FTC

FTC Settles With SoFi
FTC Settles With SoFi
February 25, 2019  |  Regulation

The Federal Trade Commission announced it has resolved its investigation of online lender SoFi, following a public comment period. According to an FTC press release,...

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Senators Call For FTC Action On FB ‘Friendly Fraud’ Complaint
Senators Call For FTC Action On FB ‘Friendly Fraud’ Complaint
February 22, 2019  |  Facebook

U.S. Senators Edward Markey and Richard Blumenthal have asked the Federal Trade Commission to act on a complaint that Facebook knowingly encouraged children to spend...

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LendingClub Loan Applications Surge 18 Pct Despite Earnings Miss
LendingClub Loan Applications Surge 18 Pct Despite Earnings Miss
February 20, 2019  |  Earnings

LendingClub shares sank on guidance that missed the Street, but management said fourth quarter lending activity was strong across personal and auto loans, even as...

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Facebook Accused Of Exposing User Data Via Groups
Facebook Accused Of Exposing User Data Via Groups
February 19, 2019  |  Facebook

The Federal Trade Commission (FTC) has received a complaint against Facebook that alleges the social media giant wrongfully disclosed information on members of closed groups....

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Facebook-FTC Row Could Produce Record Fine
Facebook-FTC Row Could Produce Record Fine
February 15, 2019  |  Facebook

Facebook is set to face a record-setting fine imposed by the Federal Trade Commission (FTC). Sources have told The Wall Street Journal that the parties are currently...

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FTC: Romance Scammers Swindled $143M From Consumers In 2018
FTC: Romance Scammers Swindled $143M From Consumers In 2018
February 12, 2019  |  Security & Fraud

The Federal Trade Commission released a warning on Tuesday (Feb. 12) about potential “romance scams,” which cost victims a collective $143 million last year. The...

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Victims Of Tech Support Scam To Get Refunds From FTC
Victims Of Tech Support Scam To Get Refunds From FTC
February 11, 2019  |  Security & Fraud

The Federal Trade Commission said it will send refund checks to people who were victims of a tech support scam. The decision is part of...

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FTC Clears Staples For B2B Office Supply Takeover
FTC Clears Staples For B2B Office Supply Takeover
February 01, 2019  |  B2B Payments

The U.S. Federal Trade Commission has approved of Staples’ proposed acquisition of B2B office supply wholesaler Essendant, reports in the Wall Street Journal said this week....

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US Regulators Eye ‘Record’ Facebook Fine
US Regulators Eye ‘Record’ Facebook Fine
January 18, 2019  |  Regulation

Regulators in the United States have reportedly met to discuss levying fines against social media giant Facebook, a punishment that could be sizable in scope...

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