penalties

CFPB Fines Installment Lender OneMain $20 Million for Upsell and Refund Practices
CFPB Fines Installment Lender OneMain $20 Million for Upsell and Refund Practices
May 31, 2023  |  Loans

OneMain Financial, a nonbank personal loan installment lender, has been slapped with $20 million in redress and penalties by the Consumer Financial Protection Bureau (CFPB)...

READ MORE >
Google Backs Competitors Amid EU Antitrust Probe
Google Backs Competitors Amid EU Antitrust Probe
March 18, 2019  |  Google

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...

READ MORE >
Chinese Gov’t Blocks Millions From Buying Travel Tix
Chinese Gov’t Blocks Millions From Buying Travel Tix
March 05, 2019  |  International

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...

READ MORE >
US Regulators Lead Pack In Penalties On Firms And Individuals
US Regulators Lead Pack In Penalties On Firms And Individuals
October 05, 2018  |  Regulation

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...

READ MORE >
Max Levchin And Building Truly Honest Finance Products
Max Levchin And Building Truly Honest Finance Products
April 12, 2017  |  Loans

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...

READ MORE >
CFPB Fines Citi Over Illegal Debt Practices
CFPB Fines Citi Over Illegal Debt Practices
February 24, 2016  |  CFPB

The Consumer Financial Protection Bureau said Tuesday (Feb. 23) that it has taken two separate actions against Citibank, tied to both illegal debt sales and...

READ MORE >