Tag: settlement
-
FTC, FloatMe reach $3M settlement
Overview The Federal Trade Commission (FTC) and the payday loan app company, FloatMe, have reached a settlement of $3 million after allegations that the company engaged in deceptive practices. This settlement aims to provide restitution to consumers and deter similar conduct in the future. The Allegations The FTC accused FloatMe of misleading customers about its…
-
Morgan Stanley to pay USD 249 million
In a landmark settlement, Morgan Stanley has agreed to pay a staggering USD 249 million to resolve claims related to its misleading sales practices. This settlement marks a significant step towards holding financial institutions accountable for their actions. The allegations against Morgan Stanley revolved around the sale of mortgage-backed securities leading up to the 2008…
-
How Google’s settlement will change in-app payments
How Google’s Settlement Will Change In-App Payments Google recently announced a significant settlement that will impact how in-app payments are handled on its Android platform. As part of the settlement, Google has agreed to make several changes to its app store policies, which will affect developers and users alike. Let’s explore the key changes and…
-
Binance agrees to USD 4 billion settlement in US crypto probe
In a landmark development, Binance, one of the largest cryptocurrency exchanges, has agreed to a massive USD 4 billion settlement following a probe conducted by US authorities. The settlement comes as a result of allegations of regulatory violations and concerns around anti-money laundering protocols. Binance, headquartered in the Cayman Islands but with a wide global…
-
FTC, Florida reach $150,000 settlement with Chargebacks911
The Federal Trade Commission (FTC) and the state of Florida have announced a settlement of $150,000 with Chargebacks911, a company accused of deceptive business practices. The settlement was reached after an investigation into allegations that Chargebacks911 provided false testimonials, failed to fulfill refund promises, and used deceptive marketing techniques. The FTC, an independent agency of…
-
Citi settles trades on HKEX Synapse platform
Revolutionizing Trade Settlements in Hong Kong Citigroup announced today that it has successfully settled trades on the Hong Kong Exchange and Clearing Limited’s (HKEX) Synapse platform, marking a significant milestone in the digitalization of trade settlements in the region. Synapse, a state-of-the-art blockchain-powered platform operated by HKEX, aims to streamline trade settlement processes, enhance transparency,…