The FTC says it has finalized a $7 million settlement with H&R Block. The Federal Trade Commission (FTC) announced the settlement Wednesday (Jan. 8) as part of a larger agreement with the tax preparation company, which has agreed to make a number of changes to its practices before...
The former chief executive of MoviePass’ parent company has admitted to defrauding the company’s investors. Ted Farnsworth, 62, pleaded guilty to one count each of securities fraud and conspiracy to commit securities fraud, the Department of Justice (DOJ) announced Tuesday (Jan. 7). He faces up...
The Federal Trade Commission (FTC) aims to require software provider accessiBe to pay $1 million to settle the agency’s allegations that the company made deceptive claims about its product and failed to disclose its material connections to online reviewers. The agency’s proposed order would also prohibit accessiBe from...
The Federal Trade Commission (FTC) has approved a final order against Sitejabber, the provider of an artificial intelligence (AI)-enabled consumer review platform, prohibiting the company from making or facilitating misrepresentations about ratings and reviews. The FTC charged in a November 2024 complaint that Sitejabber collected consumer ratings and reviews...
For decades, compliance has been viewed as a necessary but costly burden — a box to check to avoid penalties, maintain licenses and keep regulators at bay. But 2024 marked a turning point for compliance in the payments and financial services sectors, in part marked...
Sweeping changes to debit card interchange fees — and the ways debit transactions are facilitated — may come in 2025. As a result, the economics of debit payments may also change, with ripple effects that impact issuing banks, merchants and consumers. The Fed in Focus...
This year was marked by a steady drumbeat of regulations and rules — and requests from regulators for information and comments from financial services players — touching on everything from credit card late fees to data sharing. But 2025 seems more like a wild card....
Four financial authorities in the United Kingdom said they are working to improve their cooperation and will revise their agreement as the government pursues its National Payments Vision. The Bank of England, the Financial Conduct Authority (FCA), the Prudential Regulation Authority (PRA) and the Payment...
Could TikTok have a future in the U.S. under a new administration? President-elect Donald Trump seemed to signal as much in a speech to conservative supporters Sunday (Dec. 22). “I think we’re going to have to start thinking because, you know, we did go on TikTok, and we had...
