Tag: FinTech

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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.
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...

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