The Consumer Financial Protection Bureau said its new restriction would save households $10 billion a year in “junk fees.”
Category: Fines (Penalties)
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Apple Fined $2 Billion by E.U. for Using App Store to Thwart Competition
Apple is expected to appeal the penalty, the latest in a series of regulatory setbacks for the tech giant.
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CVS Fined $1.5 Million by Ohio Over Staffing Issues
The penalty is part of a settlement of 27 cases involving safety concerns revealed during inspections of nearly two dozen stores, officials said.
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Confiscated Motorbikes Pile Up as Vietnam Goes After Drunken Driving
Some drivers are abandoning the vehicles, the country’s dominant mode of transportation, because the fines exceed their value.
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Traveling With Watches Can Be Tricky. Just Ask Arnold Schwarzenegger.
Customs regulations vary, and experts say that the right paperwork can make all the difference.
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Unlikely Allies Want to Bar JBS, the Brazilian Beef Giant, From U.S. Stock Markets
Environmentalists and American meat producers alike are asking regulators to keep JBS, the world’s biggest meatpacker, off the New York Stock Exchange.
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Airbnb to Pay About $20 Million After Charging Australians in U.S. Dollars
Airbnb admitted in Australian court that it had made “false or misleading representations,” charging customers in U.S. currency instead of Australian dollars.
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U.S. Fines Southwest Airlines $140 Million for Holiday Meltdown
The penalty is by far the largest ever imposed by the Transportation Department on an airline for consumer protection violations.
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Binance Founder Changpeng Zhao Pleads Guilty to Money Laundering Violations
Changpeng Zhao will pay a $50 million fine and step down as chief executive of the company he created, the latest blow to the crypto world since the implosion of FTX last year.
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Dish Is First Company to Be Fined By F.C.C. Over Space Junk Rule
Dish, the television provider, failed to move its dead satellite into a higher orbit, where it would pose little threat to active satellites, the agency announced. The company agreed to pay a $150,000 fine.
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Tyson and Perdue Are Facing Child Labor Investigations
The Labor Department has opened inquiries into whether migrant children were working inside slaughterhouses owned by the poultry-processing giants.
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Former Wells Fargo Executive Avoids Prison in Sham Accounts Scandal
Prosecutors had sought a year of incarceration, which they said would be a deterrent to other corporate executives.