Tag: FinTech

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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.
The report is partly based on input from participants in the FTC’s 2013 Internet of Things workshop.
Flashes at a railroad crossing. That chirp from a smoke detector. The “check engine” light on the dashboard. Those are just a few warnings that merit your attention. The FTC’s proposed settlement with T-Mobile – which imposes at least $90 million in financial remedies, including full...
Note: A conference call for media with FTC Bureau of Consumer Protection Director Jessica Rich, FCC Enforcement Bureau Director Travis LeBlanc and Vermont Attorney General William Sorrell occured as follows:Date: Dec. 19, 2014 Time: 1 p.m. ETThe speakers were available to take questions from the...
A series of defendants will pay approximately $10 million to the Federal Trade Commission to settle charges that they operated a massive scam that sent unwanted text messages to millions of consumers, many of whom later received illegal robocalls, phony “free” merchandise offers, and unauthorized...
We’re not saying it’s the most important phone message since “Mr. Watson, come here. I want to see you.” But the FTC hopes a $105 million settlement with AT&T Mobility stemming from unauthorized charges on consumers’ mobile phone bills will motivate industry members to listen up...
Consumers who believe they were charged without their authorization can visit www.ftc.gov/att to submit a refund claim.
At the request of the Federal Trade Commission, a federal court has shut down Butterfly Labs, a Missouri-based company that allegedly deceptively marketed specialized computers designed to produce Bitcoins, a payment system sometimes referred to as “virtual currency.”
The staff of the Federal Trade Commission filed a comment in response to the Consumer Financial Protection Bureau’s request for information on the use of mobile financial systems by consumers and their potential benefits for the financial lives of underserved consumers.  The FTC staff’s comment...
The polar bears and penguins sold within kids’ apps offered in the Google Play Store may have been virtual, but the unauthorized charges Moms and Dads got stuck with were all too real.  A proposed FTC settlement will refund at least $19 million to parents whose accounts were charged...
FTC order requires Google to change its mobile app billing practices to ensure consumers’ consent is obtained before charges are levied.

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