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The House Oversight Committee has turned its focus from the Justice Department's Operation Choke Point to FTC investigations that target payment processing firms.
October 3 -
Credit Karma and Fandango have settled charges with the Federal Trade Commission that their mobile applications inadequately protected consumers' payments and other personal data.
August 19 -
Two online payday loan operations in the Kansas City area have been shut down after the CFPB and FTC charged them with bilking more than $36 million from consumers.
September 17
The Federal Trade Commission has ordered two debt sellersSt. Petersburg Florida's Bayview Solutions, LLC and Riverside, California's Cornerstone and Company, LLC to notify customers about alleged disclosures of their personal information.
The agency accused the businesses of posting personal information, including bank account and credit card numbers, online in insecure ways, like on Excel spreadsheets. The FTC said the portfolios of the sensitive information were accessed over 500 times, and that anyone visiting the site, "could access and download the spreadsheets, and use the information to exploit consumers."
A preliminary injunction was filed against Cornerstone on September 10, while Bayview agreed to an injunction on November 3. The injunction requires the companies to strengthen their security measures while also notifying consumers that their information could have been mishandled and abused.
