Tag: FinTech

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The Federal Trade Commission will host its second FinTech Forum on Oct. 26, focusing on two topics of increasing interest to consumers: crowdfunding and peer-to-peer payment systems. The event is designed to bring together perspectives from across the landscape of these two growing sectors, and it...
Technology experts, consumer advocates, and industry and government representatives will be part of the Federal Trade Commission’s first FinTech Forum event examining marketplace lending and its impact on consumers, taking place June 9.FTC Chairwoman Edith Ramirez will give opening remarks at the...
In Amazon’s Appstore, many apps geared toward kids prompted them to use fictitious currency, like a “boatload of doughnuts” or a “can of stars,” as part of game play. But a federal district court recently agreed with the FTC that Amazon’s practice of charging cold, hard cash for those...
Court will decide amount of monetary relief Amazon owes in coming months
Starting in summer 2016, the FTC began a forum series exploring emerging financial technology and its implications for consumers. The first FinTech Forum, held June 9, 2016, addressed marketplace lending. Marketplace lenders are typically nonbank financial platforms that leverage...
Butterfly Labs and two of its operators have agreed to settle Federal Trade Commission charges that they deceived thousands of consumers about the availability, profitability, and newness of machines designed to mine the virtual currency known as Bitcoin, and that they unfairly kept consumers’ up-...
A new report from the Federal Trade Commission outlines a number of questions for businesses to consider to help ensure that their use of big data analytics, while producing many benefits for consumers, avoids outcomes that may be exclusionary or discriminatory.“Big data’s role is growing in nearly...
The Federal Trade Commission hosted a workshop on October 30, 2015 to explore online lead generation in various industries including lending and education. The workshop brought together a variety of stakeholders, including industry representatives, consumer advocates, and government...
Defendants’ app installed malware that left phones with drained batteries, depleted data plans
Defendant spent backers’ money on personal expenses
Nomi Technologies falsely promised an in-store opt out, the FTC alleges
The FTC keeps its finger on the pulse of markets, channeling its resources to protect consumers from deceptive and unfair practices involving new technologies. A few years ago, we created the Mobile Technology Unit to help bring consumer protection into the mobile era. Staffers assist...
The Federal Trade Commission will host a workshop on Nov. 16, 2015, to examine the privacy issues around the tracking of consumers’ activities across their different devices for advertising and marketing purposes.

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