fines

Brady O'Brien

Dish Network Ordered To Pay Record $280 Million For Illegal Telemarketing Calls

Sure, we say all the time that robocalls are annoying, and agencies like the FTC and FCC talk all the time about how some of them are illegal. But how much trouble does a big company get in these days for actually getting caught making the illegal calls? About $280 million, it turns out. [More]

(Mike Mozart)

Santander Bank To Pay $26M Over Subprime Auto Loan Practices

One of the nation’s largest providers of automobile financing, Santander Bank, has agreed to pay $26 million to end a two-state investigation into the financial institution’s alleged violation of state consumer protection laws related to its auto loan underwriting practices.  [More]

Keurig To Pay $5.8M Over Failure To Report Defective Coffee Brewers

Keurig To Pay $5.8M Over Failure To Report Defective Coffee Brewers

Under federal law, manufacturers, distributors, and retailers are required to immediately report information regarding possible safety defects to the Consumer Product Safety Commission within 24 hours of obtaining reasonable supporting evidence. Keurig allegedly didn’t follow that rule when it came to the Dec. 2014 recall of 7 million MINI Plus Brewing Systems, and now the company must pay $5.8 million.  [More]

Chris Blakeley

Equifax, TransUnion To Pay $23M For Misleading Consumers About Credit Monitoring

The nation’s three largest credit reporting agencies — TransUnion, Equifax, and Experian — not only collect consumers’ financial information to assist lenders in gauging whether or not someone is qualified for a loan, fit for a job, or can afford a place to live, they also provide people with credit-related products and resources that are meant to help them keep tabs on or improve their credit. But, according to federal regulators, Equifax and TransUnion haven’t been upfront about the costs and usefulness of these products, and now they’re on the hook for a total $23.1 million in fines and refunds.  [More]

Van Swearington / (Van Swearington)

Kia, Hyundai Agree To Pay $41.2M To 33 States & D.C. Over Fuel Economy Issues

Hyundai and Kia agreed Thursday to pay $41.2 million to dozens of states four years after it was revealed that the carmakers overstated the fuel efficiency of certain vehicles.  [More]

Vivienne Gucwa

Dear New Yorkers: Your Short-Term Airbnb Listing Could Lead To $7,500 Fine

It’s already illegal for New York residents to list their unoccupied apartments on Airbnb for less than 30 days, but now it’s illegal and it could cost them: Governor Andrew Cuomo on Friday signed into law a measure that penalizes hosts up to $7,500 for such listings.  [More]

JeepersMedia

Best Buy To Pay $3.8 Million For Selling Recalled Products

It’s against the law to sell any product that has been officially recalled by the U.S. Consumer Product Safety Commission, but back in 2014 Best Buy and its closeout stores were found selling electronics and furniture after they had been recalled. The retailer then allegedly continued selling additional recalled items well into 2015. Now, to close the book on these allegations, Best Buy has agreed to pay a $3.8 million penalty. [More]

Samuel M. Livingston

Report: Takata In Talks To Resolve Criminal Allegations From Deadly Airbag Debacle

Nearly two years after Takata announced it was subject to a federal criminal investigation related to its handling of shrapnel-shooting airbags, the Japanese auto parts maker is reportedly working to make a deal with the Justice Department to resolve allegations of criminal wrongdoing.  [More]

Short-Term Loan Startup LendUp Ordered To Pay $3.6M Over Alleged Lending Violations

Short-Term Loan Startup LendUp Ordered To Pay $3.6M Over Alleged Lending Violations

When a company promises to lend you money and rebuild your credit — all through your phone — it can be hard to pass up the offer, especially when you’re in a pinch. But what happens when that lender doesn’t deliver? It gets fined millions of dollars by the federal government, or at least that’s the case for online lender LendUp. [More]

moxythecat

Feds Fine TitleMax, TitleBucks Parent Company $9M Over Alleged Illegal Loan Practices

The terms and conditions for short-term, high-cost loans can often be confusing, making it difficult to decipher just how much a borrower will spend to repay an initial loan. That was apparently the case for TMX Finance, the company behind TitleMax, as federal regulators fined the company $9 million for allegedly luring consumers into costly loan renewals by presenting them with misleading information about monthly plans.  [More]

For-Profit College Operator Bridgepoint Agrees To Forgive $23.5M In Student Loans

For-Profit College Operator Bridgepoint Agrees To Forgive $23.5M In Student Loans

Two months after Bridgepoint Education, the operator of for-profit colleges Ashford University and the University of the Rockies, revealed it was being investigated by the Department of Justice over its federal student aid funding, another federal agency has ordered the company to forgive $23 million in student loans and pay an $8 million penalty over allegedly illegal student lending practices.  [More]

Rachel

Four Airlines Fined For Misinforming Passengers About Compensation For Lost Bags & Being Bumped

If you’re involuntarily bumped from an overbooked flight, or if your bags are lost, the airline owes you some form of compensation. It turns out that four carriers — American, United, Alaska, and Southwest Airlines — haven’t exactly been forthright with all their passengers when it comes to getting what they are owed. [More]

Adam Reker

Local Governments Say AT&T, Verizon Aren’t Paying 911 Fees

In much of the country, local 911 call centers are funded from mandatory fees of around $1/line placed on phone bills. However, recently filed lawsuits allege that AT&T, Verizon and others are slashing the 911 fees they charge business customers, resulting in hundreds of millions of dollars uncollected.  [More]

Will

Ashley Furniture To Pay $1.75M Over Worker Safety Violations

Following reports of more than 1,000 employee injuries, home furnishings retailer Ashley Furniture has agreed to pay $1.75 million to settle numerous allegations by the Occupational Safety and Health Administration.
[More]

frankieleon

British Airways, Lufthansa & Air France Fined For Treatment Of Disabled Passengers

Four months after the U.S. Department of Transportation fined United Airlines $2 million for violating rules protecting air travelers with disabilities, the agency is continuing to police the skies when it comes to disabled passengers. This time, levying fines against Lufthansa, British Airways, and Air France.  [More]

Rick Drew

Justice Department Advises Against Throwing Poor People In Jail For Not Paying Fines

While debtor prisons have long been outlawed, failure to pay a court-ordered fine or fee can get you locked up. But in a letter sent yesterday to state court administrators, the Department of Justice advises against using the penal system as a way to collect debts. [More]

Toyota Must Pay $22M For Charging Higher Interest To Non-White Borrowers

Toyota Must Pay $22M For Charging Higher Interest To Non-White Borrowers

Under the Equal Credit Opportunity Act, creditors are prohibited from discriminating against loan applicants based on race or national origin. But that was a rule Toyota’s financing unit allegedly violated, resulting in thousands of African-American, Asian and Pacific Islander borrowers paying higher interest rates than their white counterparts. Now, in an effort to resolve charges filed by the Consumer Financial Protection Bureau, Toyota Motor Credit Corporation must pay $21.9 million to wronged consumers.  [More]