PYMNTS-MonitorEdge-May-2024

FTC

FTC Refunds $449K to Victims of Extended Warranty Scam
FTC Refunds $449K to Victims of Extended Warranty Scam
October 10, 2024  |  Security & Fraud

The FTC is refunding $449,000 to victims of a telemarketing scam involving extended automobile warranties. According to a Thursday (Oct. 10) news release from the Federal Trade Commission (FTC),...

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FTC Requiring Marriott to Certify Security Program After Data Breaches
FTC Requiring Marriott to Certify Security Program After Data Breaches
October 09, 2024  |  Security & Fraud

The Federal Trade Commission (FTC) plans to require Marriott International and its subsidiary Starwood Hotels & Resorts Worldwide to implement a comprehensive security program. This plan is...

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Judge Rules FTC Antitrust Lawsuit Against Amazon Can Proceed
Judge Rules FTC Antitrust Lawsuit Against Amazon Can Proceed
October 07, 2024  |  ANTITRUST

A judge unsealed a Sept. 30 ruling that the Federal Trade Commission’s (FTC) antitrust lawsuit against Amazon can proceed, while the claims of some states...

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G7 Authorities Vow to Enforce Competition Laws in AI Markets
G7 Authorities Vow to Enforce Competition Laws in AI Markets
October 04, 2024  |  ANTITRUST

Competition authorities and policymakers have a role in addressing competitive threats in artificial intelligence-related technologies, products and applications, the Federal Trade Commission and the Department...

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FTC Enforcement Sweep Targets ‘Fever Pitch’ of AI Scams
FTC Enforcement Sweep Targets ‘Fever Pitch’ of AI Scams
September 25, 2024  |  artificial intelligence

The Federal Trade Commission (FTC) announced five law enforcement actions that it said are part of a crackdown on deceptive artificial intelligence (AI) claims and...

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FTC Gets $40 Million Settlement in Alleged Unauthorized Billing Scheme
FTC Gets $40 Million Settlement in Alleged Unauthorized Billing Scheme
September 17, 2024  |  Legal

Defendants who allegedly enrolled consumers, without their knowledge, into continuity plans for products they did not buy will forfeit assets valued at $40 million and...

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FTC to Use PayPal to Send Refunds in FloatMe Settlement
FTC to Use PayPal to Send Refunds in FloatMe Settlement
September 16, 2024  |  Security & Fraud

The Federal Trade Commission (FTC) will begin sending refunded money via PayPal to consumers it said were harmed by online cash advance provider FloatMe. Consumers...

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FTC Reports Tenfold Increase in Scams Involving Bitcoin ATMs
FTC Reports Tenfold Increase in Scams Involving Bitcoin ATMs
September 03, 2024  |  Security & Fraud

As bitcoin ATMs have been installed in more locations, they have become a “payment portal for scammers,” the Federal Trade Commission (FTC) said in a...

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FTC Accuses Care.com of Misleading Job-Seeking Caregivers
FTC Accuses Care.com of Misleading Job-Seeking Caregivers
August 26, 2024  |  Regulation

The Federal Trade Commission took legal action against child and older adult care platform Care.com. The FTC alleged that Care deceived caregivers about the availability...

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