NEW YORK — Walmart filed a motion on Monday to dismiss a Federal Trade Commission lawsuit that accuses the nation’s largest retailer of allowing its money-transfer services to be used by scam artists.The FTC alleges in its lawsuit that for years, Walmart failed to properly secure the money-transfer services offered at its stores, stealing “hundreds of millions of dollars” from customers.
Walmart argued that the agency is trying to contort a regulation called the Telemarketing Sales Rule that was aimed to go after telemarketers and those who actively help them, of which Walmart is neither. The retailer also took issue with the FTC’s claim that Walmart allegedly engaged in an “unfair” act or practice, or any ongoing or imminent misconduct under Section 5 of the FTC Act.
Walmart stores let shoppers to transfer money using three providers — MoneyGram, Ria Financial Services, and Western Union Co.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FTC sues data broker for letting people track health clinic visitorsThe agency promised a crackdown last month. 😇😆 Was there actually any abortion clinic tracking that occurred with this service? Or was abortion mentioned for scare/political purposes?
Source: verge - 🏆 94. / 67 Read more »
FTC Sues Idaho Company for Selling Sensitive Tracking DataThe FTC filed a lawsuit against data broker Kochava, saying the Idaho company sold geolocation data from millions of mobile devices that could be used to trace people to abortion clinics, addiction recovery facilities and other sensitive locations
Source: WSJ - 🏆 98. / 63 Read more »
FTC Says Data Broker Let Anyone Track Millions of Americans for FreeAgency commissioners voted 4-1 to sue a geo-location broker, alleging its product could make tracking patients and survivors very easy.
Source: Gizmodo - 🏆 556. / 51 Read more »
The Fall of Roe Finally Prompts the FTC to Protect Our Location DataThe Federal Trade Commission is suing a data broker for selling location data that could track people going to sensitive locations, like abortion clinics.
Source: Jezebel - 🏆 153. / 63 Read more »
FTC sues company for selling identifiable location data, including abortion clinic visits | EngadgetFTC sues company for selling identifiable location data, including abortion clinic visits
Source: engadget - 🏆 276. / 63 Read more »
Student loan relief means opportunity for scammers to take advantageICYMI: After President Biden announced his plan for student loan relief Wednesday, the Federal Trade Commission (FTC) is warning consumers about potential scams.
Source: wjxt4 - 🏆 246. / 63 Read more »