The Federal Trade Commission (FTC) says it has ordered personal finance company Credit Karma to pay a $3 million penalty for telling consumers they were pre-approved for credit cards for which they were not actually qualified. Get the Full Story Complete the form to unlock...
Washington, D.C. is suing technology executive Michael J. Saylor and data tracking company MicroStrategy — which Saylor co-founded — alleging that Saylor evaded D.C. income taxes while living in the district and that the company conspired to help him do so. Get the Full Story...
The New York Council of Defense Lawyers (NYCDL) is arguing that federal prosecutors are overreaching in the case of a former Open Sea employee accused of carrying out an insider trading scheme involving non-fungible tokens (NFTs). Get the Full Story Complete the form to unlock...
Money transfer service Wise has been fined $360,000 in Abu Dhabi for violating anti-money laundering (AML) regulations. 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...
Walmart on Monday (Aug. 29) asked a federal court to dismiss a Federal Trade Commission lawsuit against the retailer, calling the case “an egregious instance of agency overreach.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
A class action was filed against mobile payments company Cash App Investing and its parent Block over “negligent” behavior related to the December 2021 data breach that allegedly compromised the personal information of 8.2 million former and current users. Get the Full Story Complete the form...
Billionaire Mark Cuban is being sued over allegations that he misled investors to put money into now-bankrupt crypto lender Voyager Digital, a class-action lawsuit filed in Miami states, calling the platform “a massive Ponzi scheme.” Get the Full Story Complete the form to unlock this...
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...
