, but never were, as Federal Judge Emmet Sullivan has officially agreed with the FTC and struck down the deal. The FTC denied it did anything wrong, and apparently it did not stop them from winning the case.

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FTC Federal Trade Commission Rules Blocks 40

PYMNTS

JULY 19, 2019

Amazon’s pharmacy arm PillPack could soon be blocked from accessing patients’ histories, pitting the online giant against Surescripts, an electronic prescribing company that manages about 80 percent of all U.S. A judge ruled that a former CVS employee had to wait 18 months before taking a job at PillPack following a June lawsuit filed by CVS.

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Federal Trade Commission FTC Duplicate Disputes 43

PYMNTS

DECEMBER 21, 2020

The European Union ’s governing European Commission published drafts of new rules for digital services that would cover social media, digital marketplaces and other platforms. The country will be introducing the legislation in 2021 — a move that could bring about the blocking of sites that contravene the new regulations. “We

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Privacy Agreements Federal Trade Commission Regs 57

PYMNTS

JUNE 5, 2019

A European Commission spokesperson said the Commission plans to defend its ruling in court. Google had already settled with the FTC back in 2013. This fine is smaller than the combined $7.67 billion the EU has fined Google in the past two instances. In 2017, Google settled with the EU, agreeing to pay $2.7 billion.

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FTC Blocks Rules Regulations 40

PYMNTS

SEPTEMBER 18, 2017

Nowhere is this outrage more deafening than the halls of Congress , where member after member now demands that executive heads at Equifax be placed on chopping blocks and massive regulatory changes across the credit reporting industry be made. After all, The Big Three were regulated by the CFPB and the FTC, and look where that got us.

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Regulations CFPB Database Consumer Financial Protection Bureau (CFPB) 81

PYMNTS

JUNE 2, 2016

Google is a full half of the market, and given the new slew of ISP rules coming care of the FCC, it will be hard for any new entrant to wrest that away. Ad blocking is on the rise, and half of all consumers reported being very concerned about the use of contextual information.

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Privacy FTC Blocks Innovation 43

PYMNTS

JANUARY 8, 2018

H&R Block and Liberty Tax Services both offer a similar promotion to get customers through the door, promising early, interest-free tax refund loans of $500-$3,000 for qualified customers. The funds for the Earlybird Advance come care of MetaBank, a federally chartered savings bank of Meta Financial Group, Inc.

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Tax Refunds Scams Legal Wire 42

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

PYMNTS

NOVEMBER 6, 2017

The numbers are sobering, as always: The Federal Trade Commission (FTC) has found that account takeover fraud is on the rise. That is what happens when politicians create rules,” Madhu said. Biometrics May Not Be the Panacea. Regulations seem like they may be done in isolation, but ripple effects abound.

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Security Consumer Office of the Comptroller of the Currency Identity Theft 43

PYMNTS

AUGUST 19, 2019

Per the terms of the executive order, the Federal Trade Commission (FTC) will be asked to open a public complaint docket and to work with the FCC to investigate how these companies operate their platforms. The CFPB had filed suit to challenge the rule’s implementation, and critics had charged that the rule could drive lenders out of business.

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CFPB Federal Trade Commission FTC Regulations 51

PYMNTS

JANUARY 3, 2017

The court ruled that the agency’s independent director as created by Dodd-Frank is both unprecedented and unconstitutional. The first is that the CFPB retain its independent nature but be governed by a bipartisan board — à la the FTC. The CFPB has appealed that ruling, which is now before the U.S. Circuit U.S. Court of Appeals.

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PYMNTS

NOVEMBER 28, 2017

26), English filed a motion for an emergency temporary restraining order (TRO) to block the Trump administration from ousting her from the agency. That ruling likely comes as good news for Santander , which had been deemed the likely target of CFPB action in the near future. . The Lawsuit And The What’s Next. Sunday evening (Nov.

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