Cash App Ordered to Pay $255 Million in Penalties Over Fraud
The transfer-money app, owned by Jack Dorsey’s Block, racked up a hefty bill of fines and restitution for what federal regulators called “woefully incomplete” customer protections.
Read more at The New York Times
Topics
-
American Express to pay $230 million to settle DOJ fraud probe, deceptive marketing claim
The American Express settlement follows recent agreements by Mastercard and Block to settle claims from prosecutors or regulators.CNBC - 1h -
Judgment in Trump fraud case stands at $502 million before inauguration
President-elect Donald Trump will likely owe the state of New York about half a billion dollars when he's sworn in as president.CBS News - 3h -
Toyota Truck Unit Will Pay $1.6 Billion to Settle Emissions Fraud Case
Hino Motors, a Toyota subsidiary, will plead guilty to conspiracy charges and pay penalties for deceiving regulators about its diesel engines, the E.P.A. said.The New York Times - 5h -
Meatpacking Companies to Pay $8 Million for U.S. Child Labor Violations
Perdue Farms and JBS have settled with the Labor Department after relying on migrant children to do dangerous work in their slaughterhouses. Most of the money will be used to help the children.The New York Times - 2h -
Toyota subsidiary to pay $1.6 billion over U.S. emissions fraud case
Toyota subsidiary Hino Motors will pay $1.6 billion to settle a fraud case that alleged the company deceived regulators about emissions amounts from its diesel engines, U.S. officials have ...CBS News - 8h -
Who gets the $10 million dream home if Jessica Alba and Cash Warren split up?
The couple have reportedly separated and are “heading for divorce,” though they haven’t addressed the rumors.MarketWatch - 11h -
Newsom, Cruz spar over executive order barring predatory real estate offers amid fires
Gov. Gavin Newsom (D-Calif.) and Sen. Ted Cruz (R-Texas) sparred over a California executive order barring predatory real estate offers amid recent wildfires. “Today, I signed an executive order ...The Hill - 19h -
Mastercard Agrees to Settle Pay Discrimination Suit for $26 Million
The complaint accuses the company of underpaying female, Black and Hispanic employees compared with their male and white counterparts.The New York Times - 2d -
Robinhood to Pay $45 Million Fine to Settle SEC Charges
The upstart brokerage agreed to pay the Securities and Exchange Commission for failing to protect sensitive customer data, among other infractions.The New York Times - 2d -
Apple Faces $1.8 Billion Lawsuit in U.K. Court Over App Store
Lawyers representing the class action said that Apple excluded potential rivals from competing for customers on devices running its iOS operating system by forcing developers to sell their apps ...The Wall Street Journal - 3d -
Apple to face court over claims it overcharged UK users on App Store
Class action alleges company is abusing its dominant position in the app market and 30% fee breaches laws. Business live – latest updates Apple will appear in court on Monday accused of ...The Guardian - 3d -
Kane penalty earns Bayern vital win over Gladbach
Bundesliga top scorer Harry Kane netted a 68th-minute penalty to give Bayern Munich a 1-0 victory at Borussia Moenchengladbach on Saturday.ESPN - 4d -
Tempers flare after Arsenal awarded controversial penalty
Watch as Manchester United and Arsenal players need to be physically restrained after disputing the award of a penalty for a foul on Kai Havertz.BBC News - 4d -
McMahon to pay millions for failing to disclose settlements: SEC
Vince McMahon will pay $1.7 million to for failing to disclose two settlements he had with employees while he ran the WWE.ABC News - 6d -
Vince McMahon will pay $1.7 million to settle SEC allegations over hush money agreements
Former WWE impresario Vince McMahon agrees to settle allegations by the SEC that he paid millions in hush money to two women without telling his board.Los Angeles Times - 6d -
5 wildfires still burning around Los Angeles, over 100,000 under evacuation orders
Authorities are still trying to grapple with the most destructive wildfires in Los Angeles history. At least five people have been killed and more than 100,000 are under evacuation orders. CBS News ...CBS News - Jan. 9 -
Robert F Kennedy Jr accused of voter fraud over New York ballot
Watchdog files complaint after Trump nominee cast vote from New York address that was not his place of residence. Robert F Kennedy Jr has been accused of committing voter fraud in November’s ...The Guardian - Jan. 8 -
Bitcoin Is Luring More Companies and Their Cash
It is a sharp pivot away from the cautious approach of the traditional corporate treasury, normally charged with safeguarding cash rather than chasing higher returns.The New York Times - Jan. 8 -
Former MoviePass Executive Pleads Guilty to Fraud Over ‘Unlimited’ Plan
Prosecutors said that Theodore Farnsworth, who ran the parent company of MoviePass, had misled investors about its popular subscription plan.The New York Times - Jan. 8 -
Want to land a remote job in 2025? These 20 companies are hiring—some jobs pay over $100,000
FlexJobs saw a 20% increase in the number of remote job listings in 2024 over 2023 — up 9% from the year prior.CNBC - Jan. 7 -
Sushi chain pays $1.3 million for motorcycle-sized tuna at Tokyo auction
A bluefin tuna sold for more than $1.3 million at an annual fish auction in Tokyo, in what organizers said was the second-highest bid since the event began in 1999.NBC News - Jan. 6 -
Seahawks' Smith cashes in on $6M bonus in win
While Geno Smith said he cared most about the win in Sunday's finale, he also hit three contract escalators in the game worth $6 million.ESPN - Jan. 5 -
Seahawks' Geno Smith on track for $6 million bonus after four-TD performance in Week 18 win over Rams
The QB hit several salary escalatorsCBS Sports - Jan. 6 -
Joe Milton III, Patriots turn NFL Draft order upside down with victory over Bills
New England won its way out of the No. 1 draft pick, but fortunately for the Patriots that's not a season-breaker.Yahoo Sports - Jan. 5 -
Arteta: 'Never seen' decision like Brighton penalty
Arsenal manager Mikel Arteta said he has "never seen" a decision like the penalty awarded to Brighton in his team's 1-1 draw at the Amex Stadium on Saturday.ESPN - Jan. 5 -
Ipswich pay penalty as Raúl Jiménez’s spot-kick double gives Fulham late draw
Imagine where Fulham would be if they could see off the strugglers. They averted a rare defeat when Raúl Jiménez converted his second penalty of the afternoon at the start of added time but never ...The Guardian - Jan. 5 -
NHS App upgrade to give patients more choice over treatment
Plans for an upgraded NHS app to allow more patients in England to book treatments will be announced by the health secretary on Monday.BBC News - Jan. 5 -
Bellingham: 'Owed' team winner after penalty miss
Jude Bellingham said he "owed" his Real Madrid teammates the winning goal after missing a penalty earlier in their 2-1 comeback win at Valencia in LaLiga on Friday.ESPN - Jan. 4 -
Apple to pay $95 million to settle lawsuit accusing Siri of eavesdropping
Apple has agreed to pay $95 million to settle a lawsuit accusing the privacy-minded company of deploying its virtual assistant Siri to eavesdrop on people using its iPhone and other trendy devices.NBC News - Jan. 3 -
Booz Allen Hamilton to Pay $15.9 Million in False Claims Settlement
Booz Allen Hamilton Holding agreed to a $15.9 million settlement with the Justice Department on Friday, resolving allegations the company submitted fraudulent claims to the U.S. under military task ...The Wall Street Journal - Jan. 3 -
Apple agrees to pay $95 million to settle Siri eavesdropping claims
Apple surreptitiously activated Siri to record user conversations through iPhones and other devices, court finds.CBS News - Jan. 2 -
Apple to pay $95 million to settle lawsuit accusing Siri of snoopy eavesdropping
Apple has agreed to pay $95 million to settle a lawsuit accusing the privacy-minded company of deploying its virtual assistant Siri to eavesdrop on people using its iPhone and other trendy devicesABC News - Jan. 2 -
Apple Agrees to Pay $95 Million to Settle Lawsuit Over Recordings Tied to Siri
The class-action lawsuit alleged the company obtained private communications and shared them with third parties without consent through Siri.The Wall Street Journal - Jan. 2
More from The New York Times
-
A First-Day Trump Order: A Federal Stockpile of Bitcoin?
The cryptocurrency industry has pushed President-elect Donald J. Trump to establish one, creating real political momentum behind the plan.The New York Times - 5h -
Amid Warnings About Alcohol and Cancer, the N.A. Drinks Industry Could Get a Boost
The nonalcoholic beverage industry could get a boost from the surgeon general’s warnings linking alcohol to some cancers. But don’t expect the industry to condemn your glass of pinot.The New York Times - 11h -
On TikTok, Users Mock Looming U.S. Ban
Ahead of a Supreme Court ruling, they are mocking U.S. national security concerns about the Chinese-owned app.The New York Times - 7h -
What to Know About the E.V. Tax Credit That Trump Might Repeal
Rules for a $7,500 tax break for electric vehicle purchases and leases recently changed, but more far-reaching changes are expected when President-elect Donald J. Trump takes office.The New York Times - 11h -
Trump Treasury Pick Scott Bessent to Face Grilling
Scott Bessent, President-elect Donald J. Trump’s choice to be Treasury secretary, will be in charge of steering the president’s economic agenda if confirmed by the Senate.The New York Times - 28m
More in Business
-
Trump Taps Mel Gibson, Sylvester Stallone and Jon Voight as Hollywood ‘Ambassadors’
The president-elect said the actors would be his “eyes and ears” with the goal of helping the entertainment industry, which he said had lost business to foreign countries.The New York Times - 11m -
Oil ends lower, with U.S. prices failing to hold above $80 a barrel
Oil futures settled lower on Thursday, pulling back as news of an Israel-Hamas cease-fire deal helped to ease some worries about risks to global supplies — though the agreement has reportedly hit a ...MarketWatch - 19m -
That big one-day stock-market surge we just had? Don’t make too much of it.
Price spikes happen in bear markets more often than in bull markets.MarketWatch - 19m -
UnitedHealth’s Revenues Rise, in First Earnings Report Since CEO’s Killing
But high medical costs contributed to results that disappointed Wall Street, and the company’s stock fell on the news that it had made less than analysts expected.The New York Times - 21m -
Apple has worst day since August following reports of China, AI struggles
Apple reports December quarter results on Jan. 30.CNBC - 22m