FTC To Use Light Touch In Mobile Payments Regulation

By Allison Grande (April 26, 2012, 7:58 PM EDT) -- A Federal Trade Commission director said Thursday that the agency would steer away from applying current consumer protection regulations to the emerging world of mobile payments, echoing industry calls to allow this technology to grow organically.

The Fair Credit Billing Act, the Electronic Fund Transfer Act, and other statutes protect consumers against loss, fraud and deception when making credit card, debit card, prepaid card or gift card purchases both in person and electronically, panelists explained during a mobile payments workshop hosted by the FTC.

With mobile payments on the rise, the FTC is continuously examining the privacy, security and disclosure issues...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!