The FTC announced that it would be refunding over $2 million to senior citizens and retirees who purchased finance and health-related newsletters, books, and subscription services published by Agora Financial, LLC, NewMarket...more
Wall Street had another come-to-Jesus day over the troubling recent Covid trends, as surging cases throughout the U.S. and across Europe drove markets to their worst performance since June....more
A California appeals court has affirmed a lower court decision requiring Uber and Lyft to “treat their California drivers as employees, providing them with the benefits and wages they are entitled to under state labor law.”...more
A group of 23 state regulators reached a deal with PayPal Giving Fund (PPGF) to settle allegations that it failed to provide adequate disclosures and information to consumers making donations through the platform. As a...more
Charities- 23 Attorneys General Band Together to Make PayPal’s Charitable Donations Platform More Transparent- A bipartisan coalition of 23 AGs, led by Connecticut AG William Tong and Nebraska AG Doug Peterson, reached...more
The US and China have reportedly reached an initial agreement on the “final terms of a phase one trade deal, moving both countries closer to signing a pact that” the White House originally announced in October and averting...more
This survey summarizes several recent developments affecting bank deposits and payment systems. The U.S. department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) issued new guidance concerning the customer...more
With an estimated 79 million American adults using mobile peer-to-peer (P2P) payment services, such as PayPal's Venmo, Google Pay, and Apple Pay, this technology has revolutionized the way people split dinner tabs or pay...more
More trouble for Wells Fargo, as news emerged yesterday that some employees in the company’s business banking wholesale unit “altered information on documents related to corporate customers” without customers’...more
In This Issue: - PayPal Pays Peer-to-Peer Penalty - Pabst Sub-Brew Accused of Using City Water - FTC Takes Second Swing at Alleged Telemarketing Terror - California DAs Brew Up Cup of Claims - Digital Influencers Pose...more
On February 27, 2018, the Federal Trade Commission (FTC) announced that it had reached an agreement with PayPal to settle allegations that its peer-to-peer payment service, Venmo, engaged in deceptive acts and practices and...more
The Federal Trade Commission (FTC) reached a deal with PayPal, Inc., settling charges that the company violated Section 5 of the Federal Trade Commission Act by misleading consumers about the extent to which they could...more
Privacy is serious business. This was made clear in the Federal Trade Commission’s (FTC) recent announcement that it had settled its complaint against Venmo, PayPal’s peer-to-peer payment service, for misrepresentations to...more
PayPal, the company responsible for the popular mobile payments app, Venmo, recently agreed to voluntarily bolster its privacy and security disclosures—and pay a $175,000 penalty—in response to an enforcement action brought...more
In a July 14, 2015 letter to PayPal, the FTC indicated that consent language buried within a “lengthy user agreement” does not satisfy the requirement under the Telemarketing Sales Rule (TSR) that companies obtain prior...more
Earlier this year, PayPal announced planned changes to its User Agreement that would have, among other things, given the company broad rights to contact people by phone or text messages. The provision stated, in part...more
FTC And Florida AG Team up Against Medical Alert Systems - Together with the Florida Attorney General, the Federal Trade Commission filed suit against Lifewatch for allegedly using deceptive robocalls to urge older...more
June is proving to be a very active month for the US Federal Communications Commission (FCC) in construing the Telephone Consumer Protection Act, including what sorts of consumer interactions are sufficient to meet the...more
The enactment of the Dodd-Frank Act in 2010 created the Consumer Financial Protection Bureau (“CFPB”) and, among other things, vested it with broad authority to enforce prohibitions on unfair, deceptive and abusive acts and...more
Law Seminars International hosted a mobile payments conference in Atlanta, Georgia on May 17th and 18th that featured high profile players such as American Express, PayPal and Starbucks, major bank regulators, and faculty...more