Ftc news and trends

FTC Accuses Digital Banking Platform Dave of Charging Undisclosed Fees to Users

November 06, 2024
FTC
FTC Begins Refunding $2.5 Million in Credit Karma Deception Case
Regulation // October 31, 2024

The Federal Trade Commission is issuing payments to consumers misled by deceptive claims from Credit Karma. The FTC is sending checks and PayPal payments to 50,994 consumers, adding up to more than $2.5 million, according to a Thursday (Oct. 31) press release. The regulator took...

FTC Lawsuit Prompts Shutdown of Alleged ‘Online Business Opportunity Scam’
Security & Fraud // October 28, 2024

A Federal Trade Commission (FTC) lawsuit that alleges an “online business opportunity scam” led a federal court to temporarily shut down the operations of Lunar Capital Ventures, Ecom Genie and Profitable Automation. According to a complaint filed by the FTC, these three entities and the...

Trade Associations Sue to Block FTC ‘Click-to-Cancel’ Rule
Legal // October 23, 2024

Three trade associations filed a lawsuit Wednesday (Oct. 23), aiming to block the Federal Trade Commission’s (FTC) “click-to-cancel” rule. The suit claims that the rule exceeds the FTC’s authority and is not supported by evidence, Reuters reported Wednesday. The three plaintiffs are the NCTA —...

Subscription Economy Faces New Consumer Expectations, Regulatory Demands
Subscriptions // October 18, 2024

While Netflix raised membership prices in Japan, Italy, Spain, and parts of Europe, the Middle East and North Africa (EMEA), it faces an evolving subscription economy framed by consumer demand for transparency and control. This week’s ruling by the Federal Trade Commission introducing a “click-to-cancel”...

Interviews & Exclusives
Rising Fraud Casts Shadow Over Voice Commerce Potential

March 29, 2024
The proliferation of voice-activated technology, from virtual shopping assistants to speech recognition in smartphones and smart homes, is reshaping how consumers interact with devices. Advancements in this field are continually expanding the possibilities of what voice technology can achieve. For instance, assistive voice technology, like the one developed by Whispp, is empowering individuals with voice disabilities, enabling more fluent and […]

FlexPay CEO: Proposed ‘Click to Cancel’ Subscription Rule Could Harm Good Actors

April 07, 2023
Almost no one doubts that some subscription companies make it difficult for their customers to cancel. The Federal Trade Commission (FTC) is recommending a streamlined path toward subscription cancellations, and...

Regulatory Risks to Play Larger Role in New M&A Calculus

April 22, 2022
The Federal Trade Commission (FTC) and the Department of Justice (DOJ) are working on new horizontal merger guidelines, which may be ready by the end of the year, that could...

Regulators Worried Next ‘Big Tech’ Will Be Created on Their Watch

April 20, 2022
Mergers and acquisitions in the tech space have become a critical issue for regulators worldwide. Agencies probably feel that they have underenforced the law in the past. In an interview,...

Quick Reads
FTC Accuses Digital Banking Platform Dave of Charging Undisclosed Fees to Users

November 06, 2024
The name of online banking platform Dave suggests a dependable friend. But after fielding consumer complaints, a regulator says Dave’s cash advance app is not on the level. The Federal Trade Commission (FTC) is taking Delaware-based Dave Inc. to court, according to a Tuesday (Nov. 5) press release, alleging deceptive marketing practices and charging fees […]

FTC Begins Refunding $2.5 Million in Credit Karma Deception Case

October 31, 2024
The Federal Trade Commission is issuing payments to consumers misled by deceptive claims from Credit Karma. The FTC is sending checks and PayPal payments to 50,994 consumers, adding up to...

FTC Lawsuit Prompts Shutdown of Alleged ‘Online Business Opportunity Scam’

October 28, 2024
A Federal Trade Commission (FTC) lawsuit that alleges an “online business opportunity scam” led a federal court to temporarily shut down the operations of Lunar Capital Ventures, Ecom Genie and...

Trade Associations Sue to Block FTC ‘Click-to-Cancel’ Rule

October 23, 2024
Three trade associations filed a lawsuit Wednesday (Oct. 23), aiming to block the Federal Trade Commission’s (FTC) “click-to-cancel” rule. The suit claims that the rule exceeds the FTC’s authority and...