Federal Trade Commission

Today In Payments: Police Allege Money Launderers Using Chinese eCommerce; Square Launches On-Demand Payroll
Today In Payments: Police Allege Money Launderers Using Chinese eCommerce; Square Launches On-Demand Payroll
September 16, 2020  |  News

In today’s top news, Chinese authorities have made several arrests alleging cybercriminals laundered $2 billion through faux eCommerce purchases, and Square announced the launch of...

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Facebook Could Face FTC Antitrust Suit By Year’s End
Facebook Could Face FTC Antitrust Suit By Year’s End
September 15, 2020  |  ANTITRUST

The Federal Trade Commission (FTC) is looking into potentially launching an antitrust lawsuit against Facebook over allegations that the social media giant has stifled competition,...

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FTC Probes Intuit Over Alleged Deceptive TurboTax Marketing
FTC Probes Intuit Over Alleged Deceptive TurboTax Marketing
September 08, 2020  |  Taxes

The Federal Trade Commission (FTC) is looking into Intuit over its TurboTax product, as the company allegedly was tricking customers into paying for what they...

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Zuckerberg ‘Cooperating’ With FTC In Facebook Antitrust Hearing
Zuckerberg ‘Cooperating’ With FTC In Facebook Antitrust Hearing
August 20, 2020  |  ANTITRUST

Facebook CEO Mark Zuckerberg testified before the Federal Trade Commission (FTC) as part of the agency’s antitrust investigation into the popular social media giant, CNBC...

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FTC Warns Taxpayers About Stimulus Fraud
FTC Warns Taxpayers About Stimulus Fraud
August 11, 2020  |  Security & Fraud

Congress has yet to agree on the next round of stimulus funding, but the Federal Trade Commission (FTC) is already warning the public to beware....

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Feds Eye Payments Processors, Phony Websites Over Fraud
Feds Eye Payments Processors, Phony Websites Over Fraud
July 22, 2020  |  Security & Fraud

The U.S. Department of Justice (DOJ) and the Federal Trade Commission (FTC) are cracking down on scams known as credit card laundering or transaction laundering,...

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Pandemic Scammers Robbed US Consumers Of More Than $77M
Pandemic Scammers Robbed US Consumers Of More Than $77M
July 07, 2020  |  Security & Fraud

Americans have lost more than $77 million in COVID-19 fraud since the start of the year, according to the Federal Trade Commission (FTC). Get the Full...

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FTC Reports Record Surge In eCommerce Complaints Amid Pandemic
FTC Reports Record Surge In eCommerce Complaints Amid Pandemic
July 01, 2020  |  Retail

While online purchasing has skyrocketed since March as the country shut down as a defense against COVID-19, so have complaints to the federal watchdog agency...

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Investec: What FIs Must Know About Open Banking And Gaining Consumer Trust
Investec: What FIs Must Know About Open Banking And Gaining Consumer Trust
June 25, 2020  |  Fraud Prevention

Digital fraud and cybercrime are constant worries for financial institutions (FIs) of all sizes, with these businesses seeing an average of 30 cyberattacks per hour...

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