PYMNTS

OCTOBER 1, 2019

A new report by the Federal Trade Commission (FTC) has revealed that millennials are 25 percent more likely to report losing money to fraud than consumers ages 40 and over. Of that, online shopping accounted for $71 million in reported losses, and government imposter scams were close behind, with $61 million in reported losses.

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FTC Romance Scams Federal Trade Commission Scams 59

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. At Google, he pointed to its role in online ads as an antitrust and consumer protection concern. Would the FTC allow Chase or Goldman-Sachs to own the Nasdaq?” Landry said.

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FTC Federal Trade Commission Consumer Protection Consulting 46

PYMNTS

MAY 1, 2017

As a former Obama nominee, Brill previously served as a commissioner for the FTC since 2010. In addition to Brill’s former government experience, Brill served in North Carolina and Vermont’s Department of Justice in their Consumer Protection and Antitrust divisions.

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FTC Privacy Consumer Protection Legal 43

PYMNTS

JUNE 6, 2016

Friday (June 3) saw the FTC issue an official comment to a request from the Department of Commerce’s National Telecommunications and Information Administration (NTIA) in response to the latter agency’s call for interdepartmental conversation on the potential benefits and drawbacks of governmental guidance for the growing IoT space.

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FTC Federal Trade Commission Best Practices Consumer Protection 40

PYMNTS

MAY 26, 2017

The Federal Trade Commission announced Thursday (May 25) it charged the operators of a phony student loan debt relief and credit repair scheme with stealing millions of dollars from consumers by falsely promising to reduce or eliminate their student loan debt and offering them non-existent credit repair services.

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FTC Federal Trade Commission Enrollments Consumer Protection 40

PYMNTS

APRIL 6, 2018

According to Bloomberg , the FTC is investigating whether Facebook violated the 2011 law that requires the company to get consent from users before sharing information. Investigators will also look into whether Facebook misled users or violated rules governing data shipments between Europe and the U.S. “I

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FTC Federal Trade Commission Privacy Compliance 40

PYMNTS

MARCH 31, 2019

“By updating the rules for the internet, we can preserve what’s best about it — the freedom for people to express themselves and for entrepreneurs to build new things — while also protecting society from broader harms,” Zuckerberg wrote. At Google, he pointed to its role in online ads as an antitrust and consumer protection concern.

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Regulations Federal Trade Commission FTC Rules 60

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”.

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FTC Federal Trade Commission Encryption Data Security 40

PYMNTS

OCTOBER 1, 2019

A new report by the Federal Trade Commission (FTC) has revealed that millennials are 25 percent more likely to report losing money to fraud than consumers ages 40 and over. Of that, online shopping accounted for $71 million in reported losses, and government imposter scams were close behind, with $61 million in reported losses.

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Romance Scams Consumer Federal Trade Commission Scams 40

PYMNTS

FEBRUARY 3, 2020

The creation of a “single European data space, a genuine single market for data” would include new rules governing cross-border use and data interoperability, among other tenets. Separately, the movement by at least some central governments to embrace digital currencies continues. Digital Currencies, Too.

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

PYMNTS

NOVEMBER 10, 2019

Against a backdrop of comprehensive inquiries, the DOJ and the Federal Trade Commission (FTC) are being criticized by lawmakers for debating which agency should probe which tech company. government was working with state attorneys general to probe online platforms for possible antitrust violations.

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Federal Trade Commission Laws FTC Privacy 40

PYMNTS

JULY 3, 2017

Earlier this month, NACHA (the National Automated Clearinghouse Association) sent its Government Relations Advisory Group on its annual pilgrimage to Capitol Hill. It certainly seems to have earned the respect of government officials. The CLEAR Act will protect those businesses from what Sullivan called “choke point legislation.”

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NACHA Faster Payments Same Day ACH ACH 45

PYMNTS

APRIL 28, 2016

Last month, it began soliciting consumer complaints about marketplace lending, writing in a notice to consumers that marketplace lending “does not have the same history of government supervision and oversight as” traditional banks and credit unions. Many are also bound to reporting requirements with the SEC.

CFPB 40

CFPB Consumer Protection Regulatory Compliance FTC 40

PYMNTS

AUGUST 5, 2020

A report by the California-based agency, whose mission is to prevent consumers from being defrauded online by learning the identity of individuals or organizations, revealed the number complaints about coronavirus scams has doubled in most states. million to date, according to the FTC. Those cases have cost victims a total of $97.5

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FTC Federal Trade Commission Scams Identity Theft 112

Clearly Payments

FEBRUARY 8, 2024

It oversees compliance with federal banking laws, including those governing payments. Federal Trade Commission (FTC): The FTC is responsible for enforcing antitrust laws and protecting consumers from deceptive or unfair business practices, including those related to payments.

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Regulations Electronic Fund Transfer Act (EFTA) Federal Reserve Electronic Funds Transfer (EFT) 105

PYMNTS

JANUARY 20, 2021

I support the Constitutional prerogative of the President to appoint senior officials within the government who support the President’s policy priorities, which ensures our government is responsive to the will of the people as expressed in presidential elections,” Kraninger said in a letter to Biden, which she posted on Twitter.

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Consumer Financial Protection Bureau (CFPB) Consumer Protection CFPB Consumer 105

PYMNTS

APRIL 2, 2019

CEO Mark Zuckerberg said in blog posts and an op-ed in The Washington Post this past weekend that there should be heavier regulations on his industry (on the internet in general) and that, with a nod to the GDPR (General Data Protection Regulation), a common framework is to be desired. government, The Verge reported. Landry said.

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Regulations Governance Government Federal Trade Commission 46

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.

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Consumer Protection FTC Federal Trade Commission Consumer 40

PYMNTS

DECEMBER 27, 2016

Still, the breadth of topics the Dodd-Frank consumer protection watchdog took on in 2016 was fairly impressive — even by the CFPB’s aggressive internal standards. The CFPB has had a busy year every year since it was created in 2011.

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Finance CFPB P2P Underwriting 46

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.

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CFPB Federal Reserve FTC Reconciliation 41