consumer protection

European Commission Delays Decision on Amazon’s Acquisition of iRobot
European Commission Delays Decision on Amazon’s Acquisition of iRobot
September 11, 2023  |  Partnerships

European Union (EU) antitrust regulators have reportedly put a temporary halt to their investigation into Amazon‘s $1.7 billion acquisition of robot vacuum cleaner maker iRobot. The European Commission (EC), responsible...

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Federal Reserve Sets Guidelines for Banks’ Use of Stablecoins
Federal Reserve Sets Guidelines for Banks’ Use of Stablecoins
August 28, 2023  |  Legal & Regulation

A new Federal Reserve supervisory letter on the process for state member banks using dollar tokens, such as stablecoins, to facilitate payments has drawn the...

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Rise of AI-Powered Deepfake Imposter Scams Threatens Individuals and Banks
Rise of AI-Powered Deepfake Imposter Scams Threatens Individuals and Banks
August 22, 2023  |  Cybersecurity

Deepfake technology, powered by artificial intelligence (AI), is reportedly becoming a favored tool for criminals engaged in imposter scams, posing a significant threat to individuals...

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CFPB Could Use Credit Reporting Act Against Data Brokers
CFPB Could Use Credit Reporting Act Against Data Brokers
August 16, 2023  |  Legal & Regulation

America’s consumer watchdog wants to crack down on “data brokers” who collect and sell people’s personal information. Speaking at a White House roundtable Tuesday (Aug....

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PayPal to Pause UK Cryptocurrency Sales to Meet Regulatory Changes
PayPal to Pause UK Cryptocurrency Sales to Meet Regulatory Changes
August 16, 2023  |  Cryptocurrency

PayPal will reportedly place a temporary halt on cryptocurrency sales for its U.K. customers starting from October. This decision comes as the company aims to...

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FCA Proposes Consumer Duty on Social Media Financial Product Ads
FCA Proposes Consumer Duty on Social Media Financial Product Ads
July 17, 2023  |  Legal & Regulation

The U.K.’s financial watchdog wants to crack down on illicit marketing of financial products on social media. That crackdown, the Financial Conduct Authority (FCA) announced...

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Senators Demand Answers From Venmo and Cash App on Fraud
Senators Demand Answers From Venmo and Cash App on Fraud
June 16, 2023  |  Cybersecurity

A quartet of Senate Democrats want Venmo and Cash App to offer better fraud protection. The four senators — Sherrod Brown of Ohio, Elizabeth Warren...

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UK Cuts Tech Firms Slack on Online Content Fraud
UK Cuts Tech Firms Slack on Online Content Fraud
May 01, 2023  |  Cybersecurity

The U.K.’s new anti-fraud strategy reportedly places less burden on tech companies. As the Financial Times reported Monday (May 1), the British government is set to unveil...

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FTC Sues Chargebacks911 and Alleges Use of Unfair Techniques
FTC Sues Chargebacks911 and Alleges Use of Unfair Techniques
April 12, 2023  |  Legal & Regulation

Chargeback mitigation company Chargebacks911 has been sued by the Federal Trade Commission (FTC) and Florida. The lawsuit alleges that the company used unfair techniques on behalf of its clients...

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