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The Consumer Financial Protection Bureau alleges that PayPal engaged in unfair, abusive and deceptive practices in the marketing and management of its PayPal Credit service, formerly known as Bill Me Later. To rectify the (many) outlined abuses, the CFPB filed a complaint and proposed consent orde...

5 days ago 0 Comments
May 19, 2015 at 2:56PM
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Google's run in with France's privacy regulator has come to a rather undignified end. After months of deliberation, the National Commission on Computing and Freedom (CNIL) today hit the search giant with a €150,000 ($204,000) fine for breaking the law with its unified privacy policy. Accordin...

1 year ago 0 Comments
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Sure, it's no Somalia, but Sweden's been fighting plenty of its own battles against piracy -- of the digital variety. The former home of Pirate Bay, the infamous online repository for everything the RIAA and MPAA stand against, has just fined an unnamed 28-year-old man 4.3 million krona (about $65...

1 year ago 0 Comments
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Citigroup is learning the hard way that leaking unpublished research on iPhone production numbers to institutional investors ahead of other investors is wrong. The company has been fined US$30 million for sending that data to SAC Capital, T. Rowe Price, Citadel and GLC Partners ahead of official p...

1 year ago 0 Comments
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Path is paying handsomely for allowing minors under the age of 13 years old to sign up for its service. According to a statement released Friday, Path has settled with the FTC over an alleged violation of the Children's Online Privacy Protections Act (COPPA) involving 3,000 underage accounts. T...

2 years ago 0 Comments
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Korea's Yonhap News Agency is reporting that Samsung will be fined a nominal 1 million won (roughly $1,000) for not reporting its recent gas leak quickly enough. The incident led to the death of a maintenance contractor who was brought in to fix a pipe leaking hydrofluoric acid gas at one of Samsu...

2 years ago 0 Comments