Fines news and trends

FDIC and Federal Reserve Fine Discover, Alleging Credit Card Misclassification

April 18, 2025
Report: EU to Announce Digital Services Act Penalties Against X This Summer
Regulation // April 04, 2025

The European Union is reportedly preparing penalties against X that include a fine and demands for changes to the platform. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...

Meta to Appeal Against $831 Million EU Antitrust Fine
Meta // January 29, 2025

Meta says it will fight a $831 million fine levied against the tech giant by the European Union. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...

Indonesia’s Antitrust Agency Fines Google $12.4 Million
Google // January 21, 2025

Google has reportedly been ordered by Indonesia’s antitrust agency to pay fines of 202 billion rupiah (about $12.4 million) for alleged unfair business practices. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Block to Pay $80 Million to Settle AML Violation Allegations
Regulation // January 15, 2025

Block has agreed to pay an $80 million fine and undertake corrective actions to resolve a coordinated enforcement action by 48 state financial regulators that alleged the company violated Bank Secrecy Act (BSA) and anti-money laundering (AML) laws. Get the Full Story Complete the form...

Interviews & Exclusives
SEC Sounds Alarm on Crypto Endorsements With $1.3M Kim Kardashian Fine

October 03, 2022
The Securities and Exchange Commission’s celebrity crypto touting campaign reached the A-list on Monday (Oct. 3), as Kim Kardashian agreed to a $1.26 million fine. She also “disgorged” $260,000, including her $250,000 fee, plus interest. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content […]

Amazon (And Others) Brace For India’s New eCommerce Tax

February 10, 2020
The jousting over eCommerce taxes — especially for U.S. firms operating on an international scale — is about to get more heated. Last week in India, the government proposed a...

Sloan Alone: Why The Wells Fargo CEO (Perhaps) Had To Go

March 29, 2019
Pushed?  Jumped ?  The speculation begins and runs rampant as Timothy Sloan steps down from Wells Fargo’s helm – and yes, shares popped.  In the meantime, the bank still will...

Quick Reads
FDIC and Federal Reserve Fine Discover, Alleging Credit Card Misclassification

April 18, 2025
The Federal Deposit Insurance Corp. (FDIC) and the Federal Reserve Board fined Discover Financial Services and two subsidiaries, Discover Bank and DFS Services LLC, alleging that they misclassified consumer credit cards as commercial, thereby requiring merchants to pay higher interchange fees. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS […]

Report: EU to Announce Digital Services Act Penalties Against X This Summer

April 04, 2025
The European Union is reportedly preparing penalties against X that include a fine and demands for changes to the platform. Get the Full Story Complete the form to unlock this article and...

Meta to Appeal Against $831 Million EU Antitrust Fine

January 29, 2025
Meta says it will fight a $831 million fine levied against the tech giant by the European Union. Get the Full Story Complete the form to unlock this article and...

Indonesia’s Antitrust Agency Fines Google $12.4 Million

January 21, 2025
Google has reportedly been ordered by Indonesia’s antitrust agency to pay fines of 202 billion rupiah (about $12.4 million) for alleged unfair business practices. Get the Full Story Complete the...