fines

CFPB Penalizes Freedom Mortgage for Incentives to Real Estate Brokers
CFPB Penalizes Freedom Mortgage for Incentives to Real Estate Brokers
August 17, 2023  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has taken action against Freedom Mortgage Corp. for engaging in illegal activities related to mortgage loan referrals. The CFPB...

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Experian Consumer Services Faces $650,000 Fine for Spam Emails
Experian Consumer Services Faces $650,000 Fine for Spam Emails
August 14, 2023  |  Regulation

The Federal Trade Commission (FTC) is hitting Experian Consumer Services (ECS) with a $650,000 fine over charges that it sent its customers unsolicited emails without...

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Fed Fines Deutsche Bank $186 Million for ‘Insufficient Remedial Progress’
Fed Fines Deutsche Bank $186 Million for ‘Insufficient Remedial Progress’
July 19, 2023  |  Bank Regulation

The Federal Reserve has fined Deutsche Bank $186 million, saying it has made “insufficient remedial progress” on earlier consent orders around sanctions compliance and anti-money...

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FTC Says Epic Games Set to Refund $245 Million to Fortnite Players
FTC Says Epic Games Set to Refund $245 Million to Fortnite Players
March 15, 2023  |  Regulation

The Federal Trade Commission’s (FTC) multi-million case against Epic Games is winding down. The gaming company, maker of the massively-popular Fortnite, agreed to a settlement...

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Report: 2022 Saw 50% Spike in Money Laundering Fines
Report: 2022 Saw 50% Spike in Money Laundering Fines
January 19, 2023  |  Regulation

Penalties for failing to stop financial crimes jumped by more than 50% last year. That’s according to a Thursday (Jan. 19) report by the Financial...

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Meta Fined $413M for GDPR Breaches
Meta Fined $413M for GDPR Breaches
January 04, 2023  |  Meta

Facebook parent company Meta is facing 390 million euros ($413.4 million) in fines. Ireland’s Data Protection Commission (DPC) said in a Wednesday (Jan. 4) press...

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UK Regulator Fines Barclays $10.3M for Violating Card-Fee Rules
UK Regulator Fines Barclays $10.3M for Violating Card-Fee Rules
December 02, 2022  |  Bank Regulation

The U.K.’s payments regulator has fined Barclays 8.4 million pounds ($10.26 million). In a Thursday (Dec. 1) press release, the Payment Systems Regulator (PSR) said...

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Crypto Crisis Continues as FTX-Backed BlockFi Files for Bankruptcy
Crypto Crisis Continues as FTX-Backed BlockFi Files for Bankruptcy
November 28, 2022  |  Cryptocurrency

The industry-rattling turn of events surrounding FTX’s implosion has claimed another victim. Crypto lender BlockFi and eight affiliated debtors filed for Chapter 11 bankruptcy relief...

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CFPB Seeks $1B+ in Fines From Wells Fargo
CFPB Seeks $1B+ in Fines From Wells Fargo
November 06, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) wants Wells Fargo to pay more than $1 billion for alleged mistreatment of customers, a settlement that would surpass...

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