fines

Apple Fined Again in Dutch Dating App Case
Apple Fined Again in Dutch Dating App Case
February 14, 2022  |  ANTITRUST

Dutch antitrust regulators have levied a new 5 million euro ($5.6 million) fine against Apple over an order to open up app payments for dating...

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Google Sues South Korea’s Regulator to Reverse Antitrust Fine
Google Sues South Korea’s Regulator to Reverse Antitrust Fine
February 11, 2022  |  ANTITRUST

Google is asking a judge to reverse the fine it received last year from South Korea’s competition regulator after the tech giant tried to force...

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Elevate Credit Ordered to Pay $3.3M for Predatory Lending Practices
Elevate Credit Ordered to Pay $3.3M for Predatory Lending Practices
February 10, 2022  |  Legal

Elevate Credit agreed to pay a minimum of $3.3 million for charging people interest rates above the 24% maximum allowed by Washington, D.C for loans...

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Mastercard Hit with £31.5M Fine for Running Pre-Paid Card Ring
Mastercard Hit with £31.5M Fine for Running Pre-Paid Card Ring
January 18, 2022  |  Mastercard

Mastercard and four other companies were fined a total of £33 million ($45.01 million) for their practices involving prepaid cards, with Mastercard being hit with...

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China Fines Tencent, Alibaba For Failing to Report Deals 
China Fines Tencent, Alibaba For Failing to Report Deals 
January 05, 2022  |  ANTITRUST

China’s market regulator has fined Alibaba, Tencent Holdings and Bilibili Inc. for failing to properly report several deals.   As Reuters reported Tuesday (Jan. 4), the...

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‘Failings’ in HSBC Bank’s AML System Lead to $84M Fine
‘Failings’ in HSBC Bank’s AML System Lead to $84M Fine
December 17, 2021  |  Regulation

The U.K.’s Financial Conduct Authority (FCA) has fined HSBC Bank £63,946,800 ($84.7 million) for “failings” in its anti-money laundering (AML) system. The FCA reported the...

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Europe’s Battle to Curb Big Tech’s Power Continues With More Fines
Europe’s Battle to Curb Big Tech’s Power Continues With More Fines
December 10, 2021  |  Big Tech

It’s been another week of heavy fines and warnings aimed at curbing Big Tech’s power in the European Union (EU) and across Europe. Earlier this...

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Amazon Plans Appeal Following $1.3B Fine in Italian Antitrust Case
Amazon Plans Appeal Following $1.3B Fine in Italian Antitrust Case
December 09, 2021  |  Amazon

Amazon said it would appeal a $1.3 billion fine from Italy’s antitrust regulator after the eCommerce giant was found to favor third-party sellers that use...

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Italian Antitrust Authority Fines Amazon and Apple $225M+
Italian Antitrust Authority Fines Amazon and Apple $225M+
November 23, 2021  |  ANTITRUST

Italy’s antitrust authority fined Amazon.com and Apple, Inc., more than 200 million euros ($225 million) for alleged anti-competitive cooperation related to the sales of Apple...

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