In a world where swiping right or transferring money can be done in seconds, trust is the bedrock of our digital lives. For Cash App users, that trust has been shaken—and regulators are stepping in with a forceful reminder that convenience can’t come at the cost of consumer protection.
When over 50 million people trust you to manage their money, getting it right isn’t just important—it’s everything. Unfortunately for Block, Inc., the parent company of Cash App, state regulators say the company dropped the ball.
If you’ve ever felt a pang of anxiety about whether your web hosting service is keeping your data safe, the Federal Trade Commission (FTC) is here to validate those fears. Today, the FTC announced a proposed settlement with GoDaddy, one of the world’s largest web hosting companies, after accusing it of leaving the digital backdoor wide open for cybercriminals—and misleading its customers about the state of its security.
It’s not every day that David takes on Goliath and wins. But in fiscal year 2024, a record number of whistleblowers did just that, helping the Department of Justice (DOJ) recover a staggering $2.9 billion under the False Claims Act. While the number is impressive, the stories behind it are even more so—ordinary people stepping up to expose extraordinary fraud.
The Federal Trade Commission (FTC) has recently banned data broker Mobilewalla Inc. from selling sensitive location data. The settlement, finalized this week, not only reprimands the company’s questionable practices but also sends a strong message about the importance of consumer consent in the digital age.
The Consumer Financial Protection Bureau (CFPB) has taken legal action against Capital One, N.A., and its parent company, Capital One Financial Corp. The lawsuit accuses the banking giant of misleading millions of customers about interest rates on its flagship “360 Savings” account—an alleged misrepresentation that may have cost savers more than $2 billion in unpaid interest.
The U.S. Department of Justice (DOJ) has filed a civil lawsuit against KKR & Co. Inc. and several of its affiliated investment advisors and funds for systematically violating the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act), a crucial component of U.S. antitrust law. The complaint, filed in the U.S. District Court for the Southern District of New York, alleges that KKR repeatedly circumvented the premerger review process by withholding and altering key documents and failing to file required premerger notifications for at least 16 transactions between 2021 and 2022.