PYMNTS-MonitorEdge-May-2024

FTC

Report: FTC Lawsuit Aims to Develop Standards for Membership Programs
Report: FTC Lawsuit Aims to Develop Standards for Membership Programs
June 23, 2023  |  Subscriptions

The FTC is reportedly sending a message to all retailers with its lawsuit against Amazon. The Federal Trade Commission’s (FTC’s) lawsuit alleging that the retailer...

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FTC Amazon Prime Suit Points to Larger Issues on Subscription Cancellations
FTC Amazon Prime Suit Points to Larger Issues on Subscription Cancellations
June 21, 2023  |  Subscriptions

Whatever the outcome of the Federal Trade Commission’s suit against Amazon, the action is sure to raise larger debate over, and perhaps a retooling of,...

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FTC: Online Marketplaces Need to Police Fake Goods
FTC: Online Marketplaces Need to Police Fake Goods
June 20, 2023  |  eCommerce

The Federal Trade Commission (FTC) is reminding online marketplaces of the duty to ferret out fake merchandise. The agency issued a notice Tuesday (June 20) on the new Integrity,...

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FLEETCOR Agrees to Comply With Court Ruling in FTC Disclosure Practices Case
FLEETCOR Agrees to Comply With Court Ruling in FTC Disclosure Practices Case
June 11, 2023  |  Regulation

Payments company FLEETCOR says it has closed out a four-year legal battle with the FTC. The company announced Friday (June 9) that it had received a court order...

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FTC: Bank Impersonation Text Message Scams 20X More Common Since 2019
FTC: Bank Impersonation Text Message Scams 20X More Common Since 2019
June 08, 2023  |  Security & Fraud

Bank impersonation is the most-reported form of text message scam. This form of scam — which begins with a text message that is a fake...

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FTC Highlights Enforcement Actions Related to Financial Abuses
FTC Highlights Enforcement Actions Related to Financial Abuses
June 07, 2023  |  Regulation

The Federal Trade Commission (FTC) undertook enforcement actions around automobile purchasing and financing, payday lending, and credit repair and debt relief in 2022. The agency highlighted...

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FTC Returned $392 Million to Consumers After Law Enforcement Actions
FTC Returned $392 Million to Consumers After Law Enforcement Actions
June 06, 2023  |  Consumer Payments

The Federal Trade Commission (FTC) returned $392 million to consumers in 2022 after recovering the money in law enforcement actions. About $248 million of those refunds came from cases...

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Amazon’s Ring and FTC Settle Charges of Privacy Violations
Amazon’s Ring and FTC Settle Charges of Privacy Violations
May 31, 2023  |  Amazon

Amazon’s Ring business unit has reached a settlement with the Federal Trade Commission (FTC) regarding its privacy and security practices. The proposed order, which must...

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Mastercard Agrees With FTC Card Data Routing Order
Mastercard Agrees With FTC Card Data Routing Order
May 30, 2023  |  Regulation

Federal regulators have finalized an order requiring Mastercard to share card data with other payment networks. The Federal Trade Commission (FTC) said the consent order settles...

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