Tag: FinTech

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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...
The Federal Trade Commission hosted a roundtable to examine unauthorized third-party charges on mobile phone bills—a practice known as “mobile cramming.”  The roundtable brought together consumer advocates, industry representatives, and government regulators to explore various issues...
Paper, Plastic, . . . Mobile?  The question isn’t about how you bag your groceries — it’s about how you pay for them.  Are you going to use cold hard cash?
As part of its efforts to ensure that consumers are protected in the growing mobile marketplace, the Federal Trade Commission issued a staff report today highlighting key issues facing consumers and companies as they adopt mobile payment services.  The report, titled “Paper, Plastic… or Mobile? An...
The Federal Trade Commission, the nation’s chief privacy agency, issued a staff report recommending ways that key players in the rapidly expanding mobile marketplace can better inform consumers about their data practices.
An enterprise that compiled and sold criminal record reports has agreed to settle Federal Trade Commission charges that it operated as a consumer reporting agency without taking consumer protection measures required by the Fair Credit Reporting Act (FCRA).  The FTC’s settlement order, which...
The Federal Trade Commission issued a new staff report, “Mobile Apps for Kids: Disclosures Still Not Making the Grade,” examining the privacy disclosures and practices of apps offered for children in the Google Play and Apple App stores.  The report details the results of the FTC’s second survey of...
In a comment submitted to the Consumer Financial Protection Bureau (CFPB), staff of the Federal Trade Commission expressed support for protecting users of general purpose reloadable (GPR) cards and for the CFPB's proposal to solicit information about the costs and benefits of extending additional...
In response to a request by the Federal Communications Commission for comment, the Federal Trade Commission said that the “cramming” of unauthorized charges on wireless phone bills poses a serious problem for American consumers. The FTC said in its comment that wireless providers should be required...
The Federal Trade Commission warned marketers of six mobile applications that provide background screening apps that they may be violating the Fair Credit Reporting Act. The FTC warned the apps marketers that, if they have reason to believe the background reports they provide are being used for...

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