By
Adrianne Appel2026-01-14T21:47:00
The Federal Trade Commission (FTC) asked a court to hold the payment processor Cliq in contempt for allegedly “flagrantly” violating a 2015 order that the company monitor transactions for illegal charges and activity.
The 2015 order the FTC imposed on Cliq, formerly known as CardFlex Inc., its chief executive, Andrew Phillips, and chief technology and security officer, John Blaugrund, charged that the company had processed more than $26 million in illegal consumer charges on behalf of a company called iWorks.
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2025-07-08T19:50:00Z By Aaron Nicodemus
Federal banking regulators have laid the blame for Discover Financial Services charging merchants $1 billion in excessive credit card fees over 17 years squarely at the feet of company executives.
2025-01-21T14:49:00Z By Aaron Nicodemus
American Express will pay approximately $230 million in fines and penalties to settle allegations that it deceptively marketed credit card and wire transfer products, and also misrepresented the tax benefits of two payroll wire transfer products.
2024-10-24T17:54:00Z By Adrianne Appel
Apple and Goldman Sachs have agreed to pay $89 million for alleged gross customer service failures related to Apple Card, the Consumer Financial Protection Bureau said.
2026-01-14T23:26:00Z By Neil Hodge
The U.K. government’s spat with Big Tech owner Elon Musk over the more risque capabilities of X’s AI assistant Grok has exposed more cracks than the chatbot was ever meant to.
2026-01-13T20:05:00Z By Adrianne Appel
The U.S. Securities and Exchange Commission dropped its case against Rio Tinto’s former chief financial officer, who has battled charges for eight years.
2026-01-12T13:55:00Z By Adrianne Appel
The owner of a medical supply company allegedly billed federal health programs $30 million for items that were unnecessary and tainted by kickbacks, according to the Department of Justice (DOJ).
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