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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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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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. ’s focus on antitrust laws is a good thing in his opinion.

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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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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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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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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. For financial professionals, staying informed about the specific laws in your operating region is crucial. Is Negative-Option Billing Legal?

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AUGUST 24, 2020

Facebook Supports Data-Portability Law. Facebook has advocated for a law that would simplify the process of moving videos and pictures to a competing site. 22 Federal Trade Commission (FTC) hearing on the matter, Reuters reported. Facebook Calls Out Apple For 30 Pct Commission on In-App Purchases.

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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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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 suit could be filed by the end of the year, sources told WSJ.

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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).

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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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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. When chip cards began arriving in the U.S.

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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 Manual, paper timecard entries have allegedly enabled some county employees to submit their hours weeks in advance.

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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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MAY 13, 2020

Republicans on the House of Representatives Judiciary Committee, in a letter addressed to antitrust enforcers with the Justice Department and the Federal Trade Commission, say the opposite, arguing that lawful mergers should be allowed to go forward no matter what. “A Those interested can sign up online.

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SEPTEMBER 22, 2020

Last year, Rohit Chopra , a Federal Trade Commission official, said fining tech companies will not make a difference. Facebook’s Mark Zuckerberg, Sundar Pichai of Google , Apple ’s Tim Cook and Jeff Bezos from Amazon made their case that they face competition and are not violating the nation’s antitrust laws.

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NOVEMBER 17, 2016

In a press release , the group said it sent a letter to Visa CEO Charles Scharf and CEO-Designate Al Kelly after the Federal Reserve declared the technical specifications and rules provided to merchants as part of the move to EMV violated federal law.

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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.

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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). But that number misses an unprecedented scope of scams connected to the coronavirus, according to John Breyault , a spokesman for the National Consumers League , the Washington, D.C.-based

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AUGUST 7, 2018

The legislation is expected to “almost certainly pre-empt state regulation of online privacy,” such as California , which has adopted new privacy laws that are some of the toughest in the country. The Wall Street Journal noted that federal legislation will likely be passed on to the Federal Trade Commission to craft.

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PYMNTS

JANUARY 17, 2021

She is currently a partner at Sullivan & Cromwell , a New York-based law firm. There are other names being considered, such as Jonathan Kanter , who was co-chair of the antitrust department at the law firm Paul Weiss and now runs his own firm. Arteaga, like Hesse, has worked private-sector jobs, having advised companies like J.P.

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NOVEMBER 26, 2019

. “In the growing online world, consumers deserve two things: privacy rights and a strong law to enforce them,” ranking committee member Cantwell said in the announcement. Under the proposed law, users would have the right to see and delete any personal information that companies have accrued about them. Anna Eshoo and Rep.

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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

SEPTEMBER 19, 2019

In July, it was announced that Facebook had reached a $5 billion settlement with the Federal Trade Commission (FTC) over privacy violations. The social media giant has been under scrutiny via multiple antitrust investigations. Shortly thereafter, the agency launched another probe into the company’s competition tactics.

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APRIL 15, 2019

The Federal Trade Commission announced on Monday (April 15) a $3.85 million settlement with online lender Avant over a lawsuit alleging the firm lied to customers and used other illegal tactics.

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OCTOBER 30, 2020

Schmidtlein is an antitrust litigator at the Washington law firm Williams & Connolly. . law firm, Zuckerman Spaeder. He presided over an antitrust case his first year on the bench in a Federal Trade Commission case seeking to block a proposed merger of Sysco Corp.

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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.

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FTC Federal Trade Commission Small Business Law Enforcement 56

PYMNTS

OCTOBER 22, 2018

In yet another addition to the “why we can’t have nice things” files, the Federal Trade Commission (FTC) released a report this week indicated that fraudsters love gifts cards to the extent that many are requesting them as a form of payment these days. Problems With India’s Privacy Law. locations at its peak.

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APRIL 27, 2020

The Federal Trade Commission and the Food and Drug Administration sent warning letters last month to some eCommerce merchants because of coronavirus claims. and European law enforcement in January. Amazon has been aggressively removing counterfeit and unproven products that claim to detect, treat, or cure COVID-19.

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SEPTEMBER 24, 2019

The Federal Trade Commission (FTC) revealed details about its recent testimony before the U.S. Senate Subcommittee on Antitrust, Competition Policy and Consumer Rights.

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AUGUST 4, 2020

James’ office, according to CNet, is partnering with the Federal Trade Commission and California’s attorney general to look into the issue. The letter posited that the company broke the state’s whistleblower laws by firing him, and also may have violated laws on workplace conditions in its warehouses.

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PYMNTS

OCTOBER 3, 2016

But in certain situations, you may need more aggressive enforcement,” said Roberta Karmel, a Brooklyn Law School professor. According to Reuters, the Federal Trade Commission has brought 60 successful data security cases since 2001 because it has introduced clearer regulations. I don’t know that we need new rules.

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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

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). Payments processing giant First Data Merchant Services and one of its executives will pay $40.3

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AUGUST 3, 2019

Called the “Monopolization Deterrence Act,” the law would let the Department of Justice (DOJ) and the Federal Trade Commission (FTC) pursue civil penalties for companies that break monopolization laws. Senators, Amy Klobuchar and Richard Blumenthal, proposed legislation on Friday (Aug. company’s total revenue.

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PYMNTS

MARCH 7, 2019

Among the most recent support for that point is a fresh push in California among lawmakers to make their strictest-in-the-nation data privacy law even tougher. Rather, it looks like Marriott inherited this breach from Starwood.”. As part of the hearing, the U.S.

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