Amazon, it seems, has just said no to the Federal Trade Commission in regards to the federal agency’s request that the eCommerce mega-retailer update some of its policies regarding in-app purchases. According to reports by The Wall Street Journal , the FTC is particularly concerned about...
Uber has won a round in its ongoing battle with licensed taxi services around the world. The London Transport Regulator has ruled that the California-based ride-sharing start-up can legally operate in the British capital. Under London taxi rules, only licensed black taxis are allowed to...
With millions of Americans holding in their hands devices that can track their every move, and record their movements over time, the Federal Trade Commission has come out in support of draft legislation that would require consumers’ consent before companies could use their geolocation data....
For the sixth time, the Federation Trade Commission has charged a company with phantom debt claims in violation of the law. In the latest case, an Atlanta judge recently ordered a company’s owner to stop trying to collect on debts, which the FTC says never...
It’s taken four years, but a civil antitrust case the Department of Justice filed against American Express in 2010 is set to go to trial on July 7. The DOJ wants Amex to allow merchants to let customers know they have options to pay that...
For many banks, arbitration, which on its surface appears to be a viable economic alternative to litigation in customer-fee disputes, has turned out instead for many banks to create a litigation nightmare. As a result, many credit card issuers in particular have dropped arbitration clauses...
Yesterday, Governor Jerry Brown signed a law, passed by the California legislature, which reversed an earlier law—seriously—that said you could only conduct transactions in California with greenbacks. No pesos, Canadian dollars, city currencies, reward points, and yes—no bitcoins, dogecoins, or any other cryptocurrency either. As...
Intuit is “PayWithCoin” enabling small biz and the CFPB is giving this crypto currency a look-see. One family is taking its vacation this summer to places that only accept BTC but you’ll need cold hard cash to buy any of the stash seized by the...
The improving U.S. economy is having a positive effect on personal savings as well as wages and salaries, new government data show. Total personal income among U.S. residents in May climbed by $58.8 billion as disposable personal income (DPI) rose $55.6 billion. Both increases represented...
