Congress Watch Rockefeller’s PTO Victory Senator Commerce Committee Chairman Rockefeller’s war against post-transaction offers (PTO) ended in victory with President Obama signing the Restore Online Shoppers Confidence Act. Rockefeller had largely achieved victory long before then as both Visa and MasterCard implemented new rules for PTOs. More Info: Senate Report Bill…
FCC Chair GenachowskiDefies GOP on Net Neutrality The Federal Communications Commission (“FCC”) has suffered a string a setbacks on net neutrality this year. In April, the D.C. Circuit ruled the FCC lacked authority for the net neutrality principles adopted by the Bush FCC and therefore the Obama FCC lacked authority for its more comprehensive regulatory…
Senate Commerce Committee Chairman Jay Rockefeller released the report of his Committee’s investigation into post-transaction web offers which found that consumers often do not know these companies have their credit card numbers until they start seeing charges on their bank statements while 88 e-commerce companies have made over $1 million by partnering with Affinion, Vertrue, and Webloyalty
Cyber Report 