ICYMI: 12.28.22

Wells Fargo Agrees to $3.7B Fine

Wells Fargo agreed to a $3.7 billion settlement with the Consumer Financial Protection Bureau for misapplying customers’ mortgage and auto loan payments.

Deflating Salaries a growing trend on job postings 

Employers are using range deflation, posting artificially low salary ranges to avoid rising payroll, to limit the demands of potential hires.

Epic Games to Pay $520M to FTC

Epic Games has agreed to pay $520 million to settle allegations by the Federal Trade Commission. The FTC alleged that its videogame “Fortnite” collected personal data from players under the age of 13 without obtaining parental consent. 

Supply Chain Pressures Ease

Supply chain backlogs have eased, allowing consumer goods to reach consumers.

U.S. pushes for sale of TikTok

The Committee on Foreign Investment in the U.S. is proposing a forced sale of TikTok in the U.S. over concerns that user data could be used for espionage.