Yesterday, the Federal Trade Commission (FTC) moved to dismiss its long-running enforcement action against Electronic Payment Solutions (EPS) pending in the District of Arizona after the Commission voted 4-0 to approve a...more
In recent years, payment processors and other financial intermediaries have faced heightened scrutiny from regulatory agencies, including the Federal Trade Commission, for their relationships with companies engaged in...more
5/4/2022
/ Banking Sector ,
Banks ,
Best Practices ,
Due Diligence ,
Enforcement Actions ,
Failure to Monitor ,
Federal Trade Commission (FTC) ,
Financial Institutions ,
Financial Services Industry ,
Fraud ,
Payment Processors ,
Regulatory Requirements ,
Risk Mitigation ,
Webinars
A few weeks ago, we wrote an article discussing two enforcement actions by the Federal Trade Commission in the Central and Southern Districts of California that highlighted the risks to payment processors and financial...more
4/14/2022
/ Aiding and Abetting ,
Breach of Duty ,
Criminal Conspiracy ,
Enforcement ,
Enforcement Actions ,
Federal Trade Commission (FTC) ,
Financial Institutions ,
Fraud ,
Payment Processors ,
Receivership ,
Unfair Competition Law (UCL) ,
Wells Fargo