Facebook may face a record-setting multi-billion-dollar fine from the FTC

The Washington Post is reporting that Facebook’s row with the FTC could result in fines an order of magnitude larger than any levied against a tech company by the regulatory body before. While the talks appear to be ongoing, The Washington Post spoke with two people familiar with the situation who said the FTC is […]

Romance scams cost more money than any other type of consumer fraud, says the Federal Trade Commission

The Federal Trade Commission has released data that shows romance scams cost more money than other types of consumer fraud reported to the agency last year—and the problem is getting worse. Romance scammers target people through dating sites and apps or social media, often using fake profiles and sob stories to convince victims to send […]

Facebook fears no FTC fine

Reports emerged today that the FTC is considering a fine against Facebook that would be the largest ever from the agency. Even if it were ten times the size of the largest, a $22.5 million bill sent to Google in 2012, the company would basically laugh it off. Facebook is made of money. But the […]