Meta said Thursday (Nov. 14) that it will appeal the European Commission’s (EC) decision in a case alleging practices involving Facebook and Facebook Marketplace that cause competitive harm. The EC announced Wednesday (Nov. 13) that it fined Meta 797.72 million euros (about $842 million), saying the company violated European...
H&R Block will pay $7 million and change some of its practices under a proposed settlement that would resolve a Federal Trade Commission (FTC) lawsuit alleging that the company made deceptive claims about “free” tax filing. The FTC filed an administrative lawsuit against H&R Block in February,...
The government has ordered America’s largest credit union to repay its customers $80 million. Navy Federal Credit Union was issued that order Thursday (Nov. 7) by the Consumer Financial Protection Bureau (CFPB) after the regulator found that the financial institution had charged members illegal overdraft...
Coinbase has been fined $4.5 million by a U.K. regulator for serving “high-risk” customers. The fine, announced Thursday (July 25) by the Financial Conduct Authority (FCA), was levied against a subsidiary of the cryptocurrency exchange, CB Payments Limited (CBPL), which the FCA says repeatedly violated a requirement preventing the company...
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...
November 21, 2024
The FTC is refunding $1.9 million to victims of a “free” credit report scam. The refunds stem from a 2017 lawsuit by the Federal Trade Commission (FTC) against a company known as Credit Bureau Center, the regulator said Thursday (Nov. 21). According to the FTC, the company, previously known as MyScore LLC, impersonated property owners […]
November 14, 2024
Meta said Thursday (Nov. 14) that it will appeal the European Commission’s (EC) decision in a case alleging practices involving Facebook and Facebook Marketplace that cause competitive harm. The EC announced Wednesday (Nov....
November 12, 2024
H&R Block will pay $7 million and change some of its practices under a proposed settlement that would resolve a Federal Trade Commission (FTC) lawsuit alleging that the company made deceptive claims...
November 07, 2024
The government has ordered America’s largest credit union to repay its customers $80 million. Navy Federal Credit Union was issued that order Thursday (Nov. 7) by the Consumer Financial Protection...
