fines

FTC Fines Opendoor $62M for ‘Misleading Claims’ About Home-Buying Service
FTC Fines Opendoor $62M for ‘Misleading Claims’ About Home-Buying Service
August 01, 2022  |  Security & Fraud

The Federal Trade Commission on Monday (Aug. 1) fined online home buying firm Opendoor Labs $62 million, saying it must stop cheating potential home sellers...

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Cathie Woods’ Ark Jumps Ship as Coinbase’s SEC Woes Threaten Crypto Payments
Cathie Woods’ Ark Jumps Ship as Coinbase’s SEC Woes Threaten Crypto Payments
July 27, 2022  |  Cryptocurrency

Nasdaq-listed cryptocurrency exchange Coinbase’s troubles have been growing for some time as its stock price followed earnings off a cliff in Q1, a massive round...

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CFPB Issues $19M Penalty Against Hyundai Over Credit Reporting
CFPB Issues $19M Penalty Against Hyundai Over Credit Reporting
July 26, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has ordered carmaker Hyundai to pay more than $19 million for providing inaccurate information to credit reporting companies. The...

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Chinese Regulators Hit Didi’s Payments Arm with Major Fine
Chinese Regulators Hit Didi’s Payments Arm with Major Fine
July 15, 2022  |  Ridesharing

The payments division of ride-sharing and food delivery firm Didi was hit with 4.27 million yuan ($632,170) in fines on Friday (July 15) by the...

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CFPB Fines Bank of America $100M Over Alleged Unlawful Account Freezing
CFPB Fines Bank of America $100M Over Alleged Unlawful Account Freezing
July 14, 2022  |  CFPB

The Consumer Financial Protection Bureau announced Thursday (July 14) that it has leveled a $100 million fine at Bank of America for allegedly messing up...

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Today in TechREG: EU Commissioner Urges Parliament to Pass Crypto Regulation; Qualcomm Wins Appeal of EU $1B Antitrust Fine
Today in TechREG: EU Commissioner Urges Parliament to Pass Crypto Regulation; Qualcomm Wins Appeal of...
June 15, 2022  |  Technology

In tech regulation news Wednesday (June 15), the European General Court sided with Qualcomm in its appeal of a $1 billion antitrust fine imposed by...

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Amazon Pushes for End to European Commission Probe with Data Sharing, Rival Boosting
Amazon Pushes for End to European Commission Probe with Data Sharing, Rival Boosting
June 13, 2022  |  Amazon

Amazon will share marketplace data with its sellers and boost rivals’ product visibility on its platform if the European Commission will close its 2020 investigation...

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Wells Fargo to Pay $7M to Settle SEC AML Allegations
Wells Fargo to Pay $7M to Settle SEC AML Allegations
May 20, 2022  |  AML

Wells Fargo Advisors agreed to pay $7 million to settle federal Securities and Exchange Commission (SEC) charges that the firm failed to report at least...

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CFPB Orders $8M Paid to Consumers in Student Loan Scam
CFPB Orders $8M Paid to Consumers in Student Loan Scam
May 11, 2022  |  CFPB

The Consumer Finance Protection Bureau (CFPB) has finalized an enforcement action against RAM Payment and Account Management Systems, two payment processors working with debt relief,...

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