PYMNTS

SEPTEMBER 27, 2016

The Federal Trade Commission wants changes to the FTC Act that would allow it to provide better protection to consumers and increase competition. The FTC provided written testimony by FTC Chairwoman Edith Ramirez and Commissioners Maureen K. The testimony estimated that the agency has saved consumers over $3.4

FTC

PYMNTS

MAY 21, 2020

Active-duty service members are 76 percent more likely to report identity theft than most people, according to data from the Federal Trade Commission (FTC). The FTC reported in its newest Consumer Protection Data Spotlight that service members typically report misuse of their credit and debit card data. percent of the 3.2

Identity Theft

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.

FTC

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.

FTC

PYMNTS

NOVEMBER 8, 2018

The Federal Trade Commission (FTC) said on Thursday (Nov. According to the FTC , the company violated the settlement struck in 2012 that stemmed from charges that the company had aided and abetted wire fraud. Court documents stated that the revised fraud prevention system that was put in place after the settlement was ineffective.

FTC

PYMNTS

FEBRUARY 11, 2020

A Federal Trade Commission (FTC) investigation into the biggest five tech companies in the U.S. The FTC is investigating Apple, Amazon, Facebook, Alphabet and Microsoft over antitrust implications, and it recently asked the companies to turn over information regarding takeovers of smaller companies between the years of 2010 and 2019.

FTC

PYMNTS

DECEMBER 28, 2018

The FTC was looking into a few things, including whether Facebook violated a 2011 consent order when it told consumers it would keep their information private , but repeatedly didn’t do so. David Vladeck, former director of the FTC’s consumer protection bureau, said important aspects of the probe have already stopped moving forward.

Shutdown

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. and FTC v. The FTC’s litigation against them is ongoing as well.

FTC

PYMNTS

MARCH 2, 2016

Among the key subjects of complaints that washed over the Federal Trade Commission’s Consumer Sentinel Network last year included debt collection, identity theft and scams related to impostors. The identity theft designation has been the top complaint category for the past 15 years, said the FTC. ”

FTC

PYMNTS

JULY 13, 2018

FCRA enforcement continues to be a top priority for the Commission. 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.

FTC

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. Data Ethics By Design”.

FTC

PYMNTS

DECEMBER 11, 2020

“We want to protect and serve the consumer, but also let the market work.”. Facebook's FTC Problem. The FTC is seeking an injunction in federal court that could require divestitures of assets, including Instagram and WhatsApp. He said that going after Big Tech is increasingly becoming a bipartisan issue.

FTC

PYMNTS

SEPTEMBER 9, 2019

We will continue to share information [with the other states and D.C.] A separate investigation by the Federal Trade Commission (FTC) is already underway. Facebook and the FTC reached a $5 billion settlement in July over issues concerning privacy. “It’s an entirely different way of dealing with a monopoly,” Moody said. “We

Federal Trade Commission

PYMNTS

SEPTEMBER 3, 2019

I continue to be concerned with the aggregation of data in the hands of a few and am always watchful of any monopoly,” said Mississippi Attorney General Jim Hood. “As As attorneys general, we need to evaluate and address specific conduct, utilizing our existing antitrust and consumer protection laws.”.

Federal Trade Commission

PYMNTS

SEPTEMBER 3, 2019

I continue to be concerned with the aggregation of data in the hands of a few and am always watchful of any monopoly,” said Mississippi Attorney General Jim Hood. “As As attorneys general, we need to evaluate and address specific conduct, utilizing our existing antitrust and consumer protection laws.”.

Federal Trade Commission

PYMNTS

APRIL 12, 2018

Simpson, Consumer Watchdog’s privacy and technology project director. Hearings aren’t enough, unless Congress simply wants to be an enabler for Zuckerberg’s continued abuses.”. It would also give enforcement authority to the Federal Trade Commission (FTC). On Tuesday (April 10), Senators Edward J.

Consumer

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). Separately, the movement by at least some central governments to embrace digital currencies continues. Digital Currencies, Too.

Consumer Financial Protection Bureau (CFPB)

PYMNTS

JULY 31, 2018

and continue to revolutionize the movie industry.”. Reports noted that there is even the possibility that the Federal Trade Commission (FTC), and other consumer protection groups, might get involved in the issue. However, competition from Sinemia and AMC is looming, with each expected to offer more reliable services.

Federal Trade Commission

PYMNTS

JULY 3, 2017

The purpose of Capitol Hill Day is to provide updates and continued education to Congressional representatives and staff regarding the ACH Network, payments, and operating rules. The CLEAR Act will protect those businesses from what Sullivan called “choke point legislation.” Distributed Ledger Technology.

NACHA

PYMNTS

APRIL 11, 2016

the continued movement toward bringing fledgling FinTech startups to flight is gaining traction. is not without a semi-doppelgänger in this arena, with the debut last year of the FTC’s Office of Technology Research and Innovation, as part of its Bureau of Consumer Protections. In the U.K., Of course, the U.S.

Regulations

Clearly Payments

FEBRUARY 8, 2024

The payment landscape in the United States is intricate, continuously evolving to accommodate innovations and meet the changing demands of consumers. To ensure the smooth operation of this system and protect the interests of all stakeholders, a robust regulatory framework is in place.

Regulations

PYMNTS

FEBRUARY 9, 2017

Jessica Rich, head of the FTC’s consumer protection bureau, is leaving the agency. 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.

Consumer Protection

PYMNTS

APRIL 2, 2019

The big tech landscape is one that continues to be populated by regulators, by disparate voices calling for more oversight, more laws, more mandates spelling out what is private and what is not. Federal Trade Commission (FTC) is readying talks with state attorneys general about Facebook and Google. To the growing chorus … add Facebook.

Regulations

PYMNTS

JANUARY 3, 2017

“The CFPB is an unaccountable bureaucracy rife with racial discrimination that churns out regulations that harm consumers, especially those with low and moderate incomes,” Jeff Emerson, a spokesman for House Financial Services Committee Chairman Jeb Hensarling, said in an email to PYMNTS. The court also offered two possible remedies.

CFPB