The Federal Trade Commission has focused some of its recent public statements on technology issues and related enforcement challenges. In this blog post, I provide a recap of those statements, including one before the House Energy and Commerce Subcommittee on Digital Commerce and Consumer Protection.
The FTC gave final approval to the Venmo/PayPal settlement resolving alleged violations of Section 5 of the FTC Act and the Gramm-Leach-Bliley Act’s Privacy and Safeguards Rules. As described in a previous blog post, the FTC alleged that Venmo made a variety of misrepresentations to consumers with respect to the availability of funds, the ability of consumers to control the privacy of their transactions, and its data security practices. Continue reading