PYMNTS

MARCH 6, 2019

The Federal Trade Commission (FTC) has requested comment on the proposed amendments of two rules that protect the privacy and security of customer data held by financial institutions (FIs). The proposed changes are related to the Safeguards Rule and the Privacy Rule under the Gramm-Leach-Bliley Act.

FTC

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. The House panel has pressed for tougher antitrust rules and enforcement. An FTC spokeswoman declined to comment.

FTC

PYMNTS

NOVEMBER 26, 2019

26) unveiled a far-reaching online privacy bill that levies tough new punishments for tech giants that mishandle users’ personal data. The Consumer Online Privacy Rights Act (COPRA) would protect online users’ right to privacy and prohibit companies from concealing what is done with users’ personal information.

Privacy

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.

FTC

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

FTC

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. We are committed to protecting consumer privacy and want consumers to have confidence that companies treat their personal information responsibly. Thursday (Sept.

Privacy

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. Nor is the idea of appointing a privacy executive to oversee how it handles data.

FTC

PYMNTS

APRIL 6, 2018

Facebook is defending its data sharing tool, saying it was in compliance with a 2011 privacy agreement with the Federal Trade Commission. According to Bloomberg , the FTC is investigating whether Facebook violated the 2011 law that requires the company to get consent from users before sharing information. Greg Walden (R-OR) and Rep.

FTC

PYMNTS

MAY 24, 2019

With a reported split between the Democrats and Republicans on the Federal Trade Commission (FTC), an anticipated settlement between Facebook and federal regulators related to privacy issues has been delayed. They added that Mark Zuckerberg should be held personally responsible for the lack of data privacy for the site’s users.

Settlement

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. Accountability of tech companies can only be achieved through the painstaking introduction of new rules for the internet.

FTC

PYMNTS

DECEMBER 21, 2020

The European Union ’s governing European Commission published drafts of new rules for digital services that would cover social media, digital marketplaces and other platforms. Facebook to Migrate UK Users to California Privacy Agreement Due to Brexit. Facebook Ad Criticizes Apple Over Privacy Changes. and Europe. Facebook’s U.K.

Privacy

PYMNTS

MARCH 31, 2019

Facebook CEO Mark Zuckerberg wrote an opinion piece in The Washington Post calling on regulators to take a “more active role” in making rules for how to police the internet, according to reports. “By Facebook has been in the spotlight for its own problems with policing content and privacy for its users. Landry said.

Regulations

PYMNTS

OCTOBER 22, 2018

Fraudsters have found a new favored method for the holidays, the Sears’ bankruptcy filing finally came in and the major card networks found themselves on the wrong side of India’s emerging data privacy efforts. Problems With India’s Privacy Law. Gift Cards’ New Unfavorable Fans. locations at its peak. Some major U.S.

Laws

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.

Federal Trade Commission

PYMNTS

JUNE 12, 2019

Delrahim said the antitrust division of the Justice Department looks for rising prices, lower quality, loss of privacy and collusion when looking to see if a company violated antitrust laws. The FTC gets more jurisdiction over Facebook while The Department of Justice gets increased scrutiny of Google.

Federal Trade Commission

PYMNTS

DECEMBER 19, 2018

Over the course of years, Facebook reportedly enabled some of the world’s biggest tech companies to access the personal data of users — which amounted to the social media giant exempting some businesses from the privacy rules its customers thought they were protected under.

FTC

PYMNTS

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. legislation is expected to be less stringent than in California, as well as the new rules in the European Union. The new U.S.

Privacy

PYMNTS

AUGUST 2, 2019

The FTC is leading a Facebook investigation, while the DOJ is taking the lead in an investigation of Alphabet, Google’s parent company. . to come up with a national privacy law have hit a wall, with Senators unable to agree on how strict the rule should be. Efforts from lawmakers in the U.S.

Regulations

PYMNTS

JANUARY 2, 2020

Banks and regulators outside of the EU are also growing more interested in the changes wrought by PSD2, in some cases crafting rules of their own that will impact their own banking ecosystems. The rule proposes granting more data and consumer security responsibilities to the U.S. Federal Trade Commission (FTC), among other changes.

Privacy

PYMNTS

NOVEMBER 27, 2018

Securities and Exchange Commission (SEC), Federal Bureau of Investigation (FBI), Department of Justice (DOJ) and Federal Trade Commission (FTC). after the Information Commissioner’s Office (ICO) ruled that the social media network operator was engaged in “serious breaches of data protection.”.

Federal Trade Commission

PYMNTS

MAY 21, 2018

A group of progressive advocacy groups, including MoveOn and Demand Progress, is calling on the Federal Trade Commission (FTC) to break up Facebook in the wake of the Cambridge Analytica data scandal. The groups have called on the five members of the FTC to break up Facebook in order to make it safe for democracy.

FTC

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.

FTC

PYMNTS

APRIL 30, 2018

Four years later, the Commission has reached an agreement on which rules to include in reforms and also how they will be enforced. Among the most significant reforms was the General Data Protection Regulation (GDPR), an EU-wide mandate to strengthen the protection measures impacting EU citizens’ personal data and privacy.

Rules

PYMNTS

JULY 12, 2019

New rules concerning Chinese apps started being drafted in February 2019 by the Indian Ministry of Electronics and IT, according to reports. An economic lobbying group in India allied with India’s ruling BJP is also calling for a ban and is expected to send a letter to India’s Prime Minister Narendra Modi. having been fined $5.7

Federal Trade Commission

PYMNTS

JULY 24, 2019

The Retail Industry Leaders Association (RILA) on July 2 voiced the desire to speak with the Justice Department and the Federal Trade Commission (FTC) regarding their concerns about Google and Amazon’s anti-competitive practices. s proposed “duty of care” rules too broad, ineffective in protecting privacy and a threat to freedom of speech.

Federal Trade Commission

PYMNTS

JUNE 2, 2016

Google is a full half of the market, and given the new slew of ISP rules coming care of the FCC, it will be hard for any new entrant to wrest that away. The big bummer in the story this year was privacy, as users are very conflicted about exchanging access to their information for access to free or subsidized content.

Privacy

Segpay

OCTOBER 4, 2023

Compliance with Consumer Protection Laws: Affiliate marketers must adhere to various consumer protection laws and regulations, such as the Federal Trade Commission (FTC) guidelines in the United States. Adherence to Privacy Regulations: Affiliates often collect and handle customer data, which can raise privacy concerns.

Security

PYMNTS

APRIL 11, 2016

The agency itself is flexible in that it allows for the enforcement of ideas rather than just mandating adherence to a set of rules – and the regulator has been working with a few hundred companies over the past two years. The focus here is decidedly consumer centric, with emphasis on privacy, smart homes and the Internet of Things.

Regulations

Seon

JUNE 1, 2023

According to the FTC via Statista, 2022 saw the loss of $178 million due to check fraud – ranking it even higher than payment app and payment service-based fraud at $163m. This uses rules-based checks to help you determine what kind of transactions – if any – the person has made with you before.

Checks

PYMNTS

DECEMBER 11, 2017

The new legislation would direct the FTC to establish security protocols for businesses to follow as part of an effort to better protect customer data. That bill would require data brokers to create privacy and security measures for notifying the public after a breach. As for whether the bill will pass, its future is uncertain at best.

Bitcoin

PYMNTS

JULY 15, 2019

All of those things might help to explain why, despite The Wall Street Journal ’s reporting on Friday (July 12) that the FTC had reached an agreement to fine Facebook $5 billion, the company’s stock closed at $204.87, up $3.84 (1.81 This news comes from “persons familiar with the matter,” and neither the FTC nor Facebook have commented.

FTC

Clearly Payments

FEBRUARY 8, 2024

Moreover, by establishing rules for payment networks and financial institutions, regulation mitigates systemic risks and fosters fair competition, thereby enhancing market efficiency. They establish rules, standards, and fees for participating financial institutions and merchants.

Regulations

PYMNTS

JANUARY 6, 2020

The data scandal has, so far, cost Facebook $5 billion in a Federal Trade Commission (FTC) fine. However, there was not an official investigation, nor were specific privacy rules handed down to the social media giant. Since the Cambridge Analytica scandal, Facebook has been hit with several other privacy scandals.

Federal Trade Commission

PYMNTS

NOVEMBER 6, 2017

The numbers are sobering, as always: The Federal Trade Commission (FTC) has found that account takeover fraud is on the rise. Webster asked about customer data privacy as it stands in Europe, and how regulations like General Data Protection Regulation might impact the United States.

Security

PYMNTS

JUNE 26, 2019

The hearing came in the wake of, and continuance of, debate on privacy concerns for online users, as Reuters noted. Federal Trade Commission (FTC). The rules, as noted in this space back in April, would also apply to data brokers and businesses with over a million consumers’ data.

Technology

PYMNTS

SEPTEMBER 5, 2018

The move comes amid increasing global focus on matters related to online privacy and data security — and as the idea of regulating social media is gaining currency. Though the focus Wednesday was on Congress, other sectors of federal government are getting more involved in digital privacy issues. Mark Warner, Democrat from Virginia.

Privacy

PYMNTS

APRIL 2, 2019

Elsewhere, Zuckerberg said a benefit of updating rules would be the protection of elections , where new rules for online political ads would “reflect the reality of the threats” with which social media companies grapple. Federal Trade Commission (FTC) is readying talks with state attorneys general about Facebook and Google.

Regulations