Australian startup Afterpay is settling with the California Department of Business Oversight (DBO) over allegations that the buy now, pay later (BNPL) firm was offering illegal loans in the state. The DBO said it is requiring Afterpay to offer its service under a finance lender’s...
The Federal Trade Commission (FTC) has sent $34 million to victims of a scheme by Office Depot and a separate software provider that encouraged them to buy unnecessary computer repair products, according to a report. The FTC ruled that Office Depot should pay $25 million...
Amazon has been pulled into an ongoing court battle between Google and European Union competition regulators over a $2.6 billion fine involving alleged anti-competitive behavior by the search engine, according to a report Wednesday (Feb. 13) by Bloomberg. Google’s lawyers argued that the EU didn’t...
A European judge has hampered Google’s fight against a $2.6 billion fine, saying the company committed a “clear infraction” by putting its own price-comparison services above others in its search listings, according to a report by Reuters. Judge Colm Mac Eochaidh made the remarks on...
December 20, 2022
The CFPB fined Wells Fargo a $3.7 billion fine for its handling of loans and banking programs. The record penalty, announced Tuesday (Dec. 20), exceeds the $2 billion the banking giant had set aside in anticipation of a regulatory settlement of the case. According to Consumer Financial Protection Bureau (CFPB), the penalty stems from a series of alleged […]
March 17, 2020
Australian startup Afterpay is settling with the California Department of Business Oversight (DBO) over allegations that the buy now, pay later (BNPL) firm was offering illegal loans in the state....
February 20, 2020
The Federal Trade Commission (FTC) has sent $34 million to victims of a scheme by Office Depot and a separate software provider that encouraged them to buy unnecessary computer repair...
February 14, 2020
Amazon has been pulled into an ongoing court battle between Google and European Union competition regulators over a $2.6 billion fine involving alleged anti-competitive behavior by the search engine, according...
