Tag: FinTech

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Payment processor Allied Wallet, its CEO and owner, and two other officers have agreed to settle FTC charges that they assisted numerous scams by knowingly processing fraudulent transactions to consumers’ accounts.
WHAT:The Federal Trade Commission will host a forum on small business financing.WHEN:Wednesday, May 8, 8:30 a.m. – 12:45 p.m. ET (Doors open for registration at 7:45 a.m.)WHERE:Constitution Center400 7th St SW
The Federal Trade Commission has taken legal action against the operator of a deceptive crowdfunding scheme who told consumers he was raising money to develop a high-tech backpack and other products, but failed to deliver any of the products and instead used much of the funds for himself.
The Federal Trade Commission has released the agenda for its May 8 event, Strictly Business: An FTC Forum on Small Business Financing. The forum will explore trends and consumer protection issues in the small business financing marketplace, including the recent proliferation of online loans and...
Avant, LLC, an online lending company, has agreed to settle the Federal Trade Commission’s charges that it engaged in deceptive and unfair loan servicing practices, such as imposing unauthorized charges on consumers’ accounts and unlawfully requiring consumers to consent to automatic payments from...
The Federal Trade Commission has reached a settlement with PayPal, Inc. over allegations that the company told users of its Venmo peer-to-peer payment service that money credited to their Venmo balances could be transferred to external bank accounts without adequately disclosing that the...
The Federal Trade Commission today announced the agenda for its March 9, 2017, FinTech Forum focusing on the consumer implications of two rapidly developing technologies: artificial intelligence and blockchain. The forum, which is the third in an ongoing event series, will take place from 9:00 a.m...
The Western Union Company (Western Union), a global money services business headquartered in Englewood, Colorado, has agreed to forfeit $586 million and enter into agreements with the Federal Trade Commission, the Justice Department, and the U.S. Attorneys’ Offices of the Middle District of...
The Federal Trade Commission will host its third FinTech Forum on March 9, 2017, focusing on the consumer implications of two rapidly developing technologies: artificial intelligence and blockchain.Artificial intelligence focuses on the capability for machines to mimic human thinking or actions,...
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...
Court will decide amount of monetary relief Amazon owes in coming months
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...
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 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.
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...

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