Two Payday Lenders Agree To Pay $4.4M In Fines, Release Borrowers From $68M In Loans, Fees

Two Payday Lenders Agree To Pay $4.4M In Fines, Release Borrowers From $68M In Loans, Fees

Federal regulators continued an ongoing crackdown on deceptive payday loan players by reaching a multimillion-dollar agreement with two lenders to settle accusations they illegally charged consumers with undisclosed and inflated fees.  [More]

Law Firm Must Pay $3.1M For Operating Automated Debt-Collection Lawsuit “Factory”

Law Firm Must Pay $3.1M For Operating Automated Debt-Collection Lawsuit “Factory”

A Georgia-based law firm behind hundreds of thousands of debt-collection lawsuits, and its principal partners, have agreed to pay a total of $3.1 million in penalties to settle federal accusations that they were operating a lawsuit mill in violation of the law. [More]

(Mike Mozart)/
(Mike Mozart)

Verizon, Sprint Customers Have Until Dec. 31 To Claim A Piece Of The $158M Cramming Settlement Pie

The holidays can be a tiring, stressful time, full of never-ending checklists. While you might have checked off plenty of your to-do items, if you’re a Verizon or Sprint customer, you’ll want to make sure you add “check to see if I’m eligible for a bill-cramming refund,” to the top of your list.  [More]

Southwest Airlines To Pay $2.8M To Settle FAA Lawsuit Over Improper Repairs

Southwest Airlines To Pay $2.8M To Settle FAA Lawsuit Over Improper Repairs

More than a year after the U.S. government sued Southwest Airlines over allegedly improper repairs to more than a dozen aircraft, the airline has agreed to settle the allegations to the tune of $2.8 million.  [More]

Regulators Accuse Oracle Of Deceiving Customers About Security Of Java Updates

Regulators Accuse Oracle Of Deceiving Customers About Security Of Java Updates

The owners of more than 850 million personal computers using Oracle’s Java Platform Standard Edition were misled about the security of their devices after software updates left the PCs susceptible to hack attacks according to federal regulators.  [More]

Identity Theft Company LifeLock Once Again Failed To Actually Keep Identities Protected, Must Pay $100M

Identity Theft Company LifeLock Once Again Failed To Actually Keep Identities Protected, Must Pay $100M

Five months after federal and state regulators accused identity theft protection company LifeLock of violating a 2010 settlement in which it paid $11 million for allegedly using false claims regarding effectiveness of its services, the company has been ordered to pay $100 million in penalties and refunds for once again misleading consumers.  [More]

Mortgage Relief Scammers Ordered To Pay $5.4M

Mortgage Relief Scammers Ordered To Pay $5.4M

Eight months after federal regulators took action to stop a mortgage relief company from making hollow promises to homeowners facing foreclosure, the ringleaders behind the operation have agreed to pay more than $5.4 million in penalties and never work in the mortgage relief or telemarketing business again.  [More]

Target Agrees To Pay Banks $39.4M For Expenses Resulting From 2013 Data Breach

Target Agrees To Pay Banks $39.4M For Expenses Resulting From 2013 Data Breach

Target continues to put the disastrous 2013 holiday-season data breach behind it, agreeing today to pay $39.4 million to banks claiming they lost money during the hack.  [More]

Company Must Pay $1.35M For Claiming Copper-Infused Sleeves Relieve Chronic Pain

Company Must Pay $1.35M For Claiming Copper-Infused Sleeves Relieve Chronic Pain

Slapping on a knee brace or wrapping your ankle might provide a bit of comfort for aches and pains related to physical activity, but who wants to do all that work when slipping on copper-infused compression clothing can take all your pain away? That seems like a simple, easy way to rid yourself of severe and chronic pain and inflammation, you know, if it were actually backed by science. But it apparently wasn’t, and now athletic apparel company Tommie Copper must pay for that little oversight – to the tune of $1.35 million. [More]

(EDMC on Linkedin)

UPDATE: For-Profit Education Company EDMC Agrees To Pay $95.5M To Settle Fraud, Recruitment Violations

UPDATE: Education Management Corporation, the operator of for-profit college chains such as Brown Mackie College, Argosy University and the Art Institutes, will pay $95.5 million to settle claims it violated state and federal False Claims Act (FCA) provisions regarding its recruiting practices.  [More]

JCPenney To Refund Customers $50M In False Advertising Settlement

JCPenney To Refund Customers $50M In False Advertising Settlement

JCPenney is putting a class-action lawsuit accusing the retailer of violating consumer protection laws by using deceptive discount practices behind it.  [More]

Wells Fargo To Pay $81.6M To Homeowners In Bankruptcy For Failure To Provide Payment Notices

Wells Fargo To Pay $81.6M To Homeowners In Bankruptcy For Failure To Provide Payment Notices

Wells Fargo has agreed to pay $81.6 million in relief to homeowners after the bank repeatedly failed to provide them with proper legal notices during bankruptcy proceedings.
[More]

Takata Must Pay $70M Fine For Failing To Report Deadly Exploding Airbag Defect, Repairs To Be Made By 2019

Takata Must Pay $70M Fine For Failing To Report Deadly Exploding Airbag Defect, Repairs To Be Made By 2019

UPDATE: The National Highway Traffic Safety Administration on Tuesday ordered Japanese parts maker Takata to pay $70 million – and an additional $130 million if it fails to abide by the agreement – marking the agency’s largest civil penalty in history. The regulator also announced it would use its authority to accelerate recall repairs to millions of vehicles equipped with shrapnel-shooting airbags for the first time.  [More]

Six Companies To Pay $30M Over Deceptive Prepaid Calling Card Ads

Six Companies To Pay $30M Over Deceptive Prepaid Calling Card Ads

With mobile phones and carrier long distance plans, the average consumer might not have much need for a calling card. But that doesn’t mean companies offering such products are exempt from scrutiny from federal regulators. As such, the Federal Communications Commission today announced a $30 million settlement with six companies over deceptive marking of prepaid calling cards.  [More]

UPS Agrees To Pay $4.2M To Resolve False Delivery Claims With 17 States

UPS Agrees To Pay $4.2M To Resolve False Delivery Claims With 17 States

We’ve all been there: you’re waiting for a package, you check the tracking, and it says they tried to deliver. Except you’ve been paying attention the whole time, and no knock has ever come. When it’s just one resident, that really stinks. When it’s a whole bunch of packages being delivered on government contracts, though, it’s lawsuit time. [More]

(Rosalyn Davis)

Settlement Between New York, Tobacco Companies Provides $550M For Smoking-Related Health Costs

A decades-long dispute between the New York Attorney General’s Office and major tobacco firms over payments the companies were required to make for smoking-related public-health costs, but refused to dish out, has come to an end. A new settlement between the parties directs the tobacco companies to deliver $550 million to the state, New York City and other counties.  [More]

(Bob Reck)

BP Must Pay $20.8 Billion In Finalized Settlement With Feds, Five States For 2010 Gulf Disaster

Three months after the Department of Justice and BP announced they had come to an agreement to put an end to the legal debacle related to the 2010 explosion at the Deepwater Horizon oil well in the Gulf of Mexico that left eleven people dead and released millions of gallons of oil into the water, the deal has been finalized for $20.8 billion — about $1.3 billion more than the oil company estimated in July.  [More]

Missouri Attorney General Suing Walgreens Over Pricing Practices… Again

Missouri Attorney General Suing Walgreens Over Pricing Practices… Again

Barely a year after Walgreens reached a deal with the Missouri attorney general to close the state’s investigation into allegations of overcharging and deceptive advertising, the state’s top prosecutor is taking the drugstore chain back to court. [More]