fines

Android Apps Feed Facebook User Data, Violate EU Reg
Android Apps Feed Facebook User Data, Violate EU Reg
December 31, 2018  |  Facebook

Some popular apps for Android smartphones are feeding data to Facebook without user consent, which could be a breach of the European Union’s (EU’s) General...

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Wells To Pay $575M Over Customer Abuse Claims
Wells To Pay $575M Over Customer Abuse Claims
December 28, 2018  |  Bank Regulation

Wells Fargo, implicated in a far-reaching banking scandal where it was accused of creating fake accounts and charging customers for services they didn’t sign up...

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SEC Fines Wealthfront, Hedgeable For Misleading Consumer Claims
SEC Fines Wealthfront, Hedgeable For Misleading Consumer Claims
December 26, 2018  |  Regulation

The Securities and Exchange Commission announced late last week that it settled with Wealthfront Advisors and Hedgeable, two FinTech robo-advisors, for misleading investors. According to reports,...

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PSD2 Is Coming — Are Merchants Ready?
PSD2 Is Coming — Are Merchants Ready?
December 20, 2018  |  Security & Fraud

From using instant messaging to getting directions and shopping online, consumers are constantly generating a trail of data about their preferences and whereabouts. However, while...

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Denmark Demands Danske Bankers ‘Be Held Accountable’
Denmark Demands Danske Bankers ‘Be Held Accountable’
December 20, 2018  |  Security & Fraud

Denmark wants the former Danske Bank employees who were recently arrested to “be held accountable” for their actions. Earlier this week, eight people in Estonia...

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State Regulators Report: Money Services Firms Handled $1.2T In 2017
State Regulators Report: Money Services Firms Handled $1.2T In 2017
October 15, 2018  |  Regulation

As noted by the Conference of State Bank Supervisors (CSBS), state regulators earlier this month released the inaugural Money Services Business Industry Report, which featured...

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Denmark Wants To Toughen Up Money Laundering Fines
Denmark Wants To Toughen Up Money Laundering Fines
September 11, 2018  |  International

Denmark is working on new legislation that will increase money laundering fines by about eightfold. According to Bloomberg, the new bill by the Danish Financial Supervisory...

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Is The GDPR Coming To The US?
Is The GDPR Coming To The US?
June 14, 2018  |  Legal

Imitation is the sincerest form of flattery, right? If so, some European regulators might like what’s going on with California in regards to digital privacy....

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Living Up To The Hype (Or Not)
Living Up To The Hype (Or Not)
May 01, 2018  |  Today In Data

The hype is everywhere. It’s easy to get swept up in a world full of the “next big things.” Easy — but as Karen Webster...

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