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]

Mike Matney

Operator Of Foreclosure Rescue Scheme Sentenced To Four Years In Prison

During the housing crisis, consumers in danger of losing their homes were often approached by unscrupulous companies making false promises they could help consumers delay foreclosures or evictions. One such company brought in nearly $3 million, and now the man behind the scenes is headed to prison.  [More]

Tracy O

Student Loan Debt Collector To Pay $700,000 For Unlawful Collection Practices

With more than 40 million consumers holding thousands of dollars in student loan debt, it’s no surprise that student loan debt collection is a growing business. Yet, these collectors must follow federal rules when it comes to enticing debtors to repay their obligations. Despite this, federal regulators say one company wasn’t following the rules, and must now pay $700,000.  [More]

Lenders, Real Estate Brokers To Pay More Than $5M For Alleged Kickback Scheme

Lenders, Real Estate Brokers To Pay More Than $5M For Alleged Kickback Scheme

The home buying process is complicated and expensive enough without mortgage servicers and real estate brokers tacking on illegal and costly fees. To that end, the Consumer Financial Protection Bureau has ordered Prospect Mortgage and three other companies to pay more than $5 million to settle allegations they participated in an illegal kickback scheme.  [More]

IKEA To Pay $50M To Families Of 3 Toddlers Killed In Dresser Tip-Overs

IKEA To Pay $50M To Families Of 3 Toddlers Killed In Dresser Tip-Overs

Six months after IKEA and the Consumer Product Safety Commission announced the recall of more than 29 million topple-prone Malm dressers now linked to four deaths, the furniture maker has agreed to pay $50 million to three of the affected families. [More]

dsuniaga

McDonald’s Will Pay $3.75M To Settle Franchisee’s Alleged Labor Violations

Two years after the National Labor Relations Board General Counsel declared that McDonald’s could be held responsible for franchisees’ bad labor practices, the fast food giant has agreed, for the first time, to pay $3.75 million to settle a lawsuit that claimed the company was liable for labor law violations by a California franchisee.  [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]

FanDuel, DraftKings To Pay $12M To Resolve False Advertising Allegations In New York

FanDuel, DraftKings To Pay $12M To Resolve False Advertising Allegations In New York

Daily fantasy sports companies DraftKings and FanDuel each agreed to pay $6 million to resolve New York’s claims that the companies engaged in false advertising.  [More]

Navy Federal Credit Union Ordered To Pay $28.5M Over Bad Debt Collection Practices

Navy Federal Credit Union Ordered To Pay $28.5M Over Bad Debt Collection Practices

Navy Federal Credit Union offers customers — current and former military servicemembers and their families — a wide range of financial products and services, including loans that must be repaid. But when those customers fell behind on those payments, federal regulators allege that NFCU illegally threatened borrowers and restricted access to their accounts. To resolve these allegations, the company must now pay $28.5 million in refunds and penalties. [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]

Mike Mozart

Santander Bank To Pay $10M Fine Over Alleged Illegal Overdraft Practices

Santander Bank has agreed to pay $10 million to settle federal regulatory allegations that it illegally charged overdraft fees to customers who didn’t affirmatively opt in to the bank’s overdraft policies.
[More]

Mike Mozart

Wells Fargo To Pay $8M To Settle West Virginia Lawsuit Against Company It Acquired in 2001

Eleven years ago, West Virginia accused an insurance broker called Acordia of improperly pocketing millions of dollars in commissions. Acordia is now doing business under the Wells Fargo banner, and the big bank has agreed to pay $8 million to settle this decade-old lawsuit. [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]

(Mike Mozart)

Walmart Stops Contesting $7,000 Fine For Worker Killed By Black Friday Shoppers In 2008

After six years and millions of dollars, Walmart plans to stop fighting a $7,000 fine imposed by the U.S. Occupational Safety and Health Administration related to the death of an employee during Black Friday. [More]

(northernplateguy)

U.S. Bank Ordered To Refund Customers $48M For Deceptive Add-Ons

Promising consumers a service and then never delivering on that promise is not a good way to do business. When those services are meant to protect consumers’ bank accounts, then you’re likely going to be in trouble with the Consumer Financial Protection Bureau. Such was the case today when the CFPB ordered U.S. Bank to pay more than $57 million in refunds and penalties for allegedly deceptive banking practices. [More]

Regulators: SunTrust Mortgage Must Provide $540M In Relief To Consumers Wronged By Shady Practices

Regulators: SunTrust Mortgage Must Provide $540M In Relief To Consumers Wronged By Shady Practices

Homeowners underwater with their mortgages and those who lost their homes to foreclosure could be seeing a bit of relief now that several federal agencies and state attorneys generals have filed an order requiring SunTrust Mortgage, Inc. to provide restitution for servicing wrongs. [More]