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Thursday, February 22, 2018

Citibank Forced to Pay 6.5 Million in Fines for Illegal Student Loan Practices

An investigation by the Consumer Financial Protection Bureau (CFPB) has uncovered the company wide use of illegal practises in dealing with student loans at...
Adat Shalom Busted for Wage Theft

WAGE THEFT: Owner of Six Care Homes Busted for Paying Caregivers Less than $3...

The California Labor Commissioner’s Office busted the owner of six care homes for wage theft and other labor law violations. Adat Shalom Board & Care...

NetSpend Issues Refund to Some Consumers as Part of Settlement of FTC Claims

NetSpend agreed to refund $53 million in refunds to consumers who were denied access to their NetSpend cards after a deposit was made. The...

Behind the SEC’s Moves On ICOs

One of the biggest challenges we face in our times is that technology and marketing move much faster than the legal system’s ability to...

De Blasio-linked hedge fund bribery trial begins

Federal prosecutors called their star witness in a bribery case against a one-time New York City prison union boss. According to the U.S. Attorney's...

Western Union to Issue Refunds to Scammed Consumers

Between January 1, 2004 and January 19, 2017, consumers were scammed into sending more than $500 million to fraudsters through Western Union. In a...

Jeremy Johnson case sets bank fraud precedent in negative option billing schemes

Jeremy Johnson, creator of iWorks, is currently serving more than 11 years in prison for providing false information to banks to acquire Visa/Mastercard merchant...

Bitcoin Plummets below $10K amid Broad Weakness in Cryptocurrency Market

Bitcoin plummeted below $10,000 amid the broad weakness in the cryptocurrency market on Monday. Other digital currencies including ethereum, ripple, litecoin, and stellar also...

Bitcoin Falls below $8,000 as Investors Worry about Regulatory Crackdown

Bitcoin and other cryptocurrencies suffered a steep decline as investors continue to worry about regulatory crackdown worldwide. The price of bitcoin plummeted as low as...
Hedge Fund - type of financial institutions. US Dollar texture. 3D illustration.

Hedge Funds Own More Stock Than Ever

Hedge funds own $1.4 trillion in stocks, according to a Bank of America report. That’s the most ever, surpassing the old record set in...

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California State Sen. Tony Mendoza

California State Sen. Mendoza Resigns over Sexual Harassment Investigation

California State Sen. Tony Mendoza resigned amid the increasing investigation into the sexual harassment allegations against him. His decision comes before a possible vote...