The federal Commodities Figure Trading Commission (CFTC) filed civil charges against an Ohio man and his three companies, alleging he perpetuated a digital asset trading scam much like a “Ponzi scheme” that bilked would-be investors of at least $12 million. Get the Full Story Complete...
The Federal Trade Commission (FTC) is sending over $9.7 million in payments to 61,990 customers who the FTC said were charged hidden fees from LendingClub, an FTC press release said. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Investors will be allowed to pursue some of their claims against Robinhood Markets Inc. stemming from a 2021 GameStop frenzy, a federal judge in Miami ruled, according to Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Saying financial companies that fail to safeguard consumer data may be violating federal law, the Consumer Financial Protection Bureau (CFPB) has published guidance on the matter to other enforcement agencies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
In what is its first investigation into cryptocurrency markets, the Federal Trade Commission (FTC) is looking into the Bitmark currency exchange over the December 2021 hack that cost consumers $200 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
India’s central bank has issued new guidelines designed to add oversight to digital lending apps and the lenders who work with them. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
The Consumer Financial Protection Bureau (CFPB) is warning digital marketing companies working with financial firms that they must comply with federal law. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
A faulty algorithm caused overdraft penalties for automated savings withdrawals for customers of Hello Digit and it has neglected to make good on promises, the Consumer Financial Protection Bureau (CFPB) said in an enforcement action on Wednesday (Aug. 10). Get the Full Story Complete the...
Global business payments company FleetCor has announced that it will appeal the ruling in a case involving the company’s fuel card business in the U.S. brought by the U.S. Federal Trade Commission (FTC). Get the Full Story Complete the form to unlock this article and...
