Sections
settlement
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5.1KBankingWells 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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2.5KLegalSEC 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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2.1KFacebookFacebook-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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3.6KCFPBCFPB, 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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3.1KLegalWalgreens 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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3.8KRetailSignet 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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2.9KSecurity & 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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3.5KRegulationBCFP, 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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6.0KSecurity & 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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4.2KSecurity & 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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2.2KLegalSEC 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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2.7KLegalSociété 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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5.1KSecurity & 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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4.3KGoogleGoogle 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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4.6KCFPBCFPB, 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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5.1KSecurity & 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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6.2KBankingCitibank 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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2.7KRetailToys 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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4.9KLegalVisa, 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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3.1KB2B 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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5.2KBank 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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4.3KRidesharingBenchmark 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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3.7KRegulationMulvaney 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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6.4KSecurity & 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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5.7KSecurity & 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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2.7KSecurity & 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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6.2KLegalYelp 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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3.7KSecurity & 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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5.2KSecurity & 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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4.7KNewsWells 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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5.5KSecurity & 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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4.2KLegalSantander 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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Retail
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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4.6KB2B 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....
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7.6KB2B PaymentsThe Hidden Risk Of Inter-Company Accounting
There is another threat to corporations involving their accounting processes, and it comes from within the enterprise. New research from Deloitte says...
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4.7KSecurity & FraudHSBC Settles Legacy Credit Cards Case
HSBC Bank USA has reached an agreement to pay $35 million as part of a settlement with the Office of the Comptroller...
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4.4KNewsOnline Payday Lenders Pay Up Over Deceptive Fees
A duo of payday lenders have settled charges from the Federal Trade Commission (FTC) that they charged consumers in the United States...
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5.5KNewsLifeLock Writes $113M Check To Settle FTC Charges
LifeLock, the identity security company under fire for allegedly not delivering on security promises, has agreed to pay as much as $113...
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News
Target Racks Up Another $39.4M In Data Breach Costs
Retail giant Target is paying $39.4 million in order to satisfy claims that banks and credit unions suffered damages in the wake...
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News
Walmart/Visa $5B Swipe Fee Case May Settle Soon
Retail giant Walmart and payments company Visa are enmeshed in talks with an eye on settling Walmart’s $5 billion lawsuit tied to...
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2.1KNewsHackers Settle $30M SEC Case
Allegations from the Securities and Exchange Commission against Jaspen Capital Partners and its chief executive, Andriy Supranonok, related to a suspected insider...
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860NewsJudge Nixes Proposed Amex-Merchant Settlement
Document sharing between two rival attorneys on a multimillion dollar class action suit between American Express and millions of merchants led a...
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News
Will Scandal Sink Swipe Fee Settlement?
A series of emails between lawyers may have a far-reaching impact on the $6 billion settlement of class-action antitrust claims between payment...
