Civil Penalty news and trends

CFPB Hits Dwolla With $100K Fine Over Data Security Practices

March 03, 2016
CFPB regulation
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CFPB Hits Dwolla With $100K Fine Over Data Security Practices

March 03, 2016
The Consumer Financial Protection Bureau said Wednesday (March 2) that it has taken action against Dwolla, an online payment platform company. The enterprise, said the bureau, deceived consumers about the firm’s data security and the safety of its payment platform. As a result, said the bureau, Dwolla must pay out $100,000 in penalties and endeavor […]