Tag: financial privacy

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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...
Following a public comment period, the Federal Trade Commission has approved a final order with the operator of a Georgia-based online tax preparation service settling allegations that it violated federal rules on financial privacy and security.
The operator of a Georgia-based online tax preparation service has agreed to settle Federal Trade Commission allegations that it violated federal rules on financial privacy and security.
The Federal Trade Commission has proposed an amendment to its rules under the Gramm-Leach-Bliley Act to allow auto dealers that finance car purchases or provide car leases to provide online updates to consumers about their privacy policies as opposed to sending yearly updates by mail.
A data broker operation sold the sensitive personal information of hundreds of thousands of consumers – including Social Security and bank account numbers – to scammers who allegedly debited millions from their accounts, the Federal Trade Commission charged in a complaint filed today.
At the request of the Federal Trade Commission, a federal court has ordered two debt sellers that posted the sensitive personal information of more than 70,000 consumers online to notify the consumers and explain how they can protect themselves against identity theft and other fraud in light of the...
The Federal Trade Commission has announced the agenda and panelists for its upcoming privacy seminar examining the scope and effects of alternative scoring products, which will take place March 19 from 10 a.m. to noon.
The U.S. Federal Trade Commission signed a memorandum of understanding (MOU) with the Information Commissioner’s Office (ICO) of the United Kingdom today to promote increased cooperation and communication between the two agencies in their efforts to protect consumer privacy. 
The Federal Trade Commission sent letters to ten data broker companies warning that their practices could violate the Fair Credit Reporting Act (FCRA) after a test-shopping operation by the FTC indicated the companies were willing to sell consumer information without abiding by FCRA requirements.
The Federal Trade Commission issued orders requiring nine data brokerage companies to provide the agency with information about how they collect and use data about consumers.  The agency will use the information to study privacy practices in the data broker industry.
A company that provides management services to more than 300 payday loan and check cashing stores, and an affiliated company that owns and operates several stores, will pay $101,500 to settle Federal Trade Commission charges that they violated federal law by allowing sensitive consumer information...
A membership reward service aimed at consumers trying to save money for college has agreed to settle FTC charges and will be barred from its allegedly deceptive practice of using a web-browser toolbar to collect consumers' personal information without adequately disclosing the extent of the...
As part of the Federal Trade Commission’s ongoing campaign to protect consumers’ personal information, three companies whose business is reselling consumers’ credit reports have agreed to settle FTC charges that they did not take reasonable steps to protect consumers’ personal information, failures...
Eight federal regulators released an Online Form Builder today that financial institutions can download and use to develop and print customized versions of a model consumer privacy notice.The Online Form Builder, based on the model form regulation published in the Federal Register on December 1,...
A Texas-based mortgage lender has settled Federal Trade Commission charges that it violated federal law by failing to provide reasonable security to protect sensitive customer data. The lender made the data vulnerable, the complaint alleges, by allowing a third-party home seller to access the data...