High Retail Credit Card APRs Persist Despite Fed Rate Cuts
Despite the Federal Reserve lowering interest rates, many retail credit cards continue to charge high APRs; a recent CFPB report found 19% of retail cards had APRs above 35%, and the average APR for new cards from top retailers was 32.66% in December 2024.
High Retail Credit Card APRs Persist Despite Fed Rate Cuts
Despite the Federal Reserve lowering interest rates, many retail credit cards continue to charge high APRs; a recent CFPB report found 19% of retail cards had APRs above 35%, and the average APR for new cards from top retailers was 32.66% in December 2024.
Progress
44% Bias Score
CFPB Sues Major Banks Over $870 Million in Zelle Fraud Losses
The Consumer Financial Protection Bureau (CFPB) filed a lawsuit against Bank of America, JPMorgan Chase, and Wells Fargo, alleging they rushed the launch of Zelle, leading to over $870 million in user fraud losses since 2017 due to inadequate security measures.
CFPB Sues Major Banks Over $870 Million in Zelle Fraud Losses
The Consumer Financial Protection Bureau (CFPB) filed a lawsuit against Bank of America, JPMorgan Chase, and Wells Fargo, alleging they rushed the launch of Zelle, leading to over $870 million in user fraud losses since 2017 due to inadequate security measures.
Progress
48% Bias Score
Van Lienden Trial Begins Amidst Pelicot Verdict and EU Summit
Today marks the start of the Sywert van Lienden trial in Rotterdam, Netherlands, concerning a face mask deal, alongside the awaited verdict in the Gisèle Pelicot rape case in Avignon, France, and Putin's annual address; the EU summit addresses migration, Ukraine, and the Middle East.
Van Lienden Trial Begins Amidst Pelicot Verdict and EU Summit
Today marks the start of the Sywert van Lienden trial in Rotterdam, Netherlands, concerning a face mask deal, alongside the awaited verdict in the Gisèle Pelicot rape case in Avignon, France, and Putin's annual address; the EU summit addresses migration, Ukraine, and the Middle East.
Progress
28% Bias Score
Rogue Builder Jailed for £1.6m Home Improvement Fraud
A West Midlands rogue builder, Adam Jones, was jailed for three years and nine months for defrauding homeowners of £1.6 million through Advannnced Construction Ltd. between April 2021 and June 2023; he used their payments to fund a lavish lifestyle, leaving victims with incomplete or defective work.
Rogue Builder Jailed for £1.6m Home Improvement Fraud
A West Midlands rogue builder, Adam Jones, was jailed for three years and nine months for defrauding homeowners of £1.6 million through Advannnced Construction Ltd. between April 2021 and June 2023; he used their payments to fund a lavish lifestyle, leaving victims with incomplete or defective work.
Progress
36% Bias Score
Ozy Founder Carlos Watson Sentenced to 10 Years for Fraud
Carlos Watson, founder of Ozy Media, was sentenced to 10 years in prison for defrauding investors by inflating Ozy's performance metrics between 2018 and 2021, resulting in approximately \$50 million in illicit funds; two other executives also pleaded guilty.
Ozy Founder Carlos Watson Sentenced to 10 Years for Fraud
Carlos Watson, founder of Ozy Media, was sentenced to 10 years in prison for defrauding investors by inflating Ozy's performance metrics between 2018 and 2021, resulting in approximately \$50 million in illicit funds; two other executives also pleaded guilty.
Progress
44% Bias Score
Berlin Man Sentenced to 4.5 Years for €4 Million Coronavirus Testing Fraud
A 39-year-old businessman in Berlin was sentenced to four and a half years in prison and ordered to repay nearly €4 million for fraudulently billing the Kassenärztliche Vereinigung for coronavirus tests performed at four centers he operated via a shell company between April 2021 and March 2022.
Berlin Man Sentenced to 4.5 Years for €4 Million Coronavirus Testing Fraud
A 39-year-old businessman in Berlin was sentenced to four and a half years in prison and ordered to repay nearly €4 million for fraudulently billing the Kassenärztliche Vereinigung for coronavirus tests performed at four centers he operated via a shell company between April 2021 and March 2022.
Progress
44% Bias Score
Dutch Entrepreneurs Face Trial for Alleged 100 Million Euro Mask Deal Fraud
Three Dutch entrepreneurs stand trial in Rotterdam, accused of defrauding Randstad, Coolblue, and the Dutch government in a 100 million euro mask deal during the COVID-19 pandemic; they deny the charges and claim they are victims of a smear campaign.
Dutch Entrepreneurs Face Trial for Alleged 100 Million Euro Mask Deal Fraud
Three Dutch entrepreneurs stand trial in Rotterdam, accused of defrauding Randstad, Coolblue, and the Dutch government in a 100 million euro mask deal during the COVID-19 pandemic; they deny the charges and claim they are victims of a smear campaign.
Progress
56% Bias Score
Dutch Entrepreneurs Face Fraud Trial Over COVID-19 Mask Deal
Three Dutch entrepreneurs stand trial in Rotterdam for allegedly defrauding the government and private companies during the COVID-19 pandemic by profiting millions from a mask deal, using a commercial business structure despite claiming non-profit status; the case involves 17,000 pages of evidence a...
Dutch Entrepreneurs Face Fraud Trial Over COVID-19 Mask Deal
Three Dutch entrepreneurs stand trial in Rotterdam for allegedly defrauding the government and private companies during the COVID-19 pandemic by profiting millions from a mask deal, using a commercial business structure despite claiming non-profit status; the case involves 17,000 pages of evidence a...
Progress
48% Bias Score
Rodeo Collapse Exposes Tech Industry's Vulnerability to Fraud
Dutch software company Rodeo declared bankruptcy after an NRC investigation exposed fabricated growth figures and false claims of prestigious clients like Google and Meta; founder Pieter Vos is now under investigation by the Public Prosecution Service.
Rodeo Collapse Exposes Tech Industry's Vulnerability to Fraud
Dutch software company Rodeo declared bankruptcy after an NRC investigation exposed fabricated growth figures and false claims of prestigious clients like Google and Meta; founder Pieter Vos is now under investigation by the Public Prosecution Service.
Progress
48% Bias Score
Parisian Rental Scam Highlights Booking.com Vulnerability
A 23-year-old Parisian job seeker, Judith C., was nearly scammed out of \u20ac1,650 by a fraudulent rental listing that appeared legitimate due to the use of Booking.com; however, Booking.com confirmed that the listing was not theirs.
Parisian Rental Scam Highlights Booking.com Vulnerability
A 23-year-old Parisian job seeker, Judith C., was nearly scammed out of \u20ac1,650 by a fraudulent rental listing that appeared legitimate due to the use of Booking.com; however, Booking.com confirmed that the listing was not theirs.
Progress
44% Bias Score
HSBC Sued for \$23 Million in Scam Losses Due to Systemic Fraud Control Failures
Australia's corporate regulator is suing banking giant HSBC for failing to protect hundreds of customers who lost over \$23 million to scams between January 2020 and August 2024 due to alleged systemic gaps in its fraud control systems, slow investigations, and inadequate prevention measures.
HSBC Sued for \$23 Million in Scam Losses Due to Systemic Fraud Control Failures
Australia's corporate regulator is suing banking giant HSBC for failing to protect hundreds of customers who lost over \$23 million to scams between January 2020 and August 2024 due to alleged systemic gaps in its fraud control systems, slow investigations, and inadequate prevention measures.
Progress
52% Bias Score
North Korean Cyberattacks Target Australian Businesses
North Korean IT workers, posing as remote employees, infiltrated Australian businesses, stealing data and extorting payments totaling $88 million to fund weapons programs, according to a Google executive, echoing US indictments of 14 North Korean nationals for a similar operation.
North Korean Cyberattacks Target Australian Businesses
North Korean IT workers, posing as remote employees, infiltrated Australian businesses, stealing data and extorting payments totaling $88 million to fund weapons programs, according to a Google executive, echoing US indictments of 14 North Korean nationals for a similar operation.
Progress
40% Bias Score