FTC

FTC Fines TikTok $5.7M Over Alleged Child Data Collection
FTC Fines TikTok $5.7M Over Alleged Child Data Collection
February 27, 2019  |  Security & Fraud

TikTok has been fined a record $5.7 million by the Federal Trade Commission (FTC) over the illegal collection of data from children, the FTC said...

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FTC Takes Fresh Aim At Big Tech — And Its Previous Mergers
FTC Takes Fresh Aim At Big Tech — And Its Previous Mergers
February 27, 2019  |  Regulation

It’s a process that stands not only as a familiar feature of U.S. history, but a part of global economic development stretching back centuries: First...

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Online Lender SoFi Debuts Two Free ETFs
Online Lender SoFi Debuts Two Free ETFs
February 26, 2019  |  Loans

Online lender Social Finance (SoFi) is launching two free exchange-traded funds (ETFs). Citing regulatory filings, Bloomberg reported that the funds — set to waive management...

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FTC Settles With SoFi
FTC Settles With SoFi
February 25, 2019  |  Regulation

The Federal Trade Commission announced it has resolved its investigation of online lender SoFi, following a public comment period. According to an FTC press release,...

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Senators Call For FTC Action On FB ‘Friendly Fraud’ Complaint
Senators Call For FTC Action On FB ‘Friendly Fraud’ Complaint
February 22, 2019  |  Facebook

U.S. Senators Edward Markey and Richard Blumenthal have asked the Federal Trade Commission to act on a complaint that Facebook knowingly encouraged children to spend...

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LendingClub Loan Applications Surge 18 Pct Despite Earnings Miss
LendingClub Loan Applications Surge 18 Pct Despite Earnings Miss
February 20, 2019  |  Earnings

LendingClub shares sank on guidance that missed the Street, but management said fourth quarter lending activity was strong across personal and auto loans, even as...

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Facebook Accused Of Exposing User Data Via Groups
Facebook Accused Of Exposing User Data Via Groups
February 19, 2019  |  Facebook

The Federal Trade Commission (FTC) has received a complaint against Facebook that alleges the social media giant wrongfully disclosed information on members of closed groups....

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Facebook-FTC Row Could Produce Record Fine
Facebook-FTC Row Could Produce Record Fine
February 15, 2019  |  Facebook

Facebook is set to face a record-setting fine imposed by the Federal Trade Commission (FTC). Sources have told The Wall Street Journal that the parties are currently...

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FTC: Romance Scammers Swindled $143M From Consumers In 2018
FTC: Romance Scammers Swindled $143M From Consumers In 2018
February 12, 2019  |  Security & Fraud

The Federal Trade Commission released a warning on Tuesday (Feb. 12) about potential “romance scams,” which cost victims a collective $143 million last year. The...

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