FIL-43-2014 August 4, 2014 FDIC Announces Youth Savings Pilot Program Summary: FDIC-insured institutions are invited to apply and participate in the FDIC’s Youth Savings Pilot Program, which seeks to identify and highlight promising approaches to offering financial education tied to the opening of safe, low-cost savings accounts for school-aged children. The first phase of […]
Monthly Archives: August 2014
Staff Report on Mobile Shopping Apps Found Disclosures to Consumers Are Lacking
A new staff report issued by the Federal Trade Commission finds that many mobile apps for use in shopping do not provide consumers with important information – such as how the apps manage payment-related disputes or handle consumer data – prior to download. The report, “What’s the Deal? An FTC Study on Mobile Shopping Apps,” […]
FTC Charges Payment Processors Involved in I Works Scheme
The Federal Trade Commission has charged seven defendants with illegally processing credit card payments on behalf of a massive Internet scam that allegedly bilked millions of dollars from consumers by repeatedly charging them for “trial” memberships they never ordered. Three of the defendants have agreed to settle the FTC’s charges. According to a complaint filed […]
FTC Requests Public Comment on SCI’s Application to Approve Sale of Two Cemeteries in Knoxville, Tennessee to Alliance Funeral Group, Incorporated
The Federal Trade Commission is currently accepting public comments on an application by Service Corporation International (SCI) to sell certain cemetery assets, as required under the FTC’s April 2014 order settling charges that SCI’s acquisition of Stewart Enterprises, Inc. would likely be anticompetitive. In total, the order requires the combined SCI/Stewart to divest 53 funeral […]