A consumer looking to pay a utility bill or car loan might reasonably assume that typing the biller's name into a search engine and clicking on a result would take them where they needed to go. The Federal Trade Commission says Doxo found a profitable place inside that assumption.
The SEC on Tuesday proposed “Regulation Crypto Assets,” a new framework that would give issuers of certain investment contracts involving crypto assets two purpose-built ways to raise capital without registering the offering under the Securities Act of 1933. One would allow up to $5 million to be raised over four years. The other would permit as much as $75 million in each 12-month period.
The Czech Republic’s competition authority has upheld approximately $13.4 million (CZK 279.152 million) in fines against three meal voucher issuers, bringing the regulator’s long-running case over a cartel that operated for more than 14 years to a close.
The Australian Prudential Regulation Authority imposed licence conditions on Bendigo Bank after an independent review found weaknesses in non-financial risk management spread across the organization, including shortcomings in governance, accountability, compliance management and risk oversight. Some had persisted through years of remediation.
Amazon.com has agreed to pay a $2.25 million civil penalty to resolve allegations that it violated the Fair Credit Reporting Act by failing to give identity theft victims requested records of transactions involving people believed to have fraudulently used their identification. In other cases, according to the government, Amazon provided the records too late.
Financial institutions flagged nearly $5 billion in suspicious activity potentially connected to human smuggling between 2023 and 2025, according to an analysis released Thursday by the U.S. Treasury Department’s Financial Crimes Enforcement Network. FinCEN examined 67,540 Bank Secrecy Act reports from the three-year period, looking for the financial patterns that appeared repeatedly around suspected smuggling activity.
Uber Freight says its logistics business is investigating a cybersecurity incident after the hacking and extortion group Helix claimed it had stolen data from the company, according to Reuters, which first reported the incident. An Uber Freight spokesperson told Reuters there had been no impact on business operations and that its systems were operating normally.