Deceptive Telemarketing Practices Cost Discover Over $200 Million
Yet another credit card issuer will have to pay back millions of dollars to customers for misleading telemarketing practices. Today, the Consumer Financial Protection Bureau and the FDIC announced that...
View ArticleAmerican Express to Pay $112.5 Million in Fines & Refunds
Another day, another major fine for a credit card company. American Express will refund $85 million to customers and pay $27.5 million in civil penalties to settle regulators' accusations that the...
View ArticleTop Credit Card Stories of the Year
2012 was a relatively quiet year for the credit card industry. However, there were a number of developments that may have a far-reaching impact in the years to come. Here are the top ten credit card...
View ArticleBank of America Must Pay $772 Million for Illegal Credit Card Practices
Today, Bank of America was ordered by the Consumer Financial Protection Bureau to refund $727 million to consumers who were deceived by the bank's marketing of credit card payment protection programs...
View ArticleFirst National Bank of Omaha to Pay $35 Million for Deceptive Credit Card...
The Consumer Financial Protection Bureau (CFPB) and the Office of the Comptroller of Currency (OCC) ordered the First National Bank of Omaha to pay $35.25 million in fines and reimbursements for...
View ArticleFTC Shuts Down Two Robocall Telemarketing Operations
The Federal Trade Commission has long battled with telemarketers on the issue of “robocalling”: the process of using pre-recorded messages to entice consumers to do such things as buy a product or...
View ArticleCFPB Proposes $2 Million Final Judgment for Illegal Credit Repair Fees
The Consumer Financial Protection Bureau has issued a final judgment against four California-based credit repair companies and three affiliated individuals for “misleading consumers and charging...
View ArticleFTC Cracks down on Record-High Robocalls
Robocalls are increasing once again in the United States, and the Federal Trade Commission, which manages the Do-Not-Call registry, is trying to curtail this. The FTC will now alert phone carriers...
View ArticleTalkTalk Fined £100,000
The UK’s data privacy regulator, the Information Commissioner Office (ICO), has fined TalkTalk £100,000 (U.S. $129,630.50) over a 2014 data breach wherein unauthorized employees from a third party...
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