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.
The Federal Communications Commission announced that Straight Path Communications and Verizon Communications have paid a civil penalty of over $600 million dollars to the US Treasury in connection with a January 2017 settlement that Straight Path entered into with the Commission’s Enforcement Bureau—prior to the sale and transfer of its licenses to Verizon.
House Commerce Committee Chairman Greg Walden (R-OR) and Communications Subcommittee Chairman Marsha Blackburn (R-TN) released the following statement on the announcement from Federal Communications Commission (FCC) Chairman Ajit Pai on proposed spectrum auctions: "The race to 5G is a sprint, not a marathon, and the proposed spectrum auctions will help ensure the United States remains at the forefront of this emerging technology.
The National Telecommunications and Information Administration (NTIA), in coordination with the Department of Defense (DOD) and other federal agencies, has identified 100 megahertz of spectrum for potential repurposing to spur commercial wireless innovation. This spectrum, the 3450-3550 MHz band, is in the mid-frequency range and could be a key asset in our nation's broadband spectrum inventory.
Reps Ro Khanna (D-CA), Brian Fitzpatrick (R-PA), Anna Eshoo (D-CA), and Ryan Costello (R-PA) introduced a bipartisan bill, the Measuring the Economic Impact of Broadband Act, to require the Bureau of Economic Analysis to conduct a study of the effects of broadband deployment and adoption on the US economy. The legislation empowers policymakers to make more informed decisions about broadband, connecting underserved communities and keeping America competitive in a digital world.
[Press release] The week of Feb 12, the President released the details of his infrastructure plan which will provide Federal funding to help repair and modernize rural infrastructure, including broadband. The President’s plan dedicates $50 billion to rural infrastructure, accounting for 25 percent of all Federal spending in the plan.
The Federal Communications Commission lifted outdated rules related to the payphone industry that are no longer justified as payphone revenues have plummeted due to a changing communications marketplace. The Commission eliminated costly payphone audit requirements as part of an FCC effort to cut unnecessary and wasteful rules so that industry resources can be put to more productive use. Technological and marketplace changes have made these expensive audits unnecessary to ensure that the few remaining providers are compensated fairly.
The Federal Communications Commission proposed to eliminate a broadcast filing requirement and instead rely on publicly available information in its periodic reviews of broadcaster employment practices.
The Federal Communications Commission resolved the remaining petitions for reconsideration of Commission decisions in the February 2017 Mobility Fund Phase II Report and Order. In that Order, the Commission adopted rules to move forward with the MF-II auction, which will provide up to $4.53 billion in high-cost support over 10 years to extend high-speed mobile voice and broadband coverage to unserved and underserved areas across the United States. The Commission received seven petitions for reconsideration of the MF-II Report & Order.
The Federal Communications Commission initiated a proceeding to expand access to spectrum above 95 GHz. This spectrum has long been considered the outermost horizon of the usable spectrum range. Currently, the Commission has no rules to permit licensed or unlicensed communications use above 95 GHz, other than by amateur operators or on an experimental basis.