FTC

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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FTC Provides Testimony On Anti-Fraud Efforts Amid Pandemic
FTC Provides Testimony On Anti-Fraud Efforts Amid Pandemic
July 21, 2020  |  Security & Fraud

The Federal Trade Commission (FTC) testified before the Senate Commerce Subcommittee on Manufacturing, Trade and Consumer Protection on Tuesday (July 21), detailing its efforts to...

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FTC Presses For Testimony From Facebook’s Zuckerberg, Sandberg
FTC Presses For Testimony From Facebook’s Zuckerberg, Sandberg
July 17, 2020  |  ANTITRUST

Facebook Inc’s top executives could be required to testify before the Federal Trade Commission (FTC) as the regulator investigates whether the California-based social media conglomerate...

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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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Consumers Duped By ‘Risk-Free Trials’ To Get $8.7M In Refunds From FTC
Consumers Duped By ‘Risk-Free Trials’ To Get $8.7M In Refunds From FTC
June 22, 2020  |  Security & Fraud

The Federal Trade Commission (FTC) is sending out over $8.7 million in refunds to 187,425 customers who were reportedly signed up for non-consensual payment plans...

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FTC Releases State Data Of COVID-19 Related Consumer Complaints
FTC Releases State Data Of COVID-19 Related Consumer Complaints
June 12, 2020  |  Security & Fraud

Fraud was the top complaint related to coronavirus logged by the Federal Trade Commission (FTC), according to new reports released on the organization’s website. Get...

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FTC Alleges New York Small-Business Lenders Deceived SMBs And Nonprofits
FTC Alleges New York Small-Business Lenders Deceived SMBs And Nonprofits
June 10, 2020  |  Security & Fraud

The Federal Trade Commission sued two New York small-business lenders Wednesday (June 10) for allegedly using deceptive terms in loans to companies, nonprofits, religious groups...

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