PYMNTS-MonitorEdge-May-2024

FTC

FTC Issues $3 Million in Refunds for Leads Sold by HomeAdvisor
FTC Issues $3 Million in Refunds for Leads Sold by HomeAdvisor
November 28, 2023  |  Regulation

HomeAdvisor, a company affiliated with Angi (formerly known as Angie’s List), came under scrutiny by the Federal Trade Commission (FTC) for alleged deceptive marketing tactics....

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FTC Seeks Ideas to Prevent Misuse of AI-Enabled Voice Cloning
FTC Seeks Ideas to Prevent Misuse of AI-Enabled Voice Cloning
November 16, 2023  |  Regulation

The Federal Trade Commission (FTC) has taken a proactive stance in protecting consumers from the potential dangers of artificial intelligence-enabled voice cloning technology. The FTC...

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FTC Bars Chargebacks911 From Using Deceptive Practices
FTC Bars Chargebacks911 From Using Deceptive Practices
November 07, 2023  |  Legal

The Federal Trade Commission (FTC) and “chargeback mitigation” company Chargebacks911 have reached a settlement to prevent the company from engaging in deceptive practices. The settlement also prohibits the company...

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FTC Alleges Amazon Deployed Secret Algorithm to Raise Prices
FTC Alleges Amazon Deployed Secret Algorithm to Raise Prices
November 02, 2023  |  Legal

The Federal Trade Commission (FTC) reportedly unveiled details of a lawsuit against Amazon Thursday (Nov. 2), accusing the eCommerce giant of employing strategies to enhance its profits. The...

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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...

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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...

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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...

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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...

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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....

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