PYMNTS-MonitorEdge-May-2024

FTC

FTC Refunds $1.9 Million to Victims of Credit Bureau Center Scam
FTC Refunds $1.9 Million to Victims of Credit Bureau Center Scam
November 21, 2024  |  News

The FTC is refunding $1.9 million to victims of a “free” credit report scam. The refunds stem from a 2017 lawsuit by the Federal Trade...

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FTC Begins Sending Consumers Refunds in ‘Made in USA’ Case
FTC Begins Sending Consumers Refunds in ‘Made in USA’ Case
November 20, 2024  |  Regulation

The Federal Trade Commission (FTC) is sending over $140,000 in refunds to consumers after taking action against companies that it alleged made false claims that...

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Report: Dave Picks New Marketing Head as It Faces FTC Lawsuit
Report: Dave Picks New Marketing Head as It Faces FTC Lawsuit
November 19, 2024  |  Personnel

Digital bank Dave has reportedly named a new marketing chief amid regulatory troubles. Kevin Frisch, a veteran of companies such as Intuit QuickBooks and Uber, started his tenure with Dave...

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Report: FTC to Investigate Allegedly Anti-Competitive Practices at Microsoft
Report: FTC to Investigate Allegedly Anti-Competitive Practices at Microsoft
November 14, 2024  |  Regulation

The Federal Trade Commission (FTC) is reportedly set to investigate allegedly anti-competitive practices at Microsoft’s cloud computing business. The regulator will focus on allegations that...

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Judge Denies Meta Motion to Dismiss FTC Antitrust Lawsuit
Judge Denies Meta Motion to Dismiss FTC Antitrust Lawsuit
November 13, 2024  |  Meta

A judge reportedly ruled Wednesday (Nov. 13) that a Federal Trade Commission (FTC) lawsuit against Meta can go to trial, largely denying the company’s motion to have the case dismissed....

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Neobank Dave Makes Business Model Changes in Wake of FTC Complaint
Neobank Dave Makes Business Model Changes in Wake of FTC Complaint
November 12, 2024  |  Earnings

Dave, the neobank and cash advance app singled out in an Federal Trade Commission (FTC) complaint last week, Tuesday (Nov. 12) announced compliance-oriented changes to...

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Meta Protests FTC Plan to Update Privacy Settlement
Meta Protests FTC Plan to Update Privacy Settlement
November 12, 2024  |  Meta

Meta is reportedly rejecting the FTC’s plan to modify a 2020 privacy settlement. An attorney for the tech giant told the Federal Trade Commission’s (FTC)...

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H&R Block to Settle FTC Lawsuit Alleging Deceptive Claims
H&R Block to Settle FTC Lawsuit Alleging Deceptive Claims
November 12, 2024  |  Regulation

H&R Block will pay $7 million and change some of its practices under a proposed settlement that would resolve a Federal Trade Commission (FTC) lawsuit alleging that...

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Trump May Reassess Antitrust, Merger Policies, Potentially Halt Google Breakup
Trump May Reassess Antitrust, Merger Policies, Potentially Halt Google Breakup
November 06, 2024  |  ANTITRUST

So what will U.S. antitrust policies look like under the new administration? According to a Reuters report, experts predict Donald Trump will roll back some...

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