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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PYMNTS

NOVEMBER 14, 2019

The Federal Trade Commission (FTC) is talking to large merchants to discover if some retailers are being blocked from routing digital payments over alternative debit networks, sources told Bloomberg. A 2010 law known as the Durbin amendment — named for Illinois Democrat Sen. billion from a class action suit. .

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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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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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PYMNTS

AUGUST 21, 2020

Amid an approaching Federal Trade Commission (FTC) meeting, Facebook has advocated for rules that make it simpler for users to move media to a competing technology firm, Reuters reported. The FTC often issues reports following these workshops,” Facebook Privacy and Public Policy Manager Bijan Madhani told the newswire. “I

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Fi911

APRIL 15, 2025

The Federal Trade Commission (FTC) in the United States, for example, has specific guidelines aimed at ensuring transparency and preventing unfair practices. Notably, the FTC has taken action against companies that failed to clearly disclose their negative-option billing practices. Is Negative-Option Billing Legal?

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PYMNTS

MAY 28, 2019

The Federal Trade Commission has launched an investigation into the merchant cash advance industry just days after FTC Commissioner Rohit Chopra called on the watchdog to tackle unfair small business lending practices. The FTC’s Chopra spoke at a forum in Washington, D.C. ” .

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PYMNTS

NOVEMBER 19, 2020

Facebook could soon be staring down a lawsuit as the Federal Trade Commission and numerous states attorneys general finish up one or more antitrust cases against the social media giant, Reuters reports. Also, the lawsuits are likely to allege that Facebook withheld data from rival companies as a method to crush competition.

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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 it will use the money to provide refunds to consumers allegedly harmed in the case.

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PYMNTS

FEBRUARY 21, 2020

Rent-to-own (RTO) companies Rent-A-Center , Buddy’s and Aaron’s have all settled a case with the Federal Trade Commission (FTC) alleging they made reciprocal non-competition deals with each other that violated federal antitrust law and created an environment that limited choices for consumers, according to an FTC press release.

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PYMNTS

JULY 17, 2020

Facebook Inc’s top executives could be required to testify before the Federal Trade Commission (FTC) as the regulator investigates whether the California-based social media conglomerate has violated U.S. antitrust laws, sources told The Wall Street Journal. An FTC spokeswoman declined to comment.

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Payments Source

OCTOBER 24, 2019

The Federal Trade Commission should look into whether Amazon’s failure to secure its services “constitutes an unfair business practice,” which would violate federal law, Sens. Elizabeth Warren and Ron Wyden wrote the agency's chairman.

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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.

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PYMNTS

APRIL 17, 2020

The Federal Trade Commission (FTC) asked a federal judge on Friday (April 17) to order Ponte Investments LLC of West Warwick to stop alleged violations of federal laws, including reputedly posing as an affiliate of the SBA or as an authorized lender. “In The FTC’s complaint, filed in U.S.

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PYMNTS

DECEMBER 12, 2019

Officials at the Federal Trade Commission (FTC) are considering the possibility of a preliminary injunction against Facebook over antitrust issues related to how the social media giant’s apps interact with each other, according to a report by The Wall Street Journal. The FTC action could happen as soon as next month.

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PYMNTS

JULY 23, 2019

The Washington Post is reporting that as part of a milestone settlement against Facebook, the Federal Trade Commission (FTC) is going to say that Facebook lied to users about handling phone numbers and that it misled users about turning off a photo recognition tool.

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PYMNTS

FEBRUARY 27, 2019

million by the Federal Trade Commission (FTC) over the illegal collection of data from children, the FTC said on Wednesday (Feb. This is the largest civil penalty ever obtained by the Commission in a children’s privacy case,” the FTC said. TikTok has been fined a record $5.7

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PYMNTS

JUNE 9, 2020

A Texas operator of several payment processing centers has agreed to be permanently banned from the industry in order to settle charges by the Federal Trade Commission (FTC) and the state of Ohio that they unlawfully participated in scams, according to a press release. District Court for the Western District of Texas.

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PYMNTS

AUGUST 4, 2019

The Federal Trade Commission is reportedly carrying out an antitrust investigation surrounding a partnership between Apple and Amazon , according to The Verge. As a result, the FTC is reportedly now investigating the deal, and has been interviewing resellers affected by it.

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PYMNTS

APRIL 15, 2019

The Federal Trade Commission announced on Monday (April 15) a $3.85 The FTC clarified in a further post : “The company also claimed that people could pay their loans off early without penalty, but some consumers reported receiving the run-around. million to the thousands of customers who were harmed by its practices.

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PYMNTS

SEPTEMBER 24, 2019

The Federal Trade Commission (FTC) revealed details about its recent testimony before the U.S. The testimony explained how the FTC pays close attention when an industry leader wants to acquire an up-and-coming competitor, using the Clayton Act to analyze the potential merger.

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PYMNTS

MAY 14, 2020

The disparate standards among states present a significant challenge for retailers working to assist law enforcement, protect consumers, and comply with the law,” Huseman wrote. It would be enforced by the Federal Trade Commission (FTC) and the states, which would define gouging.

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PYMNTS

FEBRUARY 10, 2017

The Federal Trade Commission had a busy year in 2016, surveying consumers about buying and financing car purchases, issuing a report aimed at helping businesses harness the power of Big Data without discriminating and also taking a hard look at the FinTech market and its implications for consumers.

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VISTA InfoSec

JUNE 21, 2023

Be sure to familiarize yourself with state laws, which your legal counsel will be able to help with. The Federal Trade Commission (FTC) recommends that companies notify law enforcement as soon as possible by contacting local FBI or U.S. This must be done using the electronic notice forms online.

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PYMNTS

SEPTEMBER 13, 2019

Rohit Chopra, a commissioner with the Federal Trade Commission (FTC), said that fining Big Tech companies won’t have any real effect on changing the way they run and that more may need to be done, according to a report by CNBC. Facebook is also being investigated by the FTC in an antitrust probe.

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PYMNTS

JULY 22, 2019

The Federal Trade Commission will soon announce the details of a settlement with Facebook over privacy violations, according to a report by The Wall Street Journal on Monday (July 22). In 2011, Facebook and the FTC reached a consent decree in regards to protecting user privacy.

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PYMNTS

MAY 14, 2020

The COVID-19 pandemic has triggered an uptick in digital fraud and identity theft, with 18,235 pandemic-related fraud reports received by the Federal Trade Commission (FTC) since the beginning of the year. The estate planning process is historically heavily paper-based, and many archaic laws are keeping it that way.

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PYMNTS

JULY 7, 2020

Americans have lost more than $77 million in COVID-19 fraud since the start of the year, according to the Federal Trade Commission (FTC). Consumers reported 121,466 instances of fraud, the FTC found. based consumer advocacy group. “We We know fraud is historically an under-reported crime.”.

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PYMNTS

JUNE 2, 2019

According to a report in The Washington Post citing people familiar with the matter, under the agreement the Federal Trade Commission more closely regulates the eCommerce giant. It comes as the FTC and the Department of Justice quietly split up the oversight of competition for the country’s big tech companies.

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PYMNTS

MARCH 29, 2019

Federal Trade Commission is gearing up to hold talks with state attorneys general about Facebook and Google ’s position in the technology space. It’s common for states to work with federal agencies including the FTC and Justice Department when looking into potential misdeeds. Landry said.

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PYMNTS

DECEMBER 23, 2019

While law enforcement officials are now probing the matter, County Executive Dan McCoy denies any accusations of payroll fraud or abuse. The Federal Trade Commission (FTC) refunded $2.6 The FTC said the company would send more than 30,000 checks — each averaging $86 — to the SMB scam victims.

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PYMNTS

JUNE 19, 2018

The Federal Trade Commission (FTC) has announced a new law enforcement initiative targeting operations seeking to defraud small businesses. attorneys’ offices and the Better Business Bureau (BBB), the FTC has released the results of Operation Main Street: Stopping Small Business Scams. Millions of U.S.

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PYMNTS

FEBRUARY 25, 2019

The Federal Trade Commission announced it has resolved its investigation of online lender SoFi, following a public comment period. In October the FTC filed a complaint against SoFi contending it made false statements that were prominent about loan refinancing. The claims were made in television, print and in online ads.

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PYMNTS

DECEMBER 23, 2020

According to Bloomberg, smaller websites are particularly concerned that legislators are too focused on major players like Facebook and Google while they mull changes to the law. Google’s owner Alphabet is also wary about changing the law. 22 Federal Trade Commission (FTC) hearing on the matter.

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PYMNTS

SEPTEMBER 10, 2019

An open letter to Congress asking for a consumer data privacy law was signed by 51 CEOs across tech and other industries, CNBC reported on Tuesday (Sept. Executives from the Business Roundtable said in the letter that putting a federal law in place is important and necessary to protect American consumers while also ensuring that the U.S.

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PYMNTS

JUNE 7, 2019

Allied Wallet , an online payment provider and a client of Wirecard, settled with the Federal Trade Commission (FTC) last month over charges that it helped facilitate fraud and launder money, according to a report by the Financial Times. to hide non-EU merchants, a move that the FTC said “enabled U.S.

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PYMNTS

JULY 24, 2020

It is anticipated that the subcommittee will provide a report following the hearing to document in detail what it has discovered and to present potential antitrust law changes. However, those reportedly could be brought about by the Federal Trade Commission (FTC) and Department of Justice (DOJ) examinations.

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