Penalties news and trends

CFPB Fines Installment Lender OneMain $20 Million for Upsell and Refund Practices
Loans // May 31, 2023

OneMain Financial, a nonbank personal loan installment lender, has been slapped with $20 million in redress and penalties by the Consumer Financial Protection Bureau (CFPB) for alleged deceptive sales practices. The CFPB accused the lender of duping borrowers into purchasing add-on products to receive a...

Google Backs Competitors Amid EU Antitrust Probe
Google // March 18, 2019

In an apparent effort to appease European Union antitrust regulators, Google is attempting to boost rivals like Kelkoo, a French price-comparison service, according to report by Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Chinese Gov’t Blocks Millions From Buying Travel Tix
International // March 05, 2019

Millions of Chinese travelers were banned from buying airline tickets last year because of outstanding social credit offenses. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...

US Regulators Lead Pack In Penalties On Firms And Individuals
Regulation // October 05, 2018

In the rundown of how individual countries rank, in terms of regulators levying fines on people and corporations, the United States tops the list. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Interviews & Exclusives
Max Levchin And Building Truly Honest Finance Products

April 12, 2017
In February 2013, Max Levchin launched Affirm — a point-of-sale (POS) lender that would provide creditworthy millennials, who lacked credit cards and credit scores, the ability to buy and finance items from online sellers at checkout. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content […]

Quick Reads
Report: EU to Announce Digital Services Act Penalties Against X This Summer

April 04, 2025
The European Union is reportedly preparing penalties against X that include a fine and demands for changes to the platform. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you […]

Google Backs Competitors Amid EU Antitrust Probe

March 18, 2019
In an apparent effort to appease European Union antitrust regulators, Google is attempting to boost rivals like Kelkoo, a French price-comparison service, according to report by Reuters. Get the Full...

Chinese Gov’t Blocks Millions From Buying Travel Tix

March 05, 2019
Millions of Chinese travelers were banned from buying airline tickets last year because of outstanding social credit offenses. Get the Full Story Complete the form to unlock this article and...

CFPB Fines Citizens Bank For Pocketing Deposits

August 13, 2015
Citizens Bank has been ordered to pay $18.5 million in penalties tied to regulators’ findings that the lender did not credit consumers with the full amounts of their deposited funds....