FTC

FTC Takes Walmart to Court Over Money Transfer Fraud Allegations

FTC Takes Walmart to Court Over Money Transfer Fraud Allegations
FTC Takes Walmart to Court Over Money Transfer Fraud Allegations
June 28, 2022  |  Legal

The Federal Trade Commission has sued Walmart alleging that its money transfer services were corrupted by fraudsters — which reportedly resulted in customers being “fleeced...

READ MORE >
Lawmakers Ask FTC to Probe Apple, Google Data Tracking
Lawmakers Ask FTC to Probe Apple, Google Data Tracking
June 24, 2022  |  Big Data

A group of Democratic lawmakers wants the Federal Trade Commission to investigate Apple and Google, saying the two tech giants secretly allow the collection and...

READ MORE >
TechReg Weekly US: CFPB Eyes Credit Card Late Fee Rules; Data Privacy Bills Advance in Congress 
TechReg Weekly US: CFPB Eyes Credit Card Late Fee Rules; Data Privacy Bills Advance in...
June 24, 2022  |  Technology

This week, U.S. lawmakers have proposed new legislation seeking to increase customers’ control over their financial data. A new data privacy bill has also overcome...

READ MORE >
Today in Data: AI, Metaverse in Play as Tech Packs a Punch in Payments
Today in Data: AI, Metaverse in Play as Tech Packs a Punch in Payments
June 23, 2022  |  Today In Data

Today in data, Microsoft is limiting its use of facial-recognition software. Also, the Federal Trade Commission tells Congress that artificial intelligence shouldn’t be relied on...

READ MORE >
FTC Sending $9.7M to Yellowstone Capital Victims
FTC Sending $9.7M to Yellowstone Capital Victims
June 21, 2022  |  Security & Fraud

The U.S. Federal Trade Commission announced Tuesday (June 21) that it is sending 7,731 checks totaling more than $9.7 million to small businesses hurt by...

READ MORE >
CFPB Could Help FTC Get Back Consumer Enforcement Tool
CFPB Could Help FTC Get Back Consumer Enforcement Tool
June 06, 2022  |  CFPB

The Federal Trade Commission (FTC) on Friday (June 3) released on its annual report to the Consumer Financial Protection Bureau (CFPB) on its enforcement and...

READ MORE >
FTC Refunds $542K to Consumers Scammed by Digital Income System
FTC Refunds $542K to Consumers Scammed by Digital Income System
June 01, 2022  |  Security & Fraud

The Federal Trade Commission will send 1,064 checks totaling over $542,000 to consumers harmed by a fake investment scheme, an agency press release said Wednesday...

READ MORE >
FTC: Financial Education Services Ran $213M Pyramid Scheme
FTC: Financial Education Services Ran $213M Pyramid Scheme
June 01, 2022  |  Security & Fraud

The Federal Trade Commission (FTC) has acted against credit repair company Financial Education Services, accusing it of running a $213 million pyramid scheme, according to...

READ MORE >
FTC to Issue $152M in Checks to Additional Victims of AMG Services
FTC to Issue $152M in Checks to Additional Victims of AMG Services
May 19, 2022  |  Security & Fraud

The Federal Trade Commission announced Thursday (May 19) that it will mail 690,000 checks, amounting to over $152 million, to customers who were defrauded by...

READ MORE >