FTC

FTC Bans Rogue Payment Processor In Settlement Over Alleged Scams

FTC Bans Rogue Payment Processor In Settlement Over Alleged Scams
FTC Bans Rogue Payment Processor In Settlement Over Alleged Scams
June 09, 2020  |  Security & Fraud

A Texas operator of several payment processing centers has agreed to be permanently banned from the industry in order to settle charges by the Federal...

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Today In Payments: China’s Rebounding Economy Is Likely Not Norm; At Least $20B Of PPP Loans Have Been Canceled
Today In Payments: China’s Rebounding Economy Is Likely Not Norm; At Least $20B Of PPP...
June 01, 2020  |  News

In today’s top news, China’s economy looks to be rebounding, and a minimum of $20 billion in PPP loans has been returned. Plus, lawmakers ask...

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Lawmakers Ask FTC To Examine Instacart, Delivery Platforms Tipping Protocols
Lawmakers Ask FTC To Examine Instacart, Delivery Platforms Tipping Protocols
May 29, 2020  |  Delivery

After reports that eCommerce delivery platforms are allowing consumers to “tip bait,” four U.S. senators are asking the Federal Trade Commission (FTC) to look at...

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FTC Charges Payday Lender With ‘Deceptively’ Overcharging Clients
FTC Charges Payday Lender With ‘Deceptively’ Overcharging Clients
May 22, 2020  |  Legal

After a payday lender allegedly left consumers to pay more than promised by drawing continued interest-only deductions, the Federal Trade Commission (FTC) has charged a lending...

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FTC: Active Duty Troops 76 Pct More Likely To Report Identity Theft
FTC: Active Duty Troops 76 Pct More Likely To Report Identity Theft
May 21, 2020  |  Security & Fraud

Active-duty service members are 76 percent more likely to report identity theft than most people, according to data from the Federal Trade Commission (FTC). Get...

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First Data And Exec To Pay $40M To Settle FTC Fraud Case
First Data And Exec To Pay $40M To Settle FTC Fraud Case
May 19, 2020  |  Legal

Payments processing giant First Data Merchant Services and one of its executives will pay $40.3 million to settle allegations that they laundered credit card transactions...

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Roundtable: Should Tech M&A Be Locked Down During The Pandemic?
Roundtable: Should Tech M&A Be Locked Down During The Pandemic?
May 19, 2020  |  Commentary

The pandemic has forced many aspects of everyday life — for consumers, yes, but businesses too — to pause. Get the Full Story Complete the...

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FTC Refunds $12M To Consumer Victims Of Bogus Online Trial Memberships
FTC Refunds $12M To Consumer Victims Of Bogus Online Trial Memberships
May 18, 2020  |  Security & Fraud

More than 147,000 consumers who were scammed by I Works are getting full refunds totaling $12 million, the Federal Trade Commission (FTC) announced Monday (May...

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FTC To Probe What User Info Zoom Collects
FTC To Probe What User Info Zoom Collects
May 12, 2020  |  Safety and Security

The Federal Trade Commission may be looking into privacy concerns surrounding online video call software Zoom, Chairman Joseph Simons revealed. Zoom has seen massive increases...

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