Sections
settlement
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571FacebookFacebook Settlement Held Back By Gov’t Panel Split
With a reported split between the Democrats and Republicans on the Federal Trade Commission (FTC), an anticipated settlement between Facebook and federal...
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1.1KB2B PaymentsBlockchain Hits The Road (Literally)
Blockchain is hitting the road as Honda and GM link on a project tied to electric vehicles and smart grids. Separately, South...
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1.5KLegalAllied Wallet Settles With FTC Over Fraudulent Payment Allegations
Payment company Allied Wallet and its owner, Ahmad Khawaja, as well as two officers, Mohammad Diab and Amy Rountree, have settled with...
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2.9KBlockchainA Group Of Banks Are Developing A Blockchain Settlement System
A slew of banks, including some of the largest in the world, are working together to develop a digital cash system that...
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2.0KFacebookFacebook Could Face 20-Year Government Oversight As Part Of Settlement
Facebook could face two decades of oversight as part of an agreement with the U.S. government. According to a report in Reuters...
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1.4KBankingFed Seeks Comment On New Operating Hours For Fedwire Funds
The Federal Reserve has released a request for comment on potential changes to its National Settlement Service (NSS) and Fedwire Funds Service,...
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2.2KEarningsMoneyGram’s Q1 Slide Overshadows Digital Growth
MoneyGram shares were pummeled in intraday trading on the heels of reporting results that lagged expectations and showed the lingering impact of...
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1.5KB2B PaymentsHertz Sues Former Execs Following SEC Settlement
Rental car company Hertz is suing some of its former executives after a $16 million settlement of financial accounting violations with the U.S....
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1.3KFacebookSenators Oppose FTC/Facebook Settlement
Two U.S. senators have spoken out against a reported settlement between the Federal Trade Commission (FTC) and Facebook related to the Cambridge...
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2.0KFacebookFTC Split On Size, Scope Of Facebook Fine
With Facebook and the Federal Trade Commission in the final stages of settlement talks, disagreements between the five-member FTC panel are complicating...
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1.7KFacebookFacebook To Create Privacy Committee As Part Of FTC Settlement
Facebook is in discussions with the Federal Trade Commission over a settlement that would include appointing privacy-focused executives in the C-suite. Politico,...
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2.8KB2B PaymentsB2B Payments Energized (Literally) Across Borders
In Thailand, the biggest company — one that stakes its claim on petroleum — is boosting its cross-border efforts through a pact...
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3.2KLegalApple’s Settlement With Qualcomm May Have Cost As Much As $6 Billion
The legal battle between Apple and Qualcomm is over, and UBS is estimating the iPhone maker paid Qualcomm in the neighborhood of...
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2.6KAppleWith Apple Patent Dispute Over, Qualcomm Stock Surges
After winning a major victory in its legal dispute with Apple, Qualcomm saw its shares surge 23 percent for its biggest gain in...
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6.1KBankingWells Fargo Reaches $240M Settlement For Fake Accounts
Wells Fargo has reached a $240 million settlement with U.S. shareholders over the scandal involving its bank employees opening up millions of unauthorized...
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2.9KLegalSEC Says Musk Violated Settlement With Recent Tesla Tweet
The U.S. Securities and Exchange Commission is going after Tesla Chief Executive Elon Musk, preparing to pursue a contempt order over what...
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2.6KFacebookFacebook-FTC Row Could Produce Record Fine
Facebook is set to face a record-setting fine imposed by the Federal Trade Commission (FTC). Sources have told The Wall Street Journal that the...
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4.0KCFPBCFPB, Payday Lenders Settle
The Consumer Financial Protection Bureau, the government watchdog agency, settled with a handful of payday lenders over alleged violations of the Consumer...
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4.0KLegalWalgreens Agrees To $60M Settlement For Overpriced Prescriptions
Walgreens has agreed to pay $60 million to settle allegations that it overcharged government healthcare plans for prescription drugs. The settlement, which...
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4.9KRetailSignet Jewelers To Pay $11M After Creating Fake Accounts
According to a settlement that was signed with a wholly owned subsidiary, Signet Jewelers Ltd. is to pay federal and state regulators penalties of...
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3.2KSecurity & FraudNeiman Marcus Agrees To Pay $1.5M To Settle Payment Card Breach
The Maryland Attorney General Brian Frosh announced Tuesday (Jan. 8) that his office, as well as 42 other state attorney generals, have settled...
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4.0KRegulationBCFP, USAA Settle After Payment Violations
The Consumer Financial Protection Bureau (CFPB) announced on Thursday (Jan. 3) that it had reached a settlement with USAA Federal Savings Bank...
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6.3KSecurity & FraudEquifax Settles With NY AG Over App Security
The Office of the New York State Attorney General Barbara Underwood announced late last week it reached settlements with five companies whose...
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4.5KSecurity & FraudAriseBank To Pay $2.3M Over ICO Violations
AriseBank, a startup that ran afoul of regulators in the U.S. with its initial coin offering (ICO), agreed to pay $2.3 million,...
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2.4KLegalSEC Chairman Says Tesla Case Is Settled Despite Musk Tweet
Despite Tesla Chief Executive Elon Musk’s early October tweet in which he called the Securities and Exchange Commission (SEC) the “Shortseller Enrichment...
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2.9KLegalSociété Générale Fined $1.34B For Violating US Sanctions
Société Générale S.A. of Paris, France has agreed to pay U.S. federal and state authorities $1.34 billion to resolve legal disputes due...
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5.5KSecurity & FraudMoneyGram Settles With FTC For $125M
The Federal Trade Commission (FTC) said on Thursday (Nov. 8) that MoneyGram will pay $125 million in penalties after having violated a six-year-old...
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4.9KGoogleGoogle Search Case Could Impact Class-Action Payouts
A case involving Google Search could change the way that class-action settlements are paid out, assuming the U.S. Supreme Court comes through...
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5.0KCFPBCFPB, Payday Lender Cash Express Settle Lawsuit
The Consumer Financial Protection Bureau (CFPB) has announced a settlement with payday lender Cash Express, which will pay approximately $32,000 in restitution...
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5.4KSecurity & FraudUber Agrees To Pay $145M Fine To Settle Data Breach Lawsuit
California Attorney General Xavier Becerra and San Francisco District Attorney George Gascón announced on Wednesday (Sept. 26) that they have reached a...
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6.7KBankingCitibank Agrees To Settle SEC ‘Dark Pool’ Claims For $12M
To settle allegations involving its premium “dark pool” called Citi Match, Citigroup will pay more than $12 million in “disgorgement and penalties.”...
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3.0KRetailToys R Us Settles With Creditors To Complete Bankruptcy
Toys R Us has come to a settlement agreement with some groups of creditors, including vendors, to resolve its disputes related to...
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5.3KLegalVisa, Mastercard May Reach Settlement In Card Swipe Fee Suit
More than a decade after merchants brought a class-action suit against Mastercard, Visa and card-issuing banks in 2005, a settlement between the...
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3.3KB2B PaymentsIn The Blockchain Race, FIs Hustle Not To Come In Last
The Bank of England caught the financial services world’s attention when its Governor, Mark Carney, spoke about the central bank’s latest initiative...
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5.5KBank RegulationWells Fargo Receives Approval To Settle $142M Suit
After receiving preliminary approval for a settlement last July, Wells Fargo said that it has received final approval from a California court...
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4.5KRidesharingBenchmark Lawsuit Against Kalanick Officially Over
The lawsuit launched against former Uber CEO Travis Kalanick by investor Benchmark is officially over. According to a report in Recode, a...
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3.9KRegulationMulvaney Puts Wells Fargo’s Fines On Ice – For Now
The Consumer Financial Protection Bureau’s new interim head, Mick Mulvaney, is looking at Wells Fargo’s case to see if it should be...
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6.6KSecurity & FraudWells Fargo Settles With SEC Over AML Reporting
Wells Fargo Advisors and the Securities and Exchange Commission (SEC) reached a settlement this week resolving charges that the bank dropped the...
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5.8KSecurity & FraudHilton Settles Data Breach Suit for $700,000
The attorney general of New York announced a settlement with Hilton over the exposure of hundreds of thousands of credit card details,...
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2.8KSecurity & FraudWells Fargo CEO Bullish On The Future
Tim Sloan, Wells Fargo’s chief executive officer, believes the embattled bank will recover the growth it lost from its fake account scandal....
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6.3KLegalYelp Says Google Is Still Scraping
Yelp, the online reviews company, is reportedly claiming that Google is going back on a promise made as part of a settlement...
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3.8KSecurity & FraudAshley Madison Data Breach Victims To Receive $11.2 Million
Two years after its tumultuous and massive data breach exposing millions of its users’ data to the public, the controversial Ashley Madison...
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5.4KSecurity & FraudFTC Announces NetSpend Is Refunding Customers As Part Of A Settlement
The Federal Trade Commission announced Thursday (June 15) that NetSpend, the operator of a debit card, is providing refunds to settle charges...
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4.8KNewsWells Fargo Expands Class-Action Settlement To Customers From May 2002
Wells Fargo & Company announced Friday (April 21) it is expanding its class-action settlement over its fake account scandal to include any...
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5.6KSecurity & FraudNetspend Agrees To Settle FTC Allegations
After a lengthy legal process with the Federal Trade Commission (FTC), the Netspend Corporation has come to an agreement. The company, which...
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4.3KLegalSantander To Pay $25M To Resolve Auto Loan Allegations
Santander Consumer USA Holdings Inc, a unit of Spain’s Banco Santander, will pay nearly $25 million to two U.S. states — $22 million...
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3.6KRetailUber Will Pay $20M Fine For Drivers’ Earnings
Taxi-hailing app Uber Technologies is paying $20 million in a settlement with the U.S. government over charges it exaggerated potential earnings when...
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Amazon Fined $1.1M For List Price Issue
Amazon is now on the hook to pay a $1.1 million fine to Canada’s Competition Bureau. The fine is part of a...
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4.1KBankingWells Fargo’s Latest Legal Settlement
Embattled bank Wells Fargo has entered a settlement through which the firm will pay as much as $50 million tied to a...
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4.7KB2B PaymentsBanks Take Blockchain To Task With Settlement Coin
Several major banks that have been exploring the use of blockchain are readying a test of a digital coin to settle transactions....
