settlements

American Honda Finance to Settle CFPB Allegations of ‘Sloppy’ Credit Reporting
American Honda Finance to Settle CFPB Allegations of ‘Sloppy’ Credit Reporting
January 17, 2025  |  Regulation

American Honda Finance Corporation (AHFC) reached an agreement with the Consumer Financial Protection Bureau (CFPB) to settle the regulator’s allegations that the company reported inaccurate information...

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Wells Fargo and Merrill Lynch Settle SEC Charges Involving Cash Sweeps
Wells Fargo and Merrill Lynch Settle SEC Charges Involving Cash Sweeps
January 17, 2025  |  Bank Regulation

Two Wells Fargo advisory firms and Merrill Lynch have agreed to settle Securities and Exchange Commission (SEC) charges that they violated Advisers Act rules relating to their cash...

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Equifax to Settle CFPB Allegations of Inaccurate Credit Reports
Equifax to Settle CFPB Allegations of Inaccurate Credit Reports
January 17, 2025  |  Regulation

Equifax has agreed to a settlement and consent order that will resolve Consumer Financial Protection Bureau (CFPB) allegations that the consumer reporting agency failed to...

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Block to Pay $80 Million to Settle AML Violation Allegations
Block to Pay $80 Million to Settle AML Violation Allegations
January 15, 2025  |  Regulation

Block has agreed to pay an $80 million fine and undertake corrective actions to resolve a coordinated enforcement action by 48 state financial regulators that...

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FTC Begins Sending Refunds to Victims of Debt Collection Scheme
FTC Begins Sending Refunds to Victims of Debt Collection Scheme
December 10, 2024  |  Legal

The Federal Trade Commission (FTC) is sending over $540,000 in refunds to consumers harmed by a debt collection scheme. Get the Full Story Complete the form...

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FTC Gets $40 Million Settlement in Alleged Unauthorized Billing Scheme
FTC Gets $40 Million Settlement in Alleged Unauthorized Billing Scheme
September 17, 2024  |  Legal

Defendants who allegedly enrolled consumers, without their knowledge, into continuity plans for products they did not buy will forfeit assets valued at $40 million and...

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Update: Judge in Mastercard and Visa Settlement Case Posts 88-Page Opinion
Update: Judge in Mastercard and Visa Settlement Case Posts 88-Page Opinion
July 02, 2024  |  Legal

After three days of sparse quotes and speculation, the New York Eastern District court judge presiding over the latest chapter in the proposed credit card...

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Chime Financial and CFPB Reach Settlement on Delayed Balance Refunds
Chime Financial and CFPB Reach Settlement on Delayed Balance Refunds
May 07, 2024  |  CFPB

Chime Financial will pay at least $1.3 million in redress to consumers and $3.25 million in penalties as part of a settlement with the Consumer Financial Protection...

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Compliance Officers Say Crypto Industry Can Learn From Exchanges’ Settlements
Compliance Officers Say Crypto Industry Can Learn From Exchanges’ Settlements
April 10, 2024  |  Cryptocurrency

The cryptocurrency industry can learn lessons from the settlements three crypto exchanges reached with regulators. Get the Full Story Complete the form to unlock this...

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