The FTC aims to hold CLIQ accountable for alleged non-compliance.
Highlights:
- FTC files contempt motion against CLIQ for ignoring directives.
- CLIQ reportedly failed to comply with a 2022 order.
- If found in contempt, CLIQ could face substantial legal penalties.
The Federal Trade Commission (FTC) has filed a motion in court to hold payment processor CLIQ in contempt for not following a 2022 order.
The order aimed to address consumer protection issues and imposed specific compliance actions that CLIQ allegedly ignored.
If the court rules in favor of the FTC, CLIQ could face significant legal consequences, adding pressure on the company to comply with regulatory standards.
This action underscores the FTC’s commitment to ensuring payment processors adhere to regulations and protect consumers.
