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FTC
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LegalSoFi Settles With FTC Over Claims Of Deceptive Advertising
The Federal Trade Commission (FTC) announced that online student loan refinancer Social Finance (SoFi) has agreed to stop misrepresenting how much money...
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Security & FraudFraudsters Prize Payment Via iTunes, Walmart Gift Cards
A new report from the Federal Trade Commission (FTC) says that fraudsters are increasingly requesting to be paid with gift cards, with...
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CryptocurrencyAnalysis Claims $88.6M Laundered Via Crypto Exchanges
For years, law enforcement has feared that bitcoin could make money laundering easier. And now, in a new analysis of 2,500 suspected crypto...
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Security & FraudFTC, DOJ Refund $1.2M To Consumers Hurt In AMG Payday Lending Scam
The Federal Trade Commission (FTC), working in conjunction with the U.S. Department of Justice, announced on Thursday (Sept. 27) that it is...
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Fraud PreventionFake ID Docs Sold On Websites Targeted By Feds
Discussions about ID theft often involve hackers and cyberattacks gaining access to consumer and payment data. But action from the U.S. Federal...
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Security & FraudPost-Netspend Agreement, FTC Mails Off $10M To Consumers
The Federal Trade Commission (FTC) announced that it is sending out more than 430,000 checks totaling more than $10 million to those...
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RegulationFTC Chairman Eyes Tougher Tech Enforcement
The chairman of the Federal Trade Commission (FTC) said he might consider getting tougher on antitrust enforcement, which would have an impact...
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Security & FraudGoogle Could Be In Hot Water Again Over Location Tracking
Google could be hit with a class-action lawsuit and calls for the Federal Trade Commission (FTC) to investigate its location tracking initiatives. According...
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AmazonAmazon Helping FTC Crack Amazon Seller Scam
Amazon is cooperating with the Federal Trade Commission’s (FTC’s) fraud investigation into Sellers Playbook. The FTC and the State of Minnesota have...
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RegulationUS Tech Companies Working With Regulators To Shape New Privacy Laws
U.S. technology companies, anticipating that they will face increased regulation in how they handle consumers’ data, are working with policymakers to potentially...
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GooglePresident Trump Not Happy With EU Fine On Google
President Donald Trump is coming to the defense of Google after the European Union hit the Internet search giant with a $5...
- Google
FTC To Look Closely At EU’s $5B Google Fine
The Federal Trade Commission Chairman Joseph Simons told lawmakers Wednesday (July 18) that he will look at the European Union’s move to...
- Regulation
FTC: Fair Credit Reporting Act Still Top Priority
The Federal Trade Commission testified on Thursday (July 12) that enforcement of the Fair Credit Reporting Act (FCRA) remains a top priority....
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B2B PaymentsBusiness Scams, Everywhere, Phishing For Funds
Emails still seem to be the way to go when it comes to parting SMBs from their money. The scams have gotten so...
- Security & Fraud
FTC’s Operation Main Street Helps Protect SMBs From Fraud
The Federal Trade Commission (FTC) has announced a new law enforcement initiative targeting operations seeking to defraud small businesses. In partnership with...
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FacebookConsumer Advocacy Groups Want Facebook Broken Up
A group of progressive advocacy groups, including MoveOn and Demand Progress, is calling on the Federal Trade Commission (FTC) to break up Facebook...
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RegulationFTC Appoints New Consumer Protection Chief
The Federal Trade Commission’s new director of consumer protection has represented Facebook, Uber, and Equifax, among other companies, all of which have...
- Regulation
Concerns Raised Over FTC Director Nominee
U.S. consumer watchdogs have expressed concern over the possible appointment of Andrew Smith as the next director of the Federal Trade Commission’s...
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Alternative FinancesWhat To Watch For When LendingClub Releases Earnings
After a strong debut on the public markets at $14 per share in its Initial Public Offering (IPO), LendingClub has taken investors on...
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RegulationFTC Finds New Chairman In Joseph Simons
So now it’s official. In the latest staffing moves at the Federal Trade Commission (FTC), on the heels of a raft of...
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Payments InnovationCan FinTech Walk The FinTalk?
Benjamin Franklin is best remembered as a signer of the Declaration of Independence in 1776 and a prolific inventor who created the...
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LegalLendingClub Gets Sued By The FTC; Stock Hits Record Low
LendingClub, the online lender that was once a favorite of Wall Street investors, saw its stock hit a record low on Wednesday...
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Safety and SecurityFormer FTC Head Predicts $1B Or More Fine For Facebook
Facebook’s latest disclosure that its search tools collect data on most of its 2.2 billion users could open up the social media company...
- Facebook
Consumer Groups Plan Complaint Over Facebook’s Facial Recognition
A coalition of consumer groups are planning to file a complaint with the U.S. Federal Trade Commission (FTC) over Facebook’s use of...
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FacebookFacebook Defends Data Sharing Tool As FTC Compliant
Facebook is defending its data sharing tool, saying it was in compliance with a 2011 privacy agreement with the Federal Trade Commission....
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Alternative FinancesChanging The Direction Of Debt Collection
Debt collectors are historically an unpopular group of people. Even the Bible has shade to throw their way. (Debt collectors, Biblically speaking,...
- Facebook
FTC Investigates Facebook’s Privacy Practices
As news swirls that Cambridge Analytica may have improperly collected user data from Facebook that was reportedly used to help elect U.S. President...
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B2B PaymentsGovernments Get Realistic On Blockchain
The blockchain hype is real — just ask Long Blockchain — but governments are taking a modest, more realistic approach to the...
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FacebookFTC Wades Into Facebook’s Latest Data Scandal
Facebook, the social media giant embroiled in a new consumer data scandal, is being pursued by the Federal Trade Commission (FTC), the...
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BitcoinFTC Cracks Down On Crypto Pyramid Scheme
Those who claim that all cryptocurrencies are a pyramid scheme haven’t seen anything yet. On March 16, 2018, a federal court cracked...
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Security & FraudMillennials Lose More Money To Scams Than Seniors
Millennials are apparently reporting losing money to fraud more often than seniors. But when seniors do become financial victims, they typically take...
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LegalVenmo Settles Privacy Violations
The Federal Trade Commission (FTC) announced that it has reached a settlement with PayPal over the handling of privacy disclosures and money...
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ANTITRUSTTrump’s Nominee For FTC Chief Talks Tough On Antitrust
Joseph Simons, a retired partner at Paul, Weiss, Rifkind, Wharton & Garrison, LLP, is President Donald Trump’s pick to head up the...
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RegulationBill Would Give FTC Authority To Police, Fine Credit Bureaus
Democratic Senators Elizabeth Warren and Mark Warner are introducing new legislation that would allow the U.S. government to levy fines on companies...
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Security & FraudWhat Toymakers Can Learn From VTech Breach And Settlement
It was like stealing data from a baby. In 2015, electronic toy company VTech learned from a journalist that a hacker had...
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Security & FraudFTC Fines Toymaker $650K For Data Breach
In 2015, electronic toy company VTech learned that a hacker had accessed its computer network and the customer information within it, including...
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GoogleGoogle, Unshackled By FTC Agreement, Still Won’t Scrape
Google said in a letter to the Federal Trade Commission (FTC) on Wednesday (Dec. 27) that it will continue to allow websites...
- Consumer Payments
FTC Nets $6.4B In Refunds For Consumers
The Federal Trade Commission (FTC) announced Friday that enforcement actions over the past year have returned $6.4 billion to consumers. In a...
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Security & FraudFTC Files Complaint To Stop Credit Card Interest Scam
The Federal Trade Commission announced Monday (Dec. 4) it filed a complaint in a federal district court in Orlando to stop a...
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GoogleMississippi AG Sides With Yelp On Google Antitrust Complaint
The Mississippi attorney general has urged the U.S. Federal Trade Commission to investigate allegations by Yelp against Google. According to news from...
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Security & FraudThe FTC On Identity Fraud’s Biggest Threat
In one of the more unfortunate examples of practice making perfect, fraudsters are getting better at what they do. According to the latest...
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Security & FraudFTC Gets $4.1M Judgment Against Fake Payday Lender
The Federal Trade Commission (FTC) announced Tuesday (Oct. 17) it had obtained a $4.1 million judgment and a ban on a payday...
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Security & FraudFTC Fines Mobile App Pact For Charging Customers Who Met Exercise Goals
The Federal Trade Commission (FTC) announced Thursday (Sept. 21) it had settled with mobile app company Pact which promised cash incentives to...
- Security & Fraud
FTC Launches Investigation Into Equifax Breach
The Federal Trade Commission has launched an investigation into the data breach at Equifax that impacted 143 million consumers. According to a...
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LegalYelp Says Google Is Still Scraping
Yelp, the online reviews company, is reportedly claiming that Google is going back on a promise made as part of a settlement...
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Security & FraudFTC Warns of Fraudulent Charities In Wake Of Hurricane Harvey
When a disaster strikes, consumers and businesses are typically ready to open their hearts and wallets to offer donations to help the...
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Legal‘Discount Clubs’ Scheme Costs Consumers Over $40 Million
A group of marketers swiped more than $40 million from the bank accounts of customers for “discount club” memberships they never agreed...
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RidesharingUber Settles 2014 Consumer Data Breach Accusations With FTC
Settling any type of lawsuit for big companies often comes with a large amount of press and thus a lot of eyes...
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Security & FraudFTC Charges 12 With Laundering Millions In Credit Card Charges
The Federal Trade Commission (FTC) announced news on Monday (Aug. 7) that it charged twelve people with money laundering millions of dollars...
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GoogleGoogle Hires Former Essential Exec For Home Improvement
As much as Google would like users to believe there’s no device like Home, the smart speaker is not exactly delivering an...
