Penalty news and trends

UK Fines Fender To The Tune Of $5.9M Over Anti-Competition Charges
Retail // January 23, 2020

Guitar-maker Fender allegedly pressured online retailers to sell its products at inflated prices. The European arm of the company has consequently been penalized £4.5 million ($5.9 million) for violating competition laws in the U.K., as the Financial Times reported. Get the Full Story Complete the...

Bluefin Settles With FTC Over Credit Card Payment Scheme
Security & Fraud // February 12, 2016

The Federal Trade Commission announced on Thursday (Feb. 11) a settlement agreement with Capital Payments, perhaps better known as Bluefin Payment Systems, for a total consideration of $2.6 million tied to an alleged telemarketing scheme. Get the Full Story Complete the form to unlock this...

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RBI Fines Paytm Payments Bank for KYC Violations

October 12, 2023
India’s central bank, the Reserve Bank of India (RBI), has fined Paytm Payments Bank for non-compliance, including Know Your Customer (KYC) regulations, according to an Oct. 12 (Thursday) statement. 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 […]

UK Fines Fender To The Tune Of $5.9M Over Anti-Competition Charges

January 23, 2020
Guitar-maker Fender allegedly pressured online retailers to sell its products at inflated prices. The European arm of the company has consequently been penalized £4.5 million ($5.9 million) for violating competition...

Bluefin Settles With FTC Over Credit Card Payment Scheme

February 12, 2016
The Federal Trade Commission announced on Thursday (Feb. 11) a settlement agreement with Capital Payments, perhaps better known as Bluefin Payment Systems, for a total consideration of $2.6 million tied...