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Cash App Users To Get Refunds In $175M Order As Feds Target Fraud Cash App Users To Get Refunds In $175M Order As Feds Target Fraud
Cash App Users To Get Refunds In $175M Order As Feds Target Fraud Cash App's parent company will have to pay $175 million for poorly protecting its users from fraud and financial crimes on the payment platform, officials said. The Consumer Financial Protection Bureau ordered Block to refund up to $120 million to users harmed by fraud, the federal agency said in a news release on Thursday, Jan. 16. The parent company of Cash App, which has more than 56 million accounts, must also pay a $55 million fine into the CFPB’s victims relief fund. The CFPB found that Block failed to properly investigate unauthorized transactions and deprived users of…

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by Chris Spiker
Business
Capital One Kept $2B In Savings Account Interest From Banking Customers, CFPB Suit Says Capital One Kept $2B In Savings Account Interest From Banking Customers, CFPB Suit Says
Capital One Kept $2B In Savings Account Interest From Banking Customers, Cfpb Suit Says The federal government is suing Captial One, accusing the banking giant of deceiving consumers and withholding more than $2 billion in interest payments on savings accounts. The Consumer Financial Protection Bureau (CFPB) filed a lawsuit against Capital One and its parent company, the agency said in a news release on Tuesday, Jan. 14. The CFPB accused Capital One of marketing its "360 Savings" accounts as offering some of the nation's highest interest rates but froze those rates while competitors' rates climbed. Simultaneously, the bank introduced a nearly identical product, "360 …

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by Chris Spiker
Business
Alleged Eavesdropping Costs $95 Million As Apple Reaches Siri Settlement Alleged Eavesdropping Costs $95 Million As Apple Reaches Siri Settlement
Alleged Eavesdropping Costs $95 Million As Apple Reaches Siri Settlement Apple will pay a $95 million settlement regarding allegations that its virtual assistant, Siri, eavesdropped on users without their consent, according to multiple reports. The settlement, filed in federal court in Oakland, California this week, addresses a lawsuit that dates back five years and must be approved by a US District judge at a hearing on Friday, Feb. 14, Bloomberg Law reports. The lawsuit claims that Siri was activated to record conversations even when users did not use the launching phrase, “Hey, Siri.” These recordings were allegedly shared with third parties s to target user…

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by Joe Lombardi
News
Joe Fiordaliso, Former Livingston Mayor, Public Utilities President, Dies At 78 Joe Fiordaliso, Former Livingston Mayor, Public Utilities President, Dies At 78
Joe Fiordaliso, Former Livingston Mayor, Public Utilities President, Dies At 78 Joe Fiordaliso, the longtime president of the Board of Public Utilities and three-time mayor of Livingston, died at the age of 78, Gov. Phil Murphy announced on Thursday, Sept. 7. No cause of death was provided. Fiordaliso was appointed to Murphy's cabinet in 2018, having previously served as a commissioner on the New Jersey Board of Public Utilities since 2005.  Fiordaliso was born and raised in Newark and graduated from Montclair State in 1967. He taught at Vailsburg High School and Bloomfield High School. In 1988, he was elected to the Livingston Township Council, serving for three …

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by Sam Barron
News
Authorities: NJ Health Club Members Now Eligible For COVID-19 Closure Refunds, Credits Authorities: NJ Health Club Members Now Eligible For COVID-19 Closure Refunds, Credits
Authorities: NJ Health Club Members Now Eligible For Covid-19 Closure Refunds, Credits New Jersey health club members may be eligible for partial refunds or credits now that an emergency order has kept gyms closed for 30 days, state officials said Friday. “Under New Jersey law, if your health club facility is closed for more than 30 days, you generally are entitled either to extend your contract with the health club facility for a period equal to the length of the closure or to receive a prorated refund of the amount you paid,” state Attorney General Gurbir S. Grewal said. There are exceptions. The law on refunds/credits for health clubs that are closed for more than 30 days…

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by Jerry DeMarco
News
Lawsuit Filed In Essex County Deems Huffman Koos' Refund Policies Illegal Lawsuit Filed In Essex County Deems Huffman Koos' Refund Policies Illegal
Lawsuit Filed In Essex County Deems Huffman Koos' Refund Policies Illegal Furniture chain Huffman Koos enforced a return and refund policy that violates the Consumer Fraud Act, says a lawsuit filed recently in Essex County. The class-action lawsuit states that HK’s contracts refuse refunds and returns once the merchandise has been delivered or picked up, NJ.com reports. “Such a policy is contrary to New Jersey regulations, which require a furniture seller to offer a full and prompt refund when furniture is delivered in a damaged condition,” said Joseph A. Osefchen of DeNittis Osefchen Prince, P.C., which filed the suit last Thursday. These policies are considere…

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by Valerie Musson