Federal Trade Commission

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.

In a comment provided to the Federal Communications Commission, staff of the Federal Trade Commission responded to the FCC’s request for input on potential mechanisms to address erroneously blocked robocalls, without imposing undue harm on callers and consumers.  In the comment, FTC staff stresses its support for the FCC’s inquiry into this important issue, which requires balancing the “long-overdue progress in developing call-blocking and call-filtering solutions to protect consumers from illegal and unwanted calls,” along with “the interests of subscribers and legitimate callers that coul

Federal Trade Commission Acting Chairman Maureen K. Ohlhausen released a summary of the agency’s major accomplishments one year after being named to lead the agency.

Among the accomplishments: