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All Posts Tagged Tag: ‘Fines’

AT&T Fined $100M for Throttling ‘Unlimited’ Plans

AT&T Fined $100M for Throttling ‘Unlimited’ Plans

The Federal Communications Commission is set to fine AT&T $100 million for misleading customers about unlimited data plans. According to the FCC, “AT&T severely slowed down the data speeds for customers with unlimited data plans and that the company failed to adequately notify its customers that they could receive speeds slower than the normal network speeds AT&T advertised.” In other …

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Verizon, Sprint Pay $158M for ‘Cramming’ Bogus Charges

The Federal Communications Commission has announced that Verizon and Sprint will pay a combined $158 million to settle “cramming” investigations, wherein the Commission found that the carriers were cramming unauthorized charges onto customers’ bills. The majority of such charges came from so-called “premium text services”. “For too long, consumers have been charged on their phone bills for things they did …

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Bridgestone fined $425 Million For Price Fixing

The U.S. Department of Justice today announced that Bridgestone Corp has agreed to plead guilty to charges related to automotive industry price fixing. The company will pay a $425 million fine for colluding to artificially raise prices on certain rubber vehicle parts. In agreeing to plead guilty, Bridgestone has admitted that it was part of a conspiracy to rig bids …

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Here’s What Texting While Driving Will Cost You in the US

If you’re caught texting while driving, the fine you could be forced to pay varies wildly depending on which US state you’re in when you’re caught in the act. According to a handy map compiled by Mother Jones, the lowest maximum fine for a first-time offender resides in California at just $20. And according to the map, you really don’t …

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JPMorgan Refunds $389 Million to Customers for Ill-Suited Credit Card Practices

JPMorgan Chase & Co. have had coarse week that has cost them well over $1 billion in fines and refunds. Only hours following the announcement of admission in the London Whale trade devastation, which cost the bank $920 million in fines, JPMorgan made yet another announcement. The bank informed the public that they’d executed a massive reimbursement of over $309 …

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Wentworth Miller Shares Important Personal News

Female fans of the popular hit series Prison Break may be letting out a collective sigh of disappointment this evening as Wentworth Miller has announced the reason behind his decision not to attend the St. Petersburg International Film Festival as the respected guest of honor. His reason, released in the form of a letter, as many popular and significant rejections …

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Square Pays $507K Fine for Operating without Proper License in Florida

Mobile payments company Square has agreed to pay a fine in the state of Florida for operating without the proper licensing. Square entered a payment of $507,000 to Florida’s Office of Financial Regulation on July 24th, after the Office found that they had been operating without a money transmitter license. Under Florida law, any company that offers payment or processing …

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NASDAQ Fined $10 Million For Botched Facebook IPO

To say the Facebook IPO was a disaster might be a bit of an understatement. A few days after the social network went public, reports emerged that a technical issue prevented trading and many investors lost money as the stock’s value tanked. Those same investors brought lawsuits against the NASDAQ and the SEC launched an investigation into the IPO. That …

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Google Fined $190K For Wi-Fi Data Collection In Germany

Google is still taking heat and being fined over the Wi-Fi data collection fiasco that took place between 2008 and 2010. This morning, Bloomberg reports that a German regulator has fined the company 145,000 euros ($189,230) over the debacle. From Bloomberg’s Karin Matussek: Hamburg data regulator Johannes Caspar said in an e- mailed statement today. He had reopened the probe …

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AT&T Fined $700,000 by the FCC Over Plan-Switching

The U.S. Federal Communications Commission this week issued an Enforcement Bureau consent decree stating that AT&T has agreed to pay $700,000 to the U.S. Department of Treasury to “resolve complaints that the company switched certain consumers to its mandatory monthly wireless data plans even though it had promised they could retain their existing pay-as-you-go data plans.” AT&T is also now …

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