On Friday, the Consumer Financial Protection Bureau (CFPB) sued four financial companies involved with Zelle.
The Federal Trade Commission (FTC) has seen an alarming rise in gamified job scams over the past year. The FTC says that reports of job scams have quadrupled each year since 2022 topping out at 20,000 reports at a cost of $41 million in total during the first six months of the year.
Comcast is warning that hackers stole the personal data of more than 230,000 customers during a ransomware attack on a third-party debt collector, according to a court filing. The bad actors targeted a Pennsylvania-based debt collection agency called Financial Business and Consumer Solutions (FBCS.)
Another EV manufacturer bites the dust with Fisker officially declaring bankruptcy. The US-based startup filed for Chapter 11 protections late Monday, June 17, with plans to restructure its debt and sell its assets. Unfortunately, this means the Alaska EV with a designated cowboy hat space will likely never come to fruition.
FTX has filed a plan with a bankruptcy court to pay back creditors who held cryptocurrency at the embattled exchange. The vast majority of customers are set to get their money back with interest, though they (and the debtors) missed out on major gains in the crypto market since FTX’s dramatic collapse in November 2022 — the price of Bitcoin has more than tripled since then.
Block appears to be squarely in the government’s sights. Prosecutors from the Southern District of New York are reportedly probing extensive compliance lapses at the parent company of Square and Cash App.