PYMNTS

FEBRUARY 15, 2019

Facebook is set to face a record-setting fine imposed by the Federal Trade Commission (FTC). Sources have told The Wall Street Journal that the parties are currently in negotiations over a multi-billion dollar fine to settle the FTC’s investigation into Facebook’s privacy practices.

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FTC Federal Trade Commission Privacy Settlement 46

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. The company is expected to earn $5.4

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PYMNTS

APRIL 24, 2019

More consumers keep using Facebook even as the social network said on Wednesday (April 24) that it faces a fine of between $3 billion and $5 billion from the Federal Trade Commission over privacy. The federal agency has accused the social media platform of violating a privacy consent decree from 2011.

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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). The settlement includes a fine of about $5 billion, and it would end a long investigation into the social media giant.

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FTC Federal Trade Commission Privacy Settlement 46

PYMNTS

DECEMBER 24, 2019

In its ongoing attempts to fix its privacy standards, Facebook will no longer use phone numbers to determine who one sees on their “people you may know” list, according to Reuters. The move is an attempt by the company — which has been dogged by privacy scandals for years now — to correct misuses of peoples’ data.

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Federal Trade Commission FTC Privacy Authentication 55

PYMNTS

MAY 5, 2019

With Facebook and the Federal Trade Commission in the final stages of settlement talks, disagreements between the five-member FTC panel are complicating the discussions. When Facebook reported quarterly earnings in late April it said it was setting aside $3 billion to $5 billion to cover a settlement with the FTC.

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PYMNTS

MARCH 31, 2019

Facebook has been in the spotlight for its own problems with policing content and privacy for its users. Also, the government and Facebook are reportedly negotiating a settlement in the neighborhood of multi-billions for the company’s privacy issues. . In other Facebook news , the U.S.

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Regulations Federal Trade Commission FTC Rules 60

PYMNTS

MAY 9, 2019

Facebook has responded to Co-founder Chris Hughes’ New York Times op-ed piece written on Thursday (May 9) calling for the Federal Trade Commission (FTC) to break it up, according to a report by Reuters. Facebook accepts that with success comes accountability.

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FTC Federal Trade Commission Privacy Rules 57

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 commission also requested that its jurisdiction be extended to nonprofit entities. Ohlhausen and Terrell McSweeny to the U.S.

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FTC Federal Trade Commission Consumer Protection Privacy 63

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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FTC Federal Trade Commission Privacy Addressing 53

PYMNTS

SEPTEMBER 3, 2019

It’s been in the middle of a privacy dispute that resulted in a 2015 lawsuit filed by users in Illinois. Facebook is accused of breaking the state’s law on biometric activity, called the Biometric Information Privacy Act. Tag Suggestions, a feature that lets people tag friends, has been controversial.

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Federal Trade Commission FTC Privacy Disputes 48

PYMNTS

APRIL 25, 2019

Two consumer websites have settled with the Federal Trade Commission (FTC) over allegations that they did not secure consumers’ data, allowing hackers to breach both sites. As part of the settlement with the FTC, i-Dressup and its owners have agreed to pay $35,000 in civil penalties, and are prohibited from violating COPPA.

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FTC Data Security Consumer Security 53

PYMNTS

AUGUST 16, 2017

This week, the ride-hailing company has made arrangements to settle with the Federal Trade Commission (FTC) over allegations that it did not protect consumer privacy in a 2014 breach. The drama that wages on with Uber may be coming a halt soon — at least on one front anyway.

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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.

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Laws Federal Trade Commission FTC Privacy 47

PYMNTS

OCTOBER 18, 2019

It has objected to the class classification of the case, argued about the definitions of words, and lobbied against the Biometric Information Privacy Act. The last large settlement paid by Facebook was a $5 billion fine to the Federal Trade Commission (FTC) for violating a consent decree.

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Federal Trade Commission FTC Privacy Settlement 43

PYMNTS

SEPTEMBER 3, 2019

It’s been in the middle of a privacy dispute that resulted in a 2015 lawsuit filed by users in Illinois. Facebook is accused of breaking the state’s law on biometric activity, called the Biometric Information Privacy Act. Tag Suggestions, a feature that lets people tag friends, has been controversial.

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Federal Trade Commission FTC Privacy Disputes 40

PYMNTS

JULY 23, 2019

Amid privacy concerns, Senate hearings and Libra drama, it’s time for the company to translate it all into their second-quarter earnings report, which is set to publish on Wednesday (July 24). Facebook reached a settlement with the FTC in July, resulting in a $5 billion fine – far over the $3 billion expected.

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Federal Trade Commission FTC Data Breach Privacy 44

PYMNTS

AUGUST 20, 2019

According to Bloomberg , the Federal Trade Commission has been investigating whether YouTube breached the Children’s Online Privacy Protection Act (COPPA) by using targeted, or “behavioral,” ads on videos that are likely to be watched by children. A spokesperson for YouTube declined to comment, as did the FTC.

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PYMNTS

SEPTEMBER 18, 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 also been under scrutiny via multiple antitrust investigations. lawmakers aren’t the only ones that want to speak with Zuckerberg.

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Regulations Federal Trade Commission FTC Privacy 40

PYMNTS

JULY 17, 2017

Two years after its tumultuous and massive data breach exposing millions of its users’ data to the public, the controversial Ashley Madison site — which sets up married or people in committed relationships with others looking for sexual encounters — has finally reached a settlement. million settlement with the 37 million site users.

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Data Breach Breach Federal Trade Commission Settlement 40

PYMNTS

SEPTEMBER 9, 2019

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. Depending upon what we ultimately find, that may indicate how we further collaborate.”.

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PYMNTS

MARCH 6, 2018

Venmo made news earlier this year when the Federal Trade Commission (FTC) announced it had reached a settlement with PayPal over the handling of privacy disclosures and money withdrawals in its P2P payments app.

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Venmo Federal Trade Commission P2P FTC 40

PYMNTS

MAY 9, 2019

In a New York Times op-ed on Thursday (May 9), Hughes said it is time for the government to hold Facebook CEO Zuckerberg accountable, arguing that an impending $5 billion fine by the Federal Trade Commission (FTC) isn’t enough punishment for the company.

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FTC Federal Trade Commission Privacy Government 43

PYMNTS

JUNE 23, 2016

Federal Trade Commission has announced $950,000 in fines for Singpore-based InMobi. Even more troubling, a large proportion of the apps InMobi is embedded in are designed for young children, which is problematic since the Children’s Online Privacy Protection Act bans such data gathering.

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FTC Federal Trade Commission Privacy Fed 41

Payment Savvy

JUNE 7, 2023

Privacy issues. Although Venmo itself is a reputable company that uses state-of-the-art security technologies, it has faced some privacy issues in the past, which even resulted in a settlement with the Federal Trade Commission. That can limit your leeway, forcing you to use other payment solutions.

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PYMNTS

AUGUST 5, 2019

The Federal Trade Commission (FTC) antitrust investigation leveled at Facebook (which was recently fined $5 billion in the wake of findings it had mishandled users’ data) has trained its sights on the social media giant’s acquisitions – in particular, whether the company bought firms in an effort to stop them from becoming rivals.

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PYMNTS

JULY 12, 2019

The Federal Trade Commission and Facebook have reached a tentative decision to settle ongoing privacy issues with a $5 billion settlement, according to a report by The Wall Street Journal. The settlement will also include new directives on how Facebook can handle the privacy of its users going forward.

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FTC Settlement Federal Trade Commission Privacy 46

PYMNTS

JULY 12, 2019

The Federal Trade Commission and Facebook have reached a tentative decision to settle ongoing privacy issues with a $5 billion settlement, according to a report by The Wall Street Journal. The settlement will also include new directives on how Facebook can handle the privacy of its users going forward.

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FTC Settlement Federal Trade Commission Privacy 43

PYMNTS

APRIL 6, 2018

Federal Trade Commission (FTC) over Facebook ’s use of facial recognition to tag photos. The groups contend the technology violates the privacy of the social media platform’s users, Reuters reported. A coalition of consumer groups are planning to file a complaint with the U.S.

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Federal Trade Commission Consumer FTC Privacy 44