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...
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. The European Commission fined the company $2.7 billion two years ago for violating antitrust rules by using its...
Millions of Chinese travelers were banned from buying airline tickets last year because of outstanding social credit offenses. According to the Associated Press, individuals were blocked from buying tickets 17.5 million times last year for such offenses as unpaid taxes and fines. Data from to the...
In the rundown of how individual countries rank, in terms of regulators levying fines on people and corporations, the United States tops the list. That’s according to findings from Duff & Phelps, which through its Global Enforcement Review (done through its compliance and regulatory consulting...
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. Today, Affirm is announcing its one millionth POS loan and celebrating all of the milestones that he and the Affirm […]
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 the first issued under the EU’s Digital Services Act, which requires companies to police their platforms and provide transparency about how their services work, the New […]
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. The European Commission...
March 05, 2019
Millions of Chinese travelers were banned from buying airline tickets last year because of outstanding social credit offenses. According to the Associated Press, individuals were blocked from buying tickets 17.5 million...
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....
