Federal Trade Commission
FTC confirms it's investigating Facebook, and Facebook stock drops
The Federal Trade Commission confirmed that it has an opened a "non-public" investigation into Facebook Inc.'s privacy practices. The social media giant's stock quickly dropped more than 5 percent. It's now down more than 20 percent from its Feb. 1 high.
Statement of Commissioner Terrell McSweeny regarding news reports alleging unauthorized use of Facebook data (Federal Trade Commission)
Submitted by benton on Wed, 03/21/2018 - 13:10Utah Operation Responsible for Making More Than 117 Million Illegal Telemarketing Calls to Consumers Settles Federal Trade Commi (Federal Trade Commission)
Submitted by Robbie McBeath on Fri, 03/16/2018 - 11:36FTC and FCC to Host Joint Policy Forum and Consumer Expo to Fight the Scourge of Illegal Robocalls (Federal Trade Commission)
Submitted by Robbie McBeath on Wed, 03/07/2018 - 10:36FTC Celebrates 20th Anniversary of National Consumer Protection Week (Federal Trade Commission)
Submitted by Robbie McBeath on Thu, 03/01/2018 - 16:09FTC Releases Annual Summary of Complaints Reported by Consumers (Federal Trade Commission)
Submitted by Robbie McBeath on Thu, 03/01/2018 - 16:08
PayPal Settles FTC Charges that Venmo Failed to Disclose Information to Consumers About the Ability to Transfer Funds and Privacy Settings
The Federal Trade Commission has reached a settlement with PayPal 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 transactions were still subject to review and that funds could be frozen or removed. In its complaint, the FTC also charges that Venmo misled consumers about the extent to which they could control the privacy of their transactions.