Penalty - All News And Posts By Crowdfund Insider

FTC Charges Experian with “Spamming” Clients Who Signed Up for Accounts with Marketing Emails They Couldn’t Opt Out Of

August 17, 2023 @ 8:31 am By Omar Faridi |

The Federal Trade Commission will require Experian Consumer Services, which offers consumers access to their Experian credit information, “to pay $650,000 to settle charges it sent consumers unsolicited email without offering them a way to opt out of such messages, as required under the CAN-SPAM… Read More

Chinese Authorities Conclude Ant Group’s Regulatory Restructuring Process with $984M Penatly

July 8, 2023 @ 7:24 pm By Omar Faridi |

China’s regulatory authorities revealed on Friday (July 7, 2023) a 7.12 billion yuan (approximately $984 million) fine for Ant Group, a decision that effectively ends a lengthy regulatory revamp of the Fintech firm while marking an important step to concluding a massive crackdown on the… Read More

UK’s PRA Fines Metro Bank £5.376M for Failing in its Regulatory Reporting Governance and Controls

December 24, 2021 @ 8:48 am By Omar Faridi |

The UK’s Prudential Regulatory Authority (PRA) has imposed a financial penalty on Metro Bank plc “of £5,376,000 for failing to act with due skill, care and diligence in relation to the regulatory reporting of its capital position and for failings in its regulatory reporting governance,… Read More

Penalty: Dwolla Fined $100K by CFPB

March 3, 2016 @ 6:31 am By Erin Hobey |

The Consumer Financial Protection Bureau took action against online payment platform Dwolla for deceiving consumers about its data security practices and the safety of its online payment system, according to a release. The CFPB ordered Dwolla to pay a $100,000 penalty and fix its security… Read More