Penalties news and trends

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. The European Commission fined the company $2.7 billion two years ago for violating antitrust rules by using its...

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. 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...

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. That’s according to findings from Duff & Phelps, which through its Global Enforcement Review (done through its compliance and regulatory consulting...

Max Levchin And Building Truly Honest Finance Products
Loans // 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...

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. Today, Affirm is announcing its one millionth POS loan and celebrating all of the milestones that he and the Affirm […]

Quick Reads
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. The European Commission fined the company $2.7 billion two years ago for violating antitrust rules by using its search engine to promote its own services over others. Google […]

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. According to the Associated Press, individuals were blocked from buying tickets 17.5 million...

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....