PYMNTS

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). Rountree’s $320,429.82

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PYMNTS

OCTOBER 23, 2020

While the five commissioners of the Federal Trade Commission (FTC) debate if an antitrust lawsuit against Facebook should be pursued, FTC staffers are in favor of moving forward with the case, according to a Wall Street Journal report (WSJ) on Friday (Oct. 23), citing sources familiar with the matter.

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FTC Federal Trade Commission Rules Acquirers 69

Stax

DECEMBER 2, 2024

In 2023, the FTC under Chair Lina Khan drafted a rule that would ban junk fees , but whether the FTC moves forward with this rule after the November 2024 presidential election is in question. He currently advises Stax on state surcharging laws, card brand rules, and product strategy. Supreme Court.

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Junk Fees Credit Cards Push-to-Card Laws 68

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 60

FTC Privacy Consumer Financial Protection Bureau (CFPB) Security 60

PYMNTS

JANUARY 1, 2021

The Federal Trade Commission (FTC) and 46 states launched a separate antitrust lawsuit on Facebook, accusing Facebook of “illegally maintaining its personal social networking monopoly through a years-long course of anticompetitive conduct,” according to the FTC. In the nascent and burgeoning cryptocurrency space, the U.S.

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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. antitrust regulators are investigating Visa and Mastercard about their debit card policies, Bloomberg reported on Thursday (Nov.

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Debit Card FTC Visa Federal Trade Commission 70

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., Chopra spoke at an agency forum in Washington, D.C.,

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FTC Federal Trade Commission Small Business Regulations 60

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.

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FTC Federal Trade Commission Privacy Laws 64

PYMNTS

OCTOBER 23, 2020

In today’s top news, Uber and Lyft must reclassify their drivers as employees, and FTC commissioners are in favor of pursuing an antitrust suit against Facebook. FTC Commissioners Weigh Facebook Antitrust Suit. Plus, PayPal eyes buying a cryptocurrency firm. Uber, Lyft Lose AB5 Appeal In California.

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FTC Federal Trade Commission PayPal Cryptocurrency 69

PYMNTS

FEBRUARY 20, 2020

The Federal Trade Commission (FTC) has sent $34 million to victims of a scheme by Office Depot and a separate software provider that encouraged them to buy unnecessary computer repair products, according to a report. The FTC is distributing 541,247 checks at $63.35

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FTC Federal Trade Commission Scams Consumer 56

PYMNTS

DECEMBER 13, 2016

California Naturel falsely advertised that its sunscreen as “all natural,” the FTC said Monday. In a release, the FTC noted that the firm had stated via its website that its sunscreen contained “only the purest, most luxurious and effective ingredients found in nature.”

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FTC Consumer Product Rules 57

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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FTC Federal Trade Commission Small Business Law Enforcement 56

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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FTC Federal Trade Commission Interoperability Encryption 52

Payments Dive

OCTOBER 28, 2024

The companies call the new regulation arbitrary and capricious, carrying a presumption that subscription services are deceptive.

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Blocks FTC Rules Regulations 78

PYMNTS

JUNE 10, 2020

senators urged the Federal Trade Commission (FTC) to investigate allegations that TikTok violated a consent decree protecting children’s privacy, Dig.Watch reported. privacy rules, the FTC should move swiftly to launch an investigation and forcefully hold violators accountable,” stated the letter, which was signed by Sens.

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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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FTC Federal Trade Commission Laws Privacy 56

Payments Source

NOVEMBER 22, 2016

has clarified its position on EMV debit card routing to address growing concern among merchants that the card brand's rules were forcing those transactions onto the Visa network rather than allowing merchants to choose among less expensive options.

Debit Card 84

Debit Card FTC EMV Rules 84

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

AUGUST 8, 2017

The Federal Trade Commission (FTC) announced news on Monday (Aug. According a FTC press release, the defendants set up an operation known as Money Now Funding (MNF) to get and maintain merchant accounts that let it process credit card charges close to $6 million. The court in that case ruled the promises made by the company were false.

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FTC Credit Cards Federal Trade Commission Money Laundering 45

PYMNTS

DECEMBER 1, 2019

Judge Lucy Koh ruled in May that Qualcomm, the world’s largest supplier of mobile phone chips, is a monopoly and has to change the way it does business. The legal saga started in 2017 when the FTC accused Qualcomm of operating a monopoly and charging exorbitant licensing fees. 29), Reuters reported. Trade groups representing the U.S.

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CHIPS FTC Legal NOV 97

Payments Source

JUNE 2, 2016

The National Retail Federation wants the Federal Trade Commission to do more than merely check up on the companies that routinely assess merchants for compliance with the Payment Card Industry Data Security Standards (PCI DSS).

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PCI DSS Federal Trade Commission Legal FTC 62

PYMNTS

JANUARY 19, 2017

According to a release by the FTC , the government agency is asking a federal court to temporarily stop the business from operating and is aiming to permanently stop the illegal practices and return money to scammed consumers. The FTC contends the company earned millions of dollars defrauding consumers.

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FTC Federal Trade Commission Enrollments Scams 43

PYMNTS

FEBRUARY 26, 2019

Federal Trade Commission (FTC). The new entity, called the Technology Task Force, according to the FTC, will “draw upon existing staff and expertise,” and have “approximately” 17 staff attorneys working for it. The Technology Task Force will be “modeled on the FTC’s successful Merger Litigation Task Force , launched in 2002.”

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FTC Federal Trade Commission Regulations Technology 46

PYMNTS

MAY 11, 2016

district judge ruled against Staples’ proposed acquisition of Office Depot, reports Bloomberg , effectively putting to an end the two office supply chains’ long-gestating efforts to merge into one. Late in the day yesterday (May 10), a U.S.

Rules 40

Rules Federal Trade Commission FTC Laws 40

PYMNTS

OCTOBER 29, 2020

The European Union’s (EU) second-highest court ruled that Facebook can’t be forced to turn over sensitive information without a review. The ruling follows Facebook’s complaint in July that EU regulators were making excessive demands for sensitive data, beyond what was necessary. A decision should be announced in several weeks. .

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Rules Federal Trade Commission FTC Legal 56

Fintech Finance

OCTOBER 23, 2024

Federal Trade Commission’s (FTC) ‘click-to-cancel’ rule , which will require businesses offering subscription services or memberships to make it much easier for customers to cancel. The proposed ‘click-to-cancel’ rule will force companies to make subscription sign-ups and cancellations equally straightforward.

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Payments Source

JANUARY 14, 2020

The specific impetus for the Federal Trade Commission's inquiry into Visa and Mastercard's debit transaction routing processes is not entirely clear, but it likely stems from the effect that advanced payments technology has had on Durbin amendment compliance.

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Federal Trade Commission FTC Debit Transaction Compliance 83

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. Facebook isn’t afraid of a few more rules.

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FTC Federal Trade Commission Privacy Government 43

PYMNTS

FEBRUARY 27, 2019

Federal Trade Commission (FTC), which was pretty busy this week on issues related to digital commerce and payments. The FTC said it brought forward “its first case challenging a marketer’s use of fake paid reviews on an independent retail website.”. FTC Penalty. The case involves “Cure Encapsulations, Inc.

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FTC Federal Trade Commission Product Blocks 43

PYMNTS

DECEMBER 5, 2017

In a press release , the FTC alleges that the scam deceived a number of consumers who were already struggling with credit card debt. Norris, who had worked for others who were charged in separate FTC cases for similar practices. The Federal Trade Commission announced Monday (Dec.

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FTC Credit Cards Scams Federal Trade Commission 40

PYMNTS

MAY 3, 2016

It appears that Amazon has gotten to make a return of its own — in the form of an initial penalty recommended by the FTC. ” Also among the redactions, The Hill shares, was the FTC’s estimate that in-app purchases that did not require a confirmation password had, up until 2014, brought Amazon about $86.5 That number — 42.03

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Rules Federal Trade Commission FTC Adjustments 40

PYMNTS

APRIL 6, 2018

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. Investigators will also look into whether Facebook misled users or violated rules governing data shipments between Europe and the U.S. “I

FTC 40

FTC Federal Trade Commission Privacy Compliance 40

The Paypers

OCTOBER 24, 2024

The Federal Trade Commission (FTC) has announced a final click-to-cancel rule that is set to require sellers to simplify how consumers cancel their recurring subscriptions and memberships.

Federal Trade Commission 36

Federal Trade Commission Rules FTC Consumer 36

PYMNTS

FEBRUARY 10, 2020

There were also complaints about unfair company fines for minor rule infractions. The group also requested that JFTC look into allegations that some sellers have to use Rakuten’s mobile payment system and must cover the eCommerce giant’s commissions. Rakuten was founded as MDM, Inc.

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FTC Breach Laws Rules 56

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 It’s common for states to work with federal agencies including the FTC and Justice Department when looking into potential misdeeds.

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

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FTC Federal Trade Commission Privacy Rules 57

PYMNTS

JUNE 12, 2019

The FTC gets more jurisdiction over Facebook while The Department of Justice gets increased scrutiny of Google. The European Union has already fined Google billions of dollars and called for reforms of how it does business.

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Federal Trade Commission Rules FTC Blocks 55