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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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. Facebook has consistently pushed back against allegations that it has acted in ways that violate antitrust laws.

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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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PYMNTS

OCTOBER 4, 2020

A 14-page report Facebook lawyers prepared in advance of a potential antitrust lawsuit from the government found such action would hurt users, be contrary to established law and cost billions of dollars, WSJ reported after seeing the document. The FTC didn’t immediately respond to a WSJ request for comment.

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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 that Ko operated First Pay Solutions LLC, an independent sales organization (ISO) affiliated with First Data, from 2012 to 2014.

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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

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

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. billion global users.

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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 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

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

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. The PPP program is part of the $2.3

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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

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 new board committee will be added to the existing team.

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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

AUGUST 4, 2019

As a result, the FTC is reportedly now investigating the deal, and has been interviewing resellers affected by it. One seller, a Minnesota man named John Bumstead, told The Verge that he was contacted by a group of FTC officials. Bumstead was interviewed by FTC lawyers and an economist about the impact of the deal on his business.

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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

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. The FTC and Ohio officials filed their complaint against the trio in U.S.

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PYMNTS

FEBRUARY 10, 2017

The FTC is aiming to gauge how much consumers understand about buying and financing a car. “The The FTC received 17 comments in response to that notice that were addressed in the FRN. The FTC said the report looked specifically at Big Data at the end of its lifecycle and how it was used and analyzed once it was collected.

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PYMNTS

APRIL 15, 2019

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. The Federal Trade Commission announced on Monday (April 15) a $3.85 Under terms of the settlement, Avant cannot engage in any similar conduct, and must pay $3.85

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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

JULY 22, 2019

The FTC voted 3-2 in favor of a settlement with Facebook, and a Republican majority supported it, while the Democratic commissioners objected to it. In 2011, Facebook and the FTC reached a consent decree in regards to protecting user privacy. Some say the fact that the FTC is settling means Facebook is getting off easy.

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PYMNTS

JUNE 2, 2019

It comes as the FTC and the Department of Justice quietly split up the oversight of competition for the country’s big tech companies. The paper noted it’s not clear what the FTC has planned in the case of Amazon and what the Department of Justice will do with Google. The Department of Justice and the FTC both declined to comment. “If

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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. Amazon is also in the FTC’s crosshairs.

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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

JANUARY 16, 2017

The FTC is cracking down on robocall telemarketing businesses, announcing last week it cracked down on two such companies that have been making robocalls to consumers that have been on the National Do Not Call Registry since 2012 or even earlier. According to a press release by the FTC late last week, lots of the defendants in FTC v.

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PYMNTS

FEBRUARY 25, 2019

According to an FTC press release , the government agency has approved a final consent order with SoFi that resolves it of allegations that it misrepresented how much student loan borrowers saved by refinancing with the online lender or how much they could save working with the company.

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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. Postal Inspection Service, two U.S.

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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. Would the FTC allow Chase or Goldman-Sachs to own the Nasdaq?” By teaming up, states can share the resources and information. Landry said. The answer to that would be absolutely not.”.

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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. Who you report the breach to can depend on the type of company and the scale of the impact.

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PYMNTS

JANUARY 9, 2018

subsidiary agreed to settle charges filed by the FTC after the incident. VTech will pay $650,000 as part of the settlement, according to an FTC press release. The FTC said that VTech had violated the Children’s Online Privacy Protection Act (COPPA) – a U.S. Ohlhausen said in a statement.

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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

SEPTEMBER 16, 2019

A recent letter sent by the Federal Trade Commission (FTC) shows there is bad blood between the U.S. The FTC and the U.S. Department of Justice — as well as a number of state attorneys general — have been investigating tech giants, such as Alphabet’s Google and Facebook , for possible violation of antitrust laws.

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PYMNTS

JULY 13, 2018

She noted that FTC has brought more than 30 actions to enforce the FCRA against consumer reporting agencies, users of consumer reports, and furnishers of information to consumer reporting agencies.

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PYMNTS

MARCH 2, 2016

The FTC said Tuesday (March 1) that the data tied to debt collection remains skewed a bit amid the fact that complaints were boosted by a “surge” of contributions from a data service focused on collecting complaints via mobile app (and, by extension, calls that come in through mobile devices).

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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. financial system.”.

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