FTC

FTC Says Proposed Consent Decree Prohibits Nexway From Helping Scammers
FTC Says Proposed Consent Decree Prohibits Nexway From Helping Scammers
April 17, 2023  |  Security & Fraud

A proposed consent decree will prohibit Nexway from providing credit card laundering for tech support scammers. The Federal Trade Commission (FTC) has filed proposed consent...

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Battle Over Junk and Late Fees Could Hit Bank Profits and Consumer Services
Battle Over Junk and Late Fees Could Hit Bank Profits and Consumer Services
April 17, 2023  |  Regulation

Where regulation goes — sometimes, at least — unintended consequences might follow. The regulatory and legislative scrutiny of, and battle over, what are being commonly...

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FTC to Advertisers: Back Up Your Claims or Pay Up
FTC to Advertisers: Back Up Your Claims or Pay Up
April 16, 2023  |  Regulation

The Federal Trade Commission is warning advertisers to back up claims about their products. The FTC last week issued notices to 670 companies warning that...

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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

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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Chamber Says Businesses Increasingly Feel Threatened by Regulations
Chamber Says Businesses Increasingly Feel Threatened by Regulations
April 11, 2023  |  Regulation

U.S. companies are more worried about the government impacting profits than a decade ago. A new study by the U.S. Chamber of Commerce — the...

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FlexPay CEO: Proposed ‘Click to Cancel’ Subscription Rule Could Harm Good Actors
FlexPay CEO: Proposed ‘Click to Cancel’ Subscription Rule Could Harm Good Actors
April 07, 2023  |  Subscriptions

Almost no one doubts that some subscription companies make it difficult for their customers to cancel. The Federal Trade Commission (FTC) is recommending a streamlined...

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Generative AI Tools Center of New Regulation-Innovation Tug of War
Generative AI Tools Center of New Regulation-Innovation Tug of War
April 04, 2023  |  artificial intelligence

Generative artificial intelligence (AI) tools like ChatGPT could be too good to be true — literally. A recent consumer alert from the Federal Trade Commission...

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ChatGPT Threatens ‘Privacy and Public Safety,’ Nonprofit Says
ChatGPT Threatens ‘Privacy and Public Safety,’ Nonprofit Says
March 30, 2023  |  artificial intelligence

A nonprofit group wants federal regulators to suspend development of OpenAI’s ChatGPT tool. The Center for AI and Digital Policy (CAIDP) filed a complaint with...

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FTC Monitoring Competition and Claims in the AI Field
FTC Monitoring Competition and Claims in the AI Field
March 27, 2023  |  artificial intelligence

The Federal Trade Commission (FTC) is keeping an eye on the artificial intelligence (AI) industry. The regulator aims to ensure the field isn’t dominated by...

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