PYMNTS-MonitorEdge-May-2024

FTC

FTC Charges Review Platform Sitejabber With Deceiving Consumers
FTC Charges Review Platform Sitejabber With Deceiving Consumers
November 06, 2024  |  Regulation

The Federal Trade Commission (FTC) announced a new enforcement action against Sitejabber, charging the review platform with deceiving consumers through misrepresentative reviews and ratings. Sitejabber,...

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FTC Suit vs FinTech ‘Dave’ Spotlights Conflict Over Fee Disclosures and Business Models
FTC Suit vs FinTech ‘Dave’ Spotlights Conflict Over Fee Disclosures and Business Models
November 06, 2024  |  Regulation

If the past few months have shown us anything it’s that the frictions between the regulators and the regulated — in this case, FinTechs —...

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FTC Accuses Digital Banking Platform Dave of Charging Undisclosed Fees to Users
FTC Accuses Digital Banking Platform Dave of Charging Undisclosed Fees to Users
November 06, 2024  |  Regulation

The name of online banking platform Dave suggests a dependable friend. But after fielding consumer complaints, a regulator says Dave’s cash advance app is not...

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FTC Begins Refunding $2.5 Million in Credit Karma Deception Case
FTC Begins Refunding $2.5 Million in Credit Karma Deception Case
October 31, 2024  |  Regulation

The Federal Trade Commission is issuing payments to consumers misled by deceptive claims from Credit Karma. The FTC is sending checks and PayPal payments to...

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FTC Lawsuit Prompts Shutdown of Alleged ‘Online Business Opportunity Scam’
FTC Lawsuit Prompts Shutdown of Alleged ‘Online Business Opportunity Scam’
October 28, 2024  |  Security & Fraud

A Federal Trade Commission (FTC) lawsuit that alleges an “online business opportunity scam” led a federal court to temporarily shut down the operations of Lunar...

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Trade Associations Sue to Block FTC ‘Click-to-Cancel’ Rule
Trade Associations Sue to Block FTC ‘Click-to-Cancel’ Rule
October 23, 2024  |  Legal

Three trade associations filed a lawsuit Wednesday (Oct. 23), aiming to block the Federal Trade Commission’s (FTC) “click-to-cancel” rule. The suit claims that the rule...

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Subscription Economy Faces New Consumer Expectations, Regulatory Demands
Subscription Economy Faces New Consumer Expectations, Regulatory Demands
October 18, 2024  |  Subscriptions

While Netflix raised membership prices in Japan, Italy, Spain, and parts of Europe, the Middle East and North Africa (EMEA), it faces an evolving subscription...

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FTC Publishes Final Rule on Subscription and Membership Programs
FTC Publishes Final Rule on Subscription and Membership Programs
October 16, 2024  |  Regulation

The Federal Trade Commission (FTC) announced a final rule that will require sellers to make it as easy for consumers to cancel their subscriptions, memberships...

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Federal Agencies Aim to Combat Algorithmic Bias in AI
Federal Agencies Aim to Combat Algorithmic Bias in AI
October 11, 2024  |  artificial intelligence

Auditing has a role in preventing, investigating, monitoring and remedying algorithmic bias in artificial intelligence (AI), technologists and researchers from federal agency civil rights offices...

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