Instacart has agreed to pay $60 million in consumer refunds to settle a lawsuit brought by the Federal Trade Commission, which alleged that the grocery delivery platform used deceptive advertising, improper subscription practices, and unlawful refund processes that raised costs for shoppers.
A decade of misreported market data, years of conflicted advice, and widespread failures affecting tens of thousands of customers all landed before the courts this week, as ASIC secured three major enforcement outcomes against Macquarie Securities, RM Capital, and ANZ. The decisions span institutional trading, advice oversight, and retail banking operations.
Ceratizit USA, a Charlotte, North Carolina–based distributor of tungsten carbide products, has agreed to pay $54.4 million to resolve allegations that it violated the False Claims Act by knowingly evading U.S. customs duties on imports from China, the Department of Justice announced Thursday.
The Office of the Comptroller of the Currency on Wednesday released proposed guidance aimed at reducing regulatory burden for community banks by simplifying how they can comply with the Community Reinvestment Act.
The Financial Conduct Authority has welcomed the UK government’s move to reform the country’s benchmarks framework, signaling support for a shift away from the EU-era Benchmarks Regulation toward a more targeted, UK-specific regime.
South Korea’s media and telecoms regulator has launched an investigation into Coupang, examining whether the e-commerce giant has unlawfully made it difficult for users to delete their accounts in the wake of a massive personal data breach that rattled the country earlier this year.
Danish competition regulators have brought their long-running investigation into Apple’s iPhone repair practices to a close, after the company agreed to a set of commitments aimed at making repairs easier and more competitive in Denmark.