Federal Trade Commission

FTC Bans Rogue Payment Processor In Settlement Over Alleged Scams
FTC Bans Rogue Payment Processor In Settlement Over Alleged Scams
June 09, 2020  |  Security & Fraud

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...

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Lawmakers Ask FTC To Examine Instacart, Delivery Platforms Tipping Protocols
Lawmakers Ask FTC To Examine Instacart, Delivery Platforms Tipping Protocols
May 29, 2020  |  Delivery

After reports that eCommerce delivery platforms are allowing consumers to “tip bait,” four U.S. senators are asking the Federal Trade Commission (FTC) to look at...

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FTC Charges Payday Lender With ‘Deceptively’ Overcharging Clients
FTC Charges Payday Lender With ‘Deceptively’ Overcharging Clients
May 22, 2020  |  Legal

After a payday lender allegedly left consumers to pay more than promised by drawing continued interest-only deductions, the Federal Trade Commission (FTC) has charged a lending...

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Deploying A Multilayered Fraud Prevention System During The COVID-19 Pandemic
Deploying A Multilayered Fraud Prevention System During The COVID-19 Pandemic
May 22, 2020  |  Fraud Prevention

Financial crimes are increasing amid the COVID-19 pandemic, with fraudsters impersonating tax officials to steal personal data. Multi-faceted approaches are necessary, as simply using automated...

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FTC: Active Duty Troops 76 Pct More Likely To Report Identity Theft
FTC: Active Duty Troops 76 Pct More Likely To Report Identity Theft
May 21, 2020  |  Security & Fraud

Active-duty service members are 76 percent more likely to report identity theft than most people, according to data from the Federal Trade Commission (FTC). The...

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How PNC Is Fighting Pandemic-Fueled Financial Crime
How PNC Is Fighting Pandemic-Fueled Financial Crime
May 21, 2020  |  Fraud Prevention

Financial crime is a never-ending concern for banks, credit unions (CUs) and other financial institutions (FIs), with trillions of dollars and untold terabytes of personal...

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FTC Refunds $12M To Consumer Victims Of Bogus Online Trial Memberships
FTC Refunds $12M To Consumer Victims Of Bogus Online Trial Memberships
May 18, 2020  |  Security & Fraud

More than 147,000 consumers who were scammed by I Works are getting full refunds totaling $12 million, the Federal Trade Commission (FTC) announced Monday (May...

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Enlisting AI And Biometrics In The Fight Against Digital Identity Theft
Enlisting AI And Biometrics In The Fight Against Digital Identity Theft
May 18, 2020  |  Authentication

One of the coronavirus pandemic’s less-anticipated consequences in the U.S. has been an escalation in fraud and identity theft. The Federal Trade Commission (FTC) estimates...

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Using AI And Biometrics To Digitize Estate Planning
Using AI And Biometrics To Digitize Estate Planning
May 14, 2020  |  Authentication

The COVID-19 pandemic has triggered an uptick in digital fraud and identity theft, with 18,235 pandemic-related fraud reports received by the Federal Trade Commission (FTC)...

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