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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Adrianne Appel2022-12-19T19:34:00
Epic Games, developer of the popular video game Fortnite, agreed to pay a record-breaking $520 million in penalties and restitution and adopt stronger privacy protections to settle allegations it violated online child privacy laws and employed illegal purchase patterns.
The developer violated the Children’s Online Privacy Protection Act (COPPA) and its related rule by collecting the names, email addresses, and other personal information of underage players without parental consent, the Department of Justice (DOJ) and Federal Trade Commission (FTC) alleged. Epic Games was further cited for violating the FTC Act by implementing default privacy settings that could harm younger players.
Epic Games agreed to pay $275 million in civil penalties as part of its settlement filed Monday in U.S. District Court for the Eastern District of North Carolina. The total is a record for a COPPA violation, the agencies noted.
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News and analysis for the well-informed compliance or audit exec. Select an option and click continue.
Annual Membership $499 Value offer
Full price one year membership with auto-renewal.
Membership $599
One-year only, no auto-renewal.
2023-06-21T19:55:00Z By Jeff Dale
The Federal Trade Commission filed a complaint against e-commerce giant Amazon for allegedly enrolling consumers into Amazon Prime without their consent and making it difficult to cancel Prime subscriptions.
2023-06-06T14:31:00Z By Kyle Brasseur
Microsoft agreed to pay $20 million as part of a settlement with the Federal Trade Commission addressing allegations its Xbox video game platform illegally collected and retained the personal information of children.
2023-06-01T20:34:00Z By Adrianne Appel
Amazon is set to pay more than $30 million comprised of a civil penalty and consumer refunds to resolve two separate cases alleging privacy violations regarding its Alexa voice assistant service and Ring doorbell subsidiary.
2025-01-14T19:58:00Z By Adrianne Appel
Capital One promised very high interest rates on millions of savings accounts but the bank didn’t deliver, losing customers more than $2 billion, the Consumer Financial Protection Bureau alleged.
2025-01-14T17:11:00Z By Aaron Nicodemus
Robinhood, a disruptive force in the market for Main Street investors but also a serial offender of securities laws, will pay a total of $45 million to settle numerous violations of SEC rules and regulations by two of its broker-dealers.
2025-01-13T17:32:00Z By Aaron Nicodemus
A broker-dealer subsidiary of Toronto-based BMO Financial Group will pay nearly $41 million in penalties to the Securities and Exchange Commission to settle allegations that its traders issued misleading disclosures on bonds for three years, causing $19 million in harm to its customers.
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