The Federal Trade Commission (FTC) has begun sending more than $5 million in refunds to consumers who were harmed by a deceptive credit card debt relief scheme. The funds in this distribution came from ACRO Services, which operated under multiple names and ran the scheme,...
General Motors agreed to a proposed order to resolve Federal Trade Commission allegations that it collected, used and sold data from connected cars without drivers’ knowledge or consent. The information included drivers’ precise geolocation data, which disclosed things like visits to medical facilities, and their...
The Consumer Financial Protection Bureau (CFPB) filed an amicus brief Thursday (Jan. 16), saying it aims to ensure that credit reporting companies are held accountable for “junk data” and don’t secure “loopholes” in the law that prevent that accountability. The regulator filed the amicus brief in a...
The Federal Trade Commission (FTC) said Wednesday (Jan. 15) that a proposed settlement order will require web hosting company GoDaddy to improve its information security program. The regulator alleged in a complaint that GoDaddy failed to implement “reasonable and appropriate” security measures and that it...
December 16, 2024
Today’s interconnected world is, well, increasingly connected. Fundamentally, that means it relies on trust. In the contemporary era dominated by digital payments and financial innovation, advances and threats alike are not isolated but interdependent. The complex reality of digital payments innovation can in some ways amplify the potential for systemic vulnerabilities that can erode that […]
December 11, 2024
Innovation within the financial services and payments space tends to center around two poles: FinTechs, and cryptocurrency. In its newly released 2024 annual report, the U.S. Financial Stability Oversight Council...
December 04, 2024
Middle-market CFOs face rising regulatory uncertainty as smaller firms bear the brunt of increased compliance costs, legal risks, and operational disruptions. To cope, many rely on external partners and new...
October 21, 2024
The suit filed last week seeking to stop a new rule from the Consumer Financial Protection Bureau (CFPB) governing buy now, pay later (BNPL) loans has a number of what,...
January 23, 2025
Apple and Google, the tech giants behind massive mobile ecosystems, are facing dual antitrust probes in the U.K. The investigations, launched by the U.K. Competition and Markets Authority (CMA), aim to determine whether Apple and Google hold “strategic market status” in their respective mobile ecosystems, including operating systems, app stores and smartphone-based browsers. According to […]
January 21, 2025
The Federal Trade Commission (FTC) has begun sending more than $5 million in refunds to consumers who were harmed by a deceptive credit card debt relief scheme. The funds in...
January 17, 2025
General Motors agreed to a proposed order to resolve Federal Trade Commission allegations that it collected, used and sold data from connected cars without drivers’ knowledge or consent. The information...
January 16, 2025
The Consumer Financial Protection Bureau (CFPB) filed an amicus brief Thursday (Jan. 16), saying it aims to ensure that credit reporting companies are held accountable for “junk data” and don’t secure “loopholes”...
