Finextra

MAY 2, 2024

BlueSnap and its former CEO have settled with the Federal trade Commission (FTC) for knowingly processing payments for "deceptive and fraudulent" companies.

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FTC Federal Trade Commission Processors Settlement 80

PYMNTS

DECEMBER 9, 2020

The Federal Trade Commission (FTC) and 48 states launched a massive antitrust lawsuit on Facebook Wednesday (Dec. The FTC is seeking an injunction in federal court that could require divestitures of assets, including Instagram and WhatsApp.

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FTC Federal Trade Commission API Governance 102

PYMNTS

MAY 22, 2020

After a payday lender allegedly left consumers to pay more than promised by drawing continued interest-only deductions, the Federal Trade Commission (FTC) has charged a lending operation with overcharging customers and taking money from their bank accounts without authorization. Lead Express, Inc.; Hotei Marketing, Inc.;

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FTC Federal Trade Commission Consumer Protection Funds Transfer 79

Payments Dive

JULY 23, 2024

The Federal Trade Commission demanded information from eight companies, including the card network, to better understand how consumer data is being used in the pricing of products and services.

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Federal Trade Commission FTC Visa Product 88

PYMNTS

AUGUST 13, 2020

In June, Reuters reported the Federal Trade Commission (FTC) is conducting a preliminary inquiry of Google’s $1.1 A source told the news service that the FTC has not reached the level of an investigation into Google and the company is complying. Google and the FTC declined to comment.

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Contactless Payments Federal Trade Commission FTC Payments 138

PYMNTS

AUGUST 20, 2020

Facebook CEO Mark Zuckerberg testified before the Federal Trade Commission (FTC) as part of the agency’s antitrust investigation into the popular social media giant, CNBC reported.

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FTC Federal Trade Commission Privacy Laws 83

Payments Source

FEBRUARY 27, 2018

The Federal Trade Commission contends Venmo misled consumers on funds availability and security disclosures.

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Venmo Federal Trade Commission FTC PayPal 88

PYMNTS

JANUARY 17, 2019

Federal Trade Commission (FTC) to put in place a new framework to increase the transparency of companies that handle user data. Cook called on the FTC to create a “data-broker clearinghouse” to control the flow of data. The executive said that he, along with others, will request that U.S.

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FTC Federal Trade Commission Consumer Data Breach 74

PYMNTS

MAY 21, 2019

Payment company Allied Wallet and its owner, Ahmad Khawaja, as well as two officers, Mohammad Diab and Amy Rountree, have settled with the Federal Trade Commission (FTC) over allegations of knowingly processing fraudulent transactions related to scams, the FTC reported on Tuesday (May 21). Rountree’s $320,429.82

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FTC Federal Trade Commission Law Enforcement Scams 76

PYMNTS

AUGUST 11, 2020

Congress has yet to agree on the next round of stimulus funding, but the Federal Trade Commission ( FTC ) is already warning the public to beware. No one will call to ask for your bank account, credit card or Social Security number, the FTC said.

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FTC Federal Trade Commission Scams Direct Deposit 69

PYMNTS

DECEMBER 14, 2020

The Federal Trade Commission (FTC) has announced a new operation, Operation Income Illusion, to crack down on fraudsters targeting victims with fake promises of jobs or income, according to a press release. The FTC is working with 19 other federal, state and local law enforcement partners in the effort.

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FTC Scams Federal Trade Commission Law Enforcement 76

PYMNTS

JUNE 12, 2020

Fraud was the top complaint related to coronavirus logged by the Federal Trade Commission (FTC), according to new reports released on the organization’s website. There were 47,881 fraud complaints to the FTC across the country , the majority in every state.

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FTC Federal Trade Commission Identity Theft Consumer 61

PYMNTS

MAY 19, 2020

More than 147,000 consumers who were scammed by I Works are getting full refunds totaling $12 million, the Federal Trade Commission (FTC) announced Monday (May 18). The FTC alleged the Utah-based company operated deceptive trial memberships and bogus government grant and money-making schemes in 2010.

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FTC Federal Trade Commission Consumer Enrollments 71

PYMNTS

NOVEMBER 16, 2020

corporates, including tech (and beyond Big Tech), Joe Simons , chair of the Federal Trade Commission (FTC), indicated that roadblocks could be set up to stop some of the traditional means of growth and innovation. M&A DOA? In a signal of what might be on the horizon for U.S. An overwhelming number passed muster.

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Payments Dive

JULY 6, 2022

In a fiery rebuttal to the Federal Trade Commission lawsuit last week, the nation’s biggest retailer is already doing battle in the court of public opinion.

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Federal Trade Commission FTC 88

Payments Dive

NOVEMBER 7, 2024

The Federal Trade Commission filed a complaint Tuesday alleging the fintech rarely disbursed the advertised loan amount and charged consumers a “tip” without giving them the ability to opt out of it.

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Federal Trade Commission FTC FinTech Consumer 78

PYMNTS

OCTOBER 23, 2020

While the five commissioners of the Federal Trade Commission (FTC) debate if an antitrust lawsuit against Facebook should be pursued, FTC staffers are in favor of moving forward with the case, according to a Wall Street Journal report (WSJ) on Friday (Oct. 23), citing sources familiar with the matter.

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Payments Source

DECEMBER 23, 2019

The Federal Trade Commission has filed a lawsuit against FleetCor Technologies and its CEO Ronald Clarke, alleging they used deceptive practices that defrauded its business customers of hundreds of millions of dollars in fees and false claims about fuel savings.

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Federal Trade Commission FTC Technology Compliance 87

Payments Dive

DECEMBER 5, 2023

The Federal Trade Commission is scheduled to hear from six industry organizations concerned about a proposed rule that would crack down on automatically renewing subscriptions.

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Federal Trade Commission Rules FTC 88

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.

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PYMNTS

MARCH 2, 2020

In response to fraud from the American Immigration Center, the Federal Trade Commission (FTC) is sending out refunds for those defrauded, according to a press release. The FTC will issue 4,976 refund checks and 44,136 PayPal payments to victims, totaling over $2 million to help make them whole. There was also a $2.2

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FTC Federal Trade Commission PayPal Checks 66

Payments Source

NOVEMBER 10, 2016

The Federal Trade Commission filed a lawsuit against NetSpend on Thursday, alleging that the prepaid card issuer deceived consumers in its advertising.

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Federal Trade Commission FTC Card Issuer Issuers 79

PYMNTS

JUNE 10, 2020

senators urged the Federal Trade Commission (FTC) to investigate allegations that TikTok violated a consent decree protecting children’s privacy, Dig.Watch reported. Authorities said there are concerns about potential misuse. Wednesday’s announcement by the investigative panel comes weeks after four U.S.

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Privacy Authorization Federal Trade Commission FTC 101

PYMNTS

DECEMBER 29, 2020

RentPath won't be acquired by CoStar Group , choosing to terminate the agreement, a press release stated, after the Federal Trade Commission (FTC) decided to sue to block the deal. RentPath has unique assets and extensive relationships, which recent activity has shown will realize full value in the market.".

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FTC Federal Trade Commission Agreements Blocks 70

PYMNTS

AUGUST 11, 2020

In an interview with NBC News, FTC Commissioner Rohit Chopra said, “We’re looking hard to make sure that those lenders aren’t adding to the misery and setting small businesses up to fail. Representatives of the companies either denied wrongdoing or declined to comment.

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Federal Trade Commission Regulations FTC Small Business 94

PYMNTS

DECEMBER 28, 2020

More than 200,000 Americans were scammed out of $145 million relating to the pandemic since the beginning of 2020, the Federal Trade Commission (FTC) said. .

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Fincen Suspicious Activity Report (SAR) Scams Federal Trade Commission 127

Payments Source

JANUARY 14, 2020

The specific impetus for the Federal Trade Commission's inquiry into Visa and Mastercard's debit transaction routing processes is not entirely clear, but it likely stems from the effect that advanced payments technology has had on Durbin amendment compliance.

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Federal Trade Commission FTC Debit Transaction Compliance 83

PYMNTS

OCTOBER 4, 2020

While the transactions were approved by regulators, some Capitol Hill lawmakers have raised antitrust concerns and urged the Federal Trade Commission (FTC) to break up the company and its subsidiaries. The FTC didn’t immediately respond to a WSJ request for comment. Facebook declined to discuss the information.

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Federal Trade Commission FTC Request for Comment Laws 116

PYMNTS

SEPTEMBER 16, 2020

The Federal Trade Commission (FTC) is looking into potentially launching an antitrust lawsuit against Facebook over allegations that the social media giant has stifled competition, The Wall Street Journal (WSJ) reported. The FTC can't make that decision unilaterally, though.

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FTC Federal Trade Commission Laws Legal 65

PYMNTS

JULY 1, 2020

While online purchasing has skyrocketed since March as the country shut down as a defense against COVID-19, so have complaints to the federal watchdog agency responsible for regulating eCommerce. The most common missing items included face masks, sanitizer, toilet paper, thermometers and gloves, the FTC said.

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FTC Federal Trade Commission Scams Consumer Protection 62

PYMNTS

MAY 8, 2019

Federal Trade Commission (FTC) is eyeing tighter scrutiny of small business lending practices as Commissioner Rohit Chopra calls on the regulator to combat predatory SMB loan contracts, reports in Bloomberg said on Wednesday (May 8). Chopra spoke at an agency forum in Washington, D.C.,

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FTC Federal Trade Commission Small Business Regulations 60

PYMNTS

MARCH 1, 2020

A coalition of some of the largest labor unions — including the International Brotherhood of Teamsters — has officially petitioned the Federal Trade Commission (FTC) to investigate Amazon for anti-competitive practices, according to The New York Times. 27), asks the FTC to study Amazon’s impact on the economy.

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FTC Federal Trade Commission Economy Research 66

The Paypers

OCTOBER 24, 2024

The Federal Trade Commission (FTC) has announced a final click-to-cancel rule that is set to require sellers to simplify how consumers cancel their recurring subscriptions and memberships.

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Federal Trade Commission Rules FTC Consumer 36

PYMNTS

FEBRUARY 16, 2020

Federal Trade Commission (FTC) is investigating acquisitions made by big tech firms in the past 10 years and has a special focus on Google ’s $1.1 In June 2013, the FTC approved Google’s acquisition of the Israeli company behind the crowdsourced navigation app Waze.

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FTC Federal Trade Commission Blocks Acquirers 64

PYMNTS

DECEMBER 14, 2020

The Federal Trade Commission (FTC) has mandated that nine social media companies and streaming services — including Amazon , Facebook , TikTok , Reddit , and more — turn over information about how they collect data, according to a press release. Wilson said in a joint statement.

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FTC Federal Trade Commission Law Enforcement Laws 64

PYMNTS

OCTOBER 13, 2016

In one of the latest legal twists on hackers who hold hardware and software and the data held within for ransom, Courthousenews.com reported Thursday that the Federal Trade Commission has sued five firms and three men havuing allegedly acted as masterminds behind a global Internet scam.

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FTC Federal Trade Commission Scams Advisors 66

PYMNTS

DECEMBER 16, 2020

Facebook is also set to face legal action from the Federal Trade Commission (FTC) and numerous states, with FTC commissioner Rohit Chopra saying U.S. Earlier this month, he said more states could still add their names to the lawsuit against Google. firms would only benefit Chinese interests.

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Federal Trade Commission FTC Legal Consumer 118