FTC

FTC to Require Non-Banking Financial Institutions to Report Data Breaches
FTC to Require Non-Banking Financial Institutions to Report Data Breaches
October 27, 2023  |  Regulation

The Federal Trade Commission (FTC) will require non-banking financial institutions to report certain data security breaches. In a unanimous decision, the regulator has approved an amendment to the Safeguards...

READ MORE >
FTC: Cross-Border Fraud Cost Consumers $5.2 Billion 
FTC: Cross-Border Fraud Cost Consumers $5.2 Billion 
October 20, 2023  |  Fraud Attack

A new report by the Federal Trade Commission (FTC) shows the extent of the problem of cross-border fraud. Since the FTC began monitoring complaints on...

READ MORE >
Amazon Counters FTC Lawsuit Allegations on Deceptive Practices
Amazon Counters FTC Lawsuit Allegations on Deceptive Practices
October 19, 2023  |  Amazon

Amazon is asking a Seattle judge to dismiss a lawsuit from the Federal Trade Commission (FTC), saying the case “fails in its entirety.”  The eCommerce giant has vehemently...

READ MORE >
Study: Private Medical Info Often Exposed to Data Leakage
Study: Private Medical Info Often Exposed to Data Leakage
October 17, 2023  |  Healthcare

A recent report finds that consumers’ private medical information may not be that private. “The healthcare industry has rapidly embraced digital technologies to enhance patient...

READ MORE >
TransUnion Faces Allegations of Violations of Fair Credit Reporting Act
TransUnion Faces Allegations of Violations of Fair Credit Reporting Act
October 12, 2023  |  CFPB

The Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) have taken enforcement actions against consumer reporting company TransUnion, alleging multiple violations of the Fair Credit Reporting Act....

READ MORE >
Biden Administration to Announce New Regulations to Tackle Junk Fees
Biden Administration to Announce New Regulations to Tackle Junk Fees
October 11, 2023  |  Regulation

President Joe Biden and the heads of the Federal Trade Commission (FTC) and the Consumer Financial Protection Bureau (CFPB) will announce new rules and regulations to crack down on junk fees...

READ MORE >
FTC Says Social Media Most Common Contact Method for Scams
FTC Says Social Media Most Common Contact Method for Scams
October 06, 2023  |  Security & Fraud

Reported losses from scams originating on social media have reached $2.7 billion since 2021. That total has surpassed the losses associated with any other contact method, the Federal...

READ MORE >
Report: Voyager Co-Founder Stephen Ehrlich May Face CFTC Action
Report: Voyager Co-Founder Stephen Ehrlich May Face CFTC Action
October 06, 2023  |  Cryptocurrency

Voyager Digital co-founder Stephen Ehrlich is reportedly facing potential enforcement action from U.S. regulators following investigations into the conduct of the bankrupt crypto lender. Staff in...

READ MORE >
Report: Amazon Accused of Using Secret Algorithm to Raise Prices
Report: Amazon Accused of Using Secret Algorithm to Raise Prices
October 03, 2023  |  Amazon

The Federal Trade Commission (FTC) has reportedly alleged that Amazon used a secret algorithm code-named “Project Nessie” to test the limits of price increases while ensuring competitors would...

READ MORE >