PNC Financial Services Group has filed a lawsuit against Plaid in U.S. District Court in Pennslyvania alleging trademark counterfeiting, trademark infringement, false advertising and other wrongdoing for reputedly using PNC’s name and logo in Plaid apps. Get the Full Story Complete the form to unlock this...
The Consumer Financial Protection Bureau (CFPB) has settled with student loan servicers Discover Bank, The Student Loan Corporation and Discover Products (collectively Discover) in a 2015 case for unlawful practices, and Discover will have to pay $10 million in customer redress, a press release says....
Santander Consumer USA was ordered to pay $4.7 million to the Consumer Financial Protection Bureau (CFPB) for violating the Fair Credit Reporting Act (FCRA), the CFPB said in a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
While Facebook has said it is open to liability reform that would make websites more accountable for posted content, smaller players are concerned that they wouldn’t be able to afford the costs of expanded liability. Get the Full Story Complete the form to unlock this...
The U.S. government sued Walmart Tuesday (Dec. 22), claiming that the retail giant exacerbated the country’s opioid crisis by not sufficiently keeping watch for suspect prescriptions despite warnings by its own pharmacists about the problem, The Wall Street Journal reported. Get the Full Story Complete...
The U.S. Securities & Exchange Commission (SEC) has filed action against Ripple over allegedly conducting a $1.3 billion unregistered securities offering, Reuters reported on Tuesday (Dec. 22). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The U.S. Federal Reserve ordered Credit Suisse to boost its anti-money laundering (AML) policies, citing shortcomings in its U.S. operations, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Robinhood CEO Vlad Tenev told CNBC on Monday (Dec. 21) that his company is focusing on compliance in the wake of a settlement with the U.S. Securities and Exchange Commission (SEC) over allegations that it misled investors. Get the Full Story Complete the form to...
Facebook and Google are facing an array of antitrust lawsuits along with investigations by regulators in the U.S. and in Europe. Google has been hit by an antitrust lawsuit filed by a coalition of 38 state attorneys general, for example, while Facebook faces an antitrust...