Tag: FinTech

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Two companies have agreed to settle Federal Trade Commission charges that they misrepresented the security of their mobile apps and failed to secure the transmission of millions of consumers’ sensitive personal information from their mobile apps.
Following a public comment period, the Federal Trade Commission has approved a final order resolving FTC allegations that Apple Inc. unfairly charged consumers for in-app purchases incurred by children without their parents’ consent.
Update (3/27/14): Apple will notify people about how to get refunds by April 15. The settlement requires Apple to provide full refunds for in-app charges made by kids without parental permission.
Apple Inc. has agreed to provide full refunds to consumers, paying a minimum of $32.5 million, to settle a Federal Trade Commission complaint that the company billed consumers for millions of dollars of charges incurred by children in kids’ mobile apps without their parents’ consent.
The Federal Trade Commission is taking action to stop a mobile phone cramming operation that has placed tens of millions of dollars on consumers’ mobile phone bills without their permission. In its complaint, the FTC seeks to shut down the operation and recover money lost by consumers.
On February 19, 2014, the Federal Trade Commission staff hosted a seminar on Mobile Device Tracking.
The operators of an Atlanta-based company have agreed to settle Federal Trade Commission allegations that they crammed charges on consumers’ cell phone bills without their consent, causing more than $10 million in consumer injury.
Call it "cramouflage" — unauthorized (and unexplained) charges that show up on people's mobile phone bills.  Regardless of whether consumers use cell phones, land lines, or two cans tied together with string, it’s illegal to bill them without their express consent.  That’s always been...
The Federal Trade Commission held a public workshop to explore consumer privacy and security issues posed by the growing connectivity of devices. The ability of everyday devices to communicate with each other and with people is becoming more prevalent and often is referred to as “The...
Global mobile marketer Jesta Digital, LLC, will provide refunds to a large number of consumers and pay an additional $1.2 million to the Federal Trade Commission as part of a settlement with the FTC, which alleged that Jesta crammed unwanted charges onto consumers’ cell phone bills.
You thought Angry Birds get peeved at those annoying green pigs?  That's nothing compared to consumers’ reaction when they found unauthorized charges “crammed” onto their cell phone bills for phony virus scans that showed up when they played Angry Birds on their Android devices.  To...
On June 4, 2013, the Federal Trade Commission hosted a public forum to examine the state of mobile security.  Mobile technologies, such as smartphones and tablets, provide consumers with an always-connected and convenient means of engaging in their daily activities, including email,...
We can’t figure out why Hollywood hasn’t returned our call, but here's a great idea for an action movie.  FTC attorneys go to court to stop a company from illegally billing people for text message-based subscription services they never asked for and didn’t authorize.  We even have a...
The Federal Trade Commission has taken legal action to shut down an operation that allegedly took in millions of dollars from placing charges on consumers’ mobile phone bills, many of which were “crammed” or unauthorized charges.
The Federal Trade Commission hosted a workshop to examine the use of mobile payments in the marketplace and how this emerging technology impacts consumers. This event brought together consumer advocates, industry representatives, government regulators, technologists, and academics to...

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