Capital One’s $2 Billion Bait and Switch TL;DR Capital One aggressively marketed its “360 Savings” account with promises of “top,” “best,” and “highest” interest rates, encouraging millions of customers to deposit their money and trust the bank to deliver. In…
Shell’s Chemical Siege in Appalachia TL;DR A class-action lawsuit (Case No. 2:24-cv-193-MJH) accuses Shell Chemical Appalachia of torturing a Pennsylvania community with pollution from its massive ethylene cracker plant. The plant repeatedly violated its own air permit, releasing “noxious odors,…
EvilCorporations.com • Case No. 24-cv-4610 | CFPB v. Walmart Inc. & Branch Messenger, Inc. • 51 min read Gig Drivers Were Left Broke While Walmart Cashed In TL;DR Walmart ran a gig delivery program called Spark Driver and, starting in…
EvilCorporations.com • Case No. 2:24-cv-13442 • 30 min read Rocket Mortgage’s Ethics Just Crashed and Burned The federal government has accused America’s largest mortgage lender of running a kickback ring that silenced real estate agents, blocked first-time homebuyers from thousands…
THE CLIMB CREDIT FILE Case No. 1:24-cv-07868 TL;DR: The Receipts Climb Credit and its parent companies allegedly engaged in “deceptive and abusive acts” by falsely marketing student loans. They created a “sham” return-on-investment (ROI) analysis to give the appearance of…
Corporate Misconduct • Consumer Finance Apple and Goldman Sachs’ $89 Million Broken Promise to Customers EvilCorporations.com • CFPB File No. 2024-CFPB-0012 • 26 min read TL;DR Apple and Goldman Sachs ran a credit card together and broke federal consumer protection…
Predatory Lending / Class Action The Rent-a-Bank Racket: How CreditNinja Charges 225% Interest While Hiding Behind a Utah Bank EvilCorporations.com • Case No. 1:24-cv-09109, N.D. Ill. • 18 min read A Chicago-based fintech company figured out how to legally charge…
TL;DR Synchrony Bank, formerly GE Capital Consumer Lending, markets itself as a military-friendly financial institution. It runs a “Military Benefits Program” promising 0% interest to servicemembers, which goes above what federal law actually requires. When a servicemember returns from active…
Credit Suisse Bribed Its Way Into Mozambique and Left a Nation in Ruins EvilCorporations.com Corporate Accountability Project Criminal Case No. 1:21-cr-00521 Federal Criminal Charges | Eastern District of New York | 2013–2017 Credit Suisse Bribed Its Way Into Mozambique and…
Financial Crimes Desk • CFTC Enforcement Five Million Broken Reports: How Barclays Hid the Truth About Its Swaps For Five Years EvilCorporations.com • CFTC Docket No. 24-39 • 13 min read TL;DR From 2018 to 2023, Barclays Bank PLC failed…