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Senators push payments fraud task force

Payments Dive

Mike Crapo (R-ID) speaks as Treasury Secretary Scott Bessent appears before a Senate Finance Committee hearing on June 12, 2025 in Washington, DC. million consumers reported fraud incidents last year, roughly the same as in 2023, according to the FTC. Andrew Harnik via Getty Images Dive Brief: Four U.S.

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Big Tech Faces Regulation Reckoning As 2021 Dawns

PYMNTS

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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Bitcoin Daily: FTC Warns Of Email Scams Demanding Bitcoin; Lawmakers Urge Treasury To Use DLT To Track Relief Programs

PYMNTS

Bitcoin blackmail scams are on the rise , according to the Federal Trade Commission (FTC). The FTC’s advice when one receives those messages is blunt: “Stop. The FTC’s advice when one receives those messages is blunt: “Stop. The FTC says the spike in the messages may be because of a recent data breach that exposed many emails.

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Senators Want FTC Probe Into Amazon On Capital One Breach

PYMNTS

Democratic Senators are calling on the Federal Trade Commission (FTC) to conduct an inquiry into Amazon regarding the Capital One breach, The Wall Street Journal reported on Thursday (Oct. They want the FTC to determine if Amazon’s negligence violates federal law as an “unfair business practice.” .

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Bank Regulators Probe Amazon Cloud

PYMNTS

Treasury report last year, the WSJ said. The FTC is leading a Facebook investigation, while the DOJ is taking the lead in an investigation of Alphabet, Google’s parent company. . Bank regulations hadn’t “sufficiently modernized to accommodate cloud and other innovative technologies,” according to a U.S.

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FPC 2024 Fall Member Meeting

Faster Payments Council

This session will be a pioneering and historic panel that promises to demonstrate what the future ecosystem of real time treasury and payment operations will look be from leading FIs, Fintechs, ecosystem orchestrators, and artificial intelligence. 14 seconds.

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France?s Fund Aims To Rescue Tech Startups From Takeovers

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Treasury Department to place a moratorium on mergers and acquisitions (M&As) during the COVID-19 crisis. If approved, the measure would prohibit M&A transactions until the Federal Trade Commission (FTC) determines that small businesses, workers and consumers are no longer under severe financial distress. In April, Sen.