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FTC Reaches $1 5 Million Settlement with Payment Processor Over Fraud Allegations | Goodwin

[author: Jackie Odum] On December 10, 2020, the Federal Trade Commission (Commission) announced that it reached a settlement with a payment processor and its former CEO for alleged violations of the Federal Trade Commission Act (FTCA). The complaint alleges that the payment processor illegally processed more than $93 million in consumer credit card charges related to fraudulent schemes.  Specifically, the complaint alleges that the payment processor failed to adequately screen and monitor certain of its merchant-clients.  The Commission alleges that the payment processor and its former CEO knew or should have known that the company was assisting scammers in defrauding consumers. The proposed stipulated order, if entered by the U.S. District Court for the District of Utah, will require the payment processor and former CEO to pay $1.5 million to the Commission for consumer relief.  The order would prohibit the payment processor from assisting in fraudulent schemes and furthe

« Je t aime, moi non plus » : La difficile relation entre les GAFAM et les États

« Je t aime, moi non plus » : La difficile relation entre les GAFAM et les États
theconversation.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theconversation.com Daily Mail and Mail on Sunday newspapers.

Wiley Consumer Protection Download (December 21, 2020) | Wiley Rein LLP

To embed, copy and paste the code into your website or blog: Welcome to Wiley’s update on recent developments and what’s next in consumer protection at the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC). In this newsletter, we analyze recent regulatory announcements, recap key enforcement actions, and preview upcoming deadlines and events. We also include links to our articles, blogs, and webinars with more analysis in these areas. We understand that keeping on top of the rapidly evolving regulatory landscape is more important than ever for businesses seeking to offer new and ground-breaking technologies.  Regulatory Announcements

CBD Product Companies Accused of Misleading Consumers by FTC

Agriculture your username December 17, 2020 The Federal Trade Commission (FTC) said in a complaint before the body filed on Thursday that it believes that two CBD companies, Bionatrol Health and Isle Revive, as well as the companies’ owners and managers, violated the Federal Trade Commission Act by placing misleading information on its website and making it easy for consumers to spend more without noticing it through promoting upsells and not displaying amounts or price totals.  Both companies are located in Pleasant Grove, Utah. Bionatrol’s business registration reportedly expired in May 2020 and Isle Revive’s registration is currently delinquent. The companies were accused of having engaged in “unlawful acts and practices” which have affected commerce. 

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