With a move that could stop their American operations, the U.S. Federal Communications Commission (FCC) produced show cause orders for three Chinese communication companies. The firms are China Unicom Americas, China Telecom Americas, Pacific Networks Corp and its subsidiary ComNet (USA) LLC, Reuters reported. Get the...
Ripple announced on Tuesday (April 21) that it is filing a lawsuit against YouTube, alleging that the popular video platform isn’t doing its due diligence to identify and remove crypto-related scams, according to a company blog post. Get the Full Story Complete the form to...
Progressive Leasing will pay $175 million to settle charges with the Federal Trade Commission (FTC) that its policies were misleading to customers, according to an April 20 release by the FTC. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Separate class-action lawsuits were filed against Wells Fargo, Frost Bank, JPMorgan Chase, US Bancorp and Bank of America, alleging that the financial institutions (FIs) unlawfully prioritized their own business customers when processing coronavirus stimulus loans from the government’s Paycheck Protection Program (PPP). Get the Full...
A Rhode Island company is facing allegations of falsely claiming to be an authorized lender for the Small Business Association’s (SBA) Paycheck Protection Program (PPP). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
The Consumer Financial Protection Bureau (CFPB) has made it easier for people to access stimulus CARES Act funds by removing some of the legal barriers barring banks from issuing the payments through prepaid accounts, according to a press release. Get the Full Story Complete the...
Wells Fargo is getting a break thanks to the COVID-19 pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing...
Investor Michael Drieu is leading a class action lawsuit against Zoom Video Communications Inc. alleging the California company’s video conferencing app has security bugs. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
A Manhattan court denied Goldman Sachs Group’s appeal to dismiss a class-action lawsuit that accuses the investment bank of hiding information when it created subprime securities prior to the Great Recession, according to a report in Reuters. Get the Full Story Complete the form to...
