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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
Politics
Cancelling That Gym Membership Is About To Get Much Easier Under NY Law Cancelling That Gym Membership Is About To Get Much Easier Under NY Law
Cancelling That Gym Membership Is About To Get Much Easier Under NY Law Ready to ditch that New Year’s fitness resolution already? New York is making it easier. A new state law set to take effect on Saturday, Feb. 1 requires gyms and health clubs to process and issue refunds within 10 business days of receiving a membership cancellation request. Gymgoers also cannot be penalized if the request is made within the first three days of signing a gym contract. The new law comes as welcome news for gym-goers who have long faced challenges when trying to cancel memberships. Democratic State Sen. Roxanne Persaud, who sponsored the bill, said it will empower New Yorke…

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by Michael Mashburn
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
Court Discontinues Lawsuit Claiming Finger Was Found In Salad At Northern Westchester Eatery Court Discontinues Lawsuit Claiming Finger Was Found In Salad At Northern Westchester Eatery
Court Discontinues Lawsuit Claiming Finger Was Found In Salad At Northern Westchester Eatery A court has discontinued a lawsuit filed against a restaurant chain by a Connecticut woman who claimed she found herself chewing on part of a severed human finger while eating a salad served at one of the company's locations in New York.  The lawsuit, filed against Rye Brook-based Chop't Creative Salad Company LLC by Fairfield County resident Allison Cozzi of Greenwich, was discontinued by the Westchester County Supreme Court on Thursday, July 11.  Cozzi, who brought the suit against Chop't in November, claimed she found part of a severed finger inside her meal…

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by Ben Crnic