FTC Sues Cash Advance App, India’s Digital Transformation, and Australia’s Proposed Social Media Ban

Introduction:

Welcome to Fair Monday! We know Mondays can be a bit rough, so we created Fair Monday to bring you weekly insights and resources on dark patterns and digital fairness. Each Monday, we share updates on the latest developments, helping you stay informed and empowered to create a fairer, more transparent digital space.

This Week's Highlights:

1. FTC Sues Cash Advance App Dave Over Deceptive Practices
   On November 5, 2024, the FTC filed a complaint against cash advance app Dave, alleging violations of consumer protection laws. Key accusations include:
   ➡ Promising no-cost advances up to $500, while delivering smaller amounts accessible only through undisclosed "Express Fees."
   ➡ Misleading “tip” fees presented as charitable donations, with most of the revenue retained by the company.
   ➡ A $1 monthly membership fee that was difficult to cancel due to unclear disclosures, leading to surprise deductions.
   
   The FTC argues these practices exploit financially vulnerable users, emphasizing the need for transparency in financial services. Read more‍
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2. Digital India Act 2024: A Modern Framework for Digital Security
   The draft Digital India Act (DIA) seeks to replace the outdated Information Technology Act and establish a forward-looking legal framework. Highlights include:
   ➡ Regulations for emerging tech like 5G, IoT, cryptocurrency, and AI.
   ➡ Holding social media platforms accountable for misinformation.
   ➡ Emphasis on cybersecurity, privacy, and digital literacy to empower professionals in key sectors like healthcare and education.
   
   This landmark legislation aims to position India as a global leader in digital security and innovation. Read more‍
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3. Australia Proposes Social Media Ban for Kids Under 16
   On November 7, 2024, Australian Prime Minister Anthony Albanese introduced legislation to ban children under 16 from accessing social media platforms. Key provisions include:
   ➡ Mandatory age verification for platforms like Instagram, TikTok, and YouTube.
   ➡ Significant fines for non-compliance.
   
   While the policy aims to protect youth mental health, it has sparked debate:
   ➡ Meta proposes app store-based age checks and parental consent as an alternative.
   ➡ Experts warn the ban may limit access to essential educational and recreational resources online. Read more

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Conclusion:

From the FTC’s legal action against deceptive financial apps to India’s forward-thinking Digital India Act and Australia’s controversial social media ban, this week’s updates highlight the global push for transparency, fairness, and digital safety.

At Fairpatterns, we’re committed to empowering organizations to eliminate manipulative practices and embrace ethical design, fostering trust and compliance in an ever-evolving digital world.

Let’s continue working together to build a more transparent and user-focused digital landscape. Have a fantastic week with Fair Monday!