Federal Trade Commission

Today in Data: AI, Metaverse in Play as Tech Packs a Punch in Payments
Today in Data: AI, Metaverse in Play as Tech Packs a Punch in Payments
June 23, 2022  |  Today In Data

Today in data, Microsoft is limiting its use of facial-recognition software. Also, the Federal Trade Commission tells Congress that artificial intelligence shouldn’t be relied on...

READ MORE >
FTC Warns Congress About Using AI to Combat Harmful Speech
FTC Warns Congress About Using AI to Combat Harmful Speech
June 22, 2022  |  artificial intelligence

The U.S. Federal Trade Commission (FTC) issued a report to Congress last week, on June 16, warning about using artificial intelligence (AI) to combat online...

READ MORE >
CFPB Could Help FTC Get Back Consumer Enforcement Tool
CFPB Could Help FTC Get Back Consumer Enforcement Tool
June 06, 2022  |  CFPB

The Federal Trade Commission (FTC) on Friday (June 3) released on its annual report to the Consumer Financial Protection Bureau (CFPB) on its enforcement and...

READ MORE >
FTC: Consumers Lost Over $1B to Crypto Scams in ’21, Q1 ’22
FTC: Consumers Lost Over $1B to Crypto Scams in ’21, Q1 ’22
June 05, 2022  |  Security & Fraud

Crypto fraud claimed more than $1 billion in losses from consumers between January 2021 and March 2022, according to a Friday (June 3) press release...

READ MORE >
FTC: Financial Education Services Ran $213M Pyramid Scheme
FTC: Financial Education Services Ran $213M Pyramid Scheme
June 01, 2022  |  Security & Fraud

The Federal Trade Commission (FTC) has acted against credit repair company Financial Education Services, accusing it of running a $213 million pyramid scheme, according to...

READ MORE >
Today in TechREG: CFPB Takes Steps to Implement Open Banking Principles; US Banking Regulator Says Crypto Dependent on ‘Hype’
Today in TechREG: CFPB Takes Steps to Implement Open Banking Principles; US Banking Regulator Says...
May 25, 2022  |  Regulation

Today in TechREG, the Consumer Financial Protection Bureau (CFPB) announced the creation of a new office in the agency to promote competition and innovation. When...

READ MORE >
Big Tech, Democrats and Republicans Seek Federal Privacy Law Deal
Big Tech, Democrats and Republicans Seek Federal Privacy Law Deal
April 29, 2022  |  Big Tech

In October 2021, Facebook’s whistleblower Frances Haugen testified to the U.S. Congress about internal documents showing harms from the company’s products, adding fuel to efforts...

READ MORE >
PYMNTS AM Radar: Digital Dining Habits; Crypto Bank Flagged; Racing for Payments; M&A Enforcement
PYMNTS AM Radar: Digital Dining Habits; Crypto Bank Flagged; Racing for Payments; M&A Enforcement
April 22, 2022  |  Regulation

Today is Friday (April 22), and a crypto bank that was granted a conditional license last year is now being called to the carpet by...

READ MORE >
Today in FinTech: Boston Red Sox Drop Cash; JPMorgan Signals Pain Ahead
Today in FinTech: Boston Red Sox Drop Cash; JPMorgan Signals Pain Ahead
April 15, 2022  |  Technology

In today’s FinTech news, for the first time ever, the Boston Red Sox are not taking cash for hot dogs, beer, shirts and other concession...

READ MORE >