The European Union is reportedly preparing penalties against X that include a fine and demands for changes to the platform. The penalties are expected to be announced this summer and would be the first issued under the EU’s Digital Services Act, which requires companies to police their platforms...
Meta says it will fight a $831 million fine levied against the tech giant by the European Union. A company spokesperson told Bloomberg News on Wednesday (Jan. 29) that Meta was appealing the fine. The penalty came after the EU alleged that Meta was tapping...
Google has reportedly been ordered by Indonesia’s antitrust agency to pay fines of 202 billion rupiah (about $12.4 million) for alleged unfair business practices. The agency found that the company abused its dominant position by threatening to remove app developers from its Google Play app store...
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 alleged the company violated Bank Secrecy Act (BSA) and anti-money laundering (AML) laws. The enforcement action centered on Block’s mobile...
October 03, 2022
The Securities and Exchange Commission’s celebrity crypto touting campaign reached the A-list on Monday (Oct. 3), as Kim Kardashian agreed to a $1.26 million fine. She also “disgorged” $260,000, including her $250,000 fee, plus interest. The case revolved around an all-caps Instagram post the influencer and entrepreneur, who has a net worth of $1.8 billion […]
February 10, 2020
The jousting over eCommerce taxes — especially for U.S. firms operating on an international scale — is about to get more heated. Last week in India, the government proposed a...
March 29, 2019
Pushed? Jumped ? The speculation begins and runs rampant as Timothy Sloan steps down from Wells Fargo’s helm – and yes, shares popped. In the meantime, the bank still will...
April 18, 2025
The Federal Deposit Insurance Corp. (FDIC) and the Federal Reserve Board fined Discover Financial Services and two subsidiaries, Discover Bank and DFS Services LLC, alleging that they misclassified consumer credit cards as commercial, thereby requiring merchants to pay higher interchange fees. The FDIC said Wednesday (April 16) that it ordered Discover Bank to pay $1.225 billion in restitution and a […]
April 04, 2025
The European Union is reportedly preparing penalties against X that include a fine and demands for changes to the platform. The penalties are expected to be announced this summer and would be...
January 29, 2025
Meta says it will fight a $831 million fine levied against the tech giant by the European Union. A company spokesperson told Bloomberg News on Wednesday (Jan. 29) that Meta...
January 21, 2025
Google has reportedly been ordered by Indonesia’s antitrust agency to pay fines of 202 billion rupiah (about $12.4 million) for alleged unfair business practices. The agency found that the company...
