- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Adrianne Appel2024-04-29T20:30:00
The Federal Communications Commission (FCC) fined telecommunications giants T-Mobile, Sprint, AT&T, and Verizon a total of approximately $196 million for allegedly selling customers’ location data to third parties without consent.
T-Mobile and AT&T immediately responded that they would fight the fines.
The cases for the penalties, pending since 2020, began with an investigation into reports the carriers were disclosing customer location data to a Missouri sheriff through a third-party location-finding service operated by Securus, which specialized in providing communication services to prisons. Securus was tracking specific people using the data provided by the carriers, the FCC said.
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Sorenson Communications agreed to pay $34.6 million and implement a comprehensive compliance program to settle allegations levied by the Federal Communications Commission that its subsidiary illegally retained call content of users who relied on captions to make and receive calls.
The state of Texas forecasted “aggressive enforcement” of its upcoming data privacy law with the announcement of a dedicated team to oversee its implementation.
The Federal Communications Commission proposed a $2 million fine against Lingo Telecom for facilitating robocalls that used artificial intelligence to fake President Joe Biden’s voice after the company’s chief compliance officer was warned in February.
Former executives of Medly, an online pharmacy that is now shuttered, have been charged by the Securities and Exchange Commission with defrauding investors.
The Treasury Department’s Office of the Comptroller of the Currency ordered Wells Fargo to make “comprehensive corrective actions” to its Bank Secrecy Act/anti-money laundering and U.S. sanctions programs, along with receive permission from the OCC to offer new products and services or enter new geographic markets with “medium or high” ...
TD Bank has been ordered to pay $27.7 million and implement compliance measures, for providing inaccurate, negative credit information to credit agencies about tens of thousands of its customers and taking too long to fix the errors, the Consumer Financial Protection Bureau said.
