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FTC sealMany of the most popular mobile shopping apps lack key disclosures to consumers, such as how the apps manage payment-related disputes or handle consumer data, according to a new report from the Federal Trade Commission (FTC). The report examined 121 apps used by consumers to comparison shop, collect and redeem deals and discounts, and pay in-store with their mobile devices. The findings followed a 2012 FTC workshop that raised concerns about consumers’ potential financial liability — as well as the privacy and security of their data — when using mobile payment services. “Consumers should not be left in the dark about their potential liability for erroneous or unauthorized charges or about the way shopping apps handle their data,” said Jessica Rich, director of the FTC’s Bureau of Consumer Protection. A complete summary of the report is available at the link below. Read more.

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