fines

Chinese Regulators Hit Didi’s Payments Arm with Major Fine

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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FinCEN’s AML Probes Identify Customer Due Diligence Deficiencies
FinCEN’s AML Probes Identify Customer Due Diligence Deficiencies
April 01, 2022  |  AML

The Financial Crimes Enforcement Network (FinCEN) has imposed more than $600 million in fines for anti-money laundering (AML) violations in just 14 months (from January 2021...

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French Court Fines Google $2M for ‘Abusive’ Developer Practices
French Court Fines Google $2M for ‘Abusive’ Developer Practices
March 29, 2022  |  Legal & Regulation

A French court has fined Google $2.2 million (€2 million) for what the country’s government has described as “abusive” dealings with developers on its app...

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