The U.S. crypto exchange will pay a $50 million fine for letting customers open accounts with few background checks and spend $50 million to improve compliance.
Category: Fines (Penalties)
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Coinbase Reaches $100 Million Settlement With New York Regulators
The New York Times – Business: -
Wells Fargo to Pay $3.7 Billion Over Consumer Banking Violations
The New York Times – Business:The Consumer Financial Protection Bureau cited improper overdraft fees, account freezes, auto repossessions and misapplied home loan payments that have harmed millions of consumers since 2011.
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The Inside Story of N.B.A. Players and Their Socks
The New York Times – Sports:Zion Williamson rocks an orange stripe. Marcus Smart almost got fined over his socks. Some guys wear them on the wrong feet. (The wrong feet?)
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Amazon Agrees to Change Some Business Practices in EU Settlement
The New York Times – Business:The e-commerce giant avoided a fine, but will make a variety of changes regulators believe will help independent merchants who had raised alarms about Amazon’s tactics.
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Why States Were Unprepared for the Sports-Betting Onslaught
The New York Times – Business:Government oversight of sports betting offers scant consumer protections and looks to the industry to police itself, The Times found.
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U.S. Fines Airlines More Than $7 Million for Not Providing Refunds
The New York Times – Travel:The Transportation Department penalties come after many travelers have expressed frustration about flight delays, cancellations and other problems.
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Help! A French Car Rental Company Charged Me Fees for Speeding Tickets I Never Received!
The New York Times – Travel:When the company said it couldn’t reveal what a driver had done wrong, he got suspicious. Was it a scam? In the end, privacy laws and bureaucracy took the blame.