settlement

Facebook Could Face 20-Year Government Oversight As Part Of Settlement
Facebook Could Face 20-Year Government Oversight As Part Of Settlement
May 14, 2019  |  Facebook

Facebook could face two decades of oversight as part of an agreement with the U.S. government. According to a report in Reuters citing a source...

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Fed Seeks Comment On New Operating Hours For Fedwire Funds
Fed Seeks Comment On New Operating Hours For Fedwire Funds
May 10, 2019  |  Banking

The Federal Reserve has released a request for comment on potential changes to its National Settlement Service (NSS) and Fedwire Funds Service, as well as...

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MoneyGram’s Q1 Slide Overshadows Digital Growth
MoneyGram’s Q1 Slide Overshadows Digital Growth
May 08, 2019  |  Earnings

MoneyGram shares were pummeled in intraday trading on the heels of reporting results that lagged expectations and showed the lingering impact of an ongoing restructuring...

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Hertz Sues Former Execs Following SEC Settlement
Hertz Sues Former Execs Following SEC Settlement
May 08, 2019  |  B2B Payments

Rental car company Hertz is suing some of its former executives after a $16 million settlement of financial accounting violations with the U.S. Securities and Exchange...

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Senators Oppose FTC/Facebook Settlement
Senators Oppose FTC/Facebook Settlement
May 07, 2019  |  Facebook

Two U.S. senators have spoken out against a reported settlement between the Federal Trade Commission (FTC) and Facebook related to the Cambridge Analytica scandal. In...

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FTC Split On Size, Scope Of Facebook Fine
FTC Split On Size, Scope Of Facebook Fine
May 05, 2019  |  Facebook

With Facebook and the Federal Trade Commission in the final stages of settlement talks, disagreements between the five-member FTC panel are complicating the discussions. The...

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Facebook To Create Privacy Committee As Part Of FTC Settlement
Facebook To Create Privacy Committee As Part Of FTC Settlement
May 02, 2019  |  Facebook

Facebook is in discussions with the Federal Trade Commission over a settlement that would include appointing privacy-focused executives in the C-suite. Politico, citing sources close...

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B2B Payments Energized (Literally) Across Borders
B2B Payments Energized (Literally) Across Borders
April 25, 2019  |  B2B Payments

In Thailand, the biggest company — one that stakes its claim on petroleum — is boosting its cross-border efforts through a pact with Ripple, focused...

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Apple’s Settlement With Qualcomm May Have Cost As Much As $6 Billion
Apple’s Settlement With Qualcomm May Have Cost As Much As $6 Billion
April 18, 2019  |  Legal

The legal battle between Apple and Qualcomm is over, and UBS is estimating the iPhone maker paid Qualcomm in the neighborhood of between $5 billion...

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