Facebook fraud becomes lightning rod

Banks and consumer advocates are taking social media to task, while Facebook tries to rein in fake profiles and scam ads.

By Shefali Kapadia • May 18, 2026

Judge fines payments processor Cliq

A federal court assessed a $6.5 million penalty over non-compliance in a 2015 Federal Trade Commission settlement but declined to appoint a receiver.

By Justin Bachman • May 18, 2026