Tag: FTC

Learn how the FTC regulates and enforces policies in the payments and banking sectors, ensuring consumer protection and fair competition within the financial services industry.

Credit Card Delinquencies: Volume Decreases Choke Collection Agencies

by Brian Riley

September 27, 2021

Probably the least regarded segment of credit cards is the lowly collection agency. They work at the back end of ...

In a Deal with the FTC, First Data Agrees to Pay $40 Million

by Tim Sloane

May 20, 2020

This is one small example of how important it is for acquirers to properly identify its merchants during the onboarding ...

Grifters Put the Bullseye on Young Adults

by Peter Reville

March 10, 2020

The days of the email from a “foreign prince” asking for money are no longer upon us, but scammers are ...

Debit Card Transaction Routing in the News. Again.

by Sarah Grotta

January 15, 2020

Questions over the freedom for merchants to route transactions to any of the global networks (Mastercard and Visa) and also ...

Here We Go Again: FTC Looks Into Mastercard and Visa Regarding Debit Routing

by Sarah Grotta

November 14, 2019

When the Durbin amendment was enacted, merchants cheered the cap on interchange fees, at least on those cards issued by ...

Venmo Resolves Security and Discloser Issues with the FTC

by Sarah Grotta

March 5, 2018

Last week, person-to-person payment app Venmo finalized a settlement with the Federal Trade Commission regarding security and consumer disclosure practices. ...