Times have changed since Discover and American Express both helped the U.S. Justice Department prove its case that Visa and MasterCard exerted too much competitive influence in the card market by preventing banks from issuing cards carrying their brand marks. Now Discover has turned against...
According to the U.S. Federal Trade Commission, to purchase an app, one must be able to offer informed consent. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
In the latest of a string of decisions that have gone against the short-term “payday” loan industry, the Community Financial Protection Bureau (CFPB) has fined ACE Cash Express $5 million for predatory loan practices. The settlement also include $5 million that ACE is to payout...
Just two days before it’s planned launch in Brooklyn and Queens, Lyft—the ridesharing app—received word that their service is in violation of local taxi ordinances and as such is illegal and unwelcome in the Big Apple. Get the Full Story Complete the form to unlock...
As the number of people receiving their income tax return by direct deposit has grown, the number of identity thieves with an aspiration to steal those tax returns grown with it. Faced with millions lost to tax return fraud, the Internal Revenue Service has a...
Amazon, it seems, has just said no to the Federal Trade Commission in regards to the federal agency’s request that the eCommerce mega-retailer update some of its policies regarding in-app purchases. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Uber has won a round in its ongoing battle with licensed taxi services around the world. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...
With millions of Americans holding in their hands devices that can track their every move, and record their movements over time, the Federal Trade Commission has come out in support of draft legislation that would require consumers’ consent before companies could use their geolocation data....
For the sixth time, the Federation Trade Commission has charged a company with phantom debt claims in violation of the law. In the latest case, an Atlanta judge recently ordered a company’s owner to stop trying to collect on debts, which the FTC says never...
