Settlement FAQs

what is b settlement

by Mireille Mohr Published 3 years ago Updated 2 years ago
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It is a payment you received from the Bumble dating app, as a result of your claim submission last fall. The reason is named “B Settlement” rather than “ Bumble Settlement ” is for privacy reasons, as not everyone wants to be known for joining dating apps. Especially when paying for gold memberships, too.

Full Answer

What is B settlement on venmo?

The Federal Trade Commission has announced a settlement with Venmo, after allegations that the app misled customers and enabled fraud through lax security practices. Charges were first brought against Venmo in 2016 after reports of account hacks and other transaction fraud.

Who is B settlement on Zelle?

The Zelle business, launched in 2017, is a subsidiary of Scottsdale, Arizona parent company Early Warning Services, which in turn is owned by the biggest U.S. banks, including Bank of America and Wells Fargo. The lawsuit says that users sent $490 billion over the app last year.

What is the Bumble settlement?

Bumble did not admit any discrimination but agreed to resolve these allegations with a $1.3 million class action settlement. Under the terms of the settlement, class members could receive 20 free Bumble “SuperSwipes” on their account and a pro rata share of the net settlement fund.

Is the Bumble settlement real?

If you used the Bumble Dating App between May 29, 2016, and July 1, 2021, and you identified as a man interested in women while residing in California, this lawsuit may affect your rights. UPDATE: Distribution of Settlement awards to timely, valid claims began on June 9, 2022.

Can my bank account be hacked using my account number?

No bank account can be hacked without the connivance of an insider at the bank or the unknowing actions of the bank account holder. Clicking unknown links, giving banking details to unknown callers, entering your banking details on unsecured sites put you at risk. It's not possible.

Why is Zelle charging me a fee?

Zelle® doesn't charge a fee to send or receive money. We recommend confirming with your bank or credit union that there are no additional fees.

Is Bumble a discrimination?

A class action lawsuit had accused Bumble of discriminating against male app users who identified as being interested in women because the Bumble app only allows women to send messages first. The Bumble dating app grew to 100 million users in 2020, according to Business of Apps.

Can you sue Bumble?

You can exclude yourself from the Class if you want to be able to sue Bumble separately for the claims released by the settlement. However, if you exclude yourself, you will not receive any benefits offered in the settlement, nor will you be permitted to object to the settlement.

How does Bumble boost work?

Bumble Boost, meanwhile, allows users to extend a match by 24 extra hours for each of their matches (free users are given one extension per day), giving them an extra day to respond if they just can't think of something to say. Unlimited swipes: People using Bumble for free are given a finite number of swipes per day.

How much will I get from the Bumble Boost Settlement?

What does the Settlement provide? The Settlement establishes a $22.5 million fund, which will be used to pay Settlement Class Members after deductions for amounts that the Court may approve for notice and administration of the Settlement, attorneys' fees and expenses, and service awards for the Class Representatives.

How are Zelle payments settled?

Today, Zelle transactions are messaged in real time and the recipient has access to funds immediately, but the settlement of funds between the sender's and recipient's banks is managed through ACH. This means that the recipient banks may incur some settlement risk as they wait for the next ACH batch.

Can your bank account be hacked through Zelle?

Zelle is run by major banks, and is actually very safe from hacking.

How long does Zelle take to settle?

Once they're enrolled, it may take up to three business days for the funds to be deposited. If your payment is pending, confirm with the person they've enrolled with Zelle® and that you entered the correct email address or mobile phone number.

Can people steal information through Zelle?

Because Zelle is an easy way to send and receive money, it's also an easy way for hackers to steal it.

What is this Settlement about?

This settlement, arising from a class action antitrust lawsuit called In re: Blue Cross Blue Shield Antitrust Litigation MDL 2406, N.D. Ala. Master File No. 2:13-cv-20000-RDP (the “Settlement”), was reached on behalf of individuals and companies that purchased or received health insurance provided or administered by a Blue Cross Blue Shield company. Class Representatives (“Plaintiffs”) reached a Settlement on October 16, 2020 with the Blue Cross Blue Shield Association (“BCBSA”) and Settling Individual Blue Plans. BCBSA and Settling Individual Blue Plans are called “Settling Defendants.”

What is a settlement with Blue Cross Blue Shield?

Class Representatives (“Plaintiffs”) reached a Settlement on October 16, 2020 with the Blue Cross Blue Shield Association (“BCBSA”) and Settling Individual Blue Plans. BCBSA and Settling Individual Blue Plans are called “Settling Defendants.”. Plaintiffs allege that Settling Defendants violated antitrust laws by entering into an agreement not ...

How do I participate in the Settlement?

To make a claim and receive a payment, you must file a claim form online or by mail postmarked by November 5, 2021. Claims may be submitted online or by mail to:

Who decides whether to approve a settlement?

The Court in charge of this case still has to decide whether to approve the Settlement. Payments will be made if the Court approves the Settlement and after any appeals are resolved. Please be patient.

How did settlement defendants violate antitrust laws?

Plaintiffs allege that Settling Defendants violated antitrust laws by entering into an agreement not to compete with each other and to limit competition among themselves in selling health insurance and administrative services for health insurance. Settling Defendants deny all allegations of wrongdoing and assert that their conduct results in lower healthcare costs and greater access to care for their customers. The Court has not decided who is right or wrong. Instead, Plaintiffs and Settling Defendants have agreed to a Settlement to avoid the risk and cost of further litigation.

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What Is a Settlement Date?

The settlement date is the date when a trade is final, and the buyer must make payment to the seller while the seller delivers the assets to the buyer. The settlement date for stocks and bonds is usually two business days after the execution date (T+2). For government securities and options, it's the next business day (T+1). In spot foreign exchange (FX), the date is two business days after the transaction date. Options contracts and other derivatives also have settlement dates for trades in addition to a contract's expiration dates .

What causes the time between transaction and settlement dates to increase substantially?

Weekends and holidays can cause the time between transaction and settlement dates to increase substantially, especially during holiday seasons (e.g., Christmas, Easter, etc.). Foreign exchange market practice requires that the settlement date be a valid business day in both countries.

How far back can a forward exchange settle?

Forward foreign exchange transactions settle on any business day that is beyond the spot value date. There is no absolute limit in the market to restrict how far in the future a forward exchange transaction can settle, but credit lines are often limited to one year.

How long does it take for a stock to settle?

Most stocks and bonds settle within two business days after the transaction date . This two-day window is called the T+2. Government bills, bonds, and options settle the next business day. Spot foreign exchange transactions usually settle two business days after the execution date.

How long does it take to settle a stock trade?

Historically, a stock trade could take as many as five business days (T+5) to settle a trade. With the advent of technology, this has been reduced first to T=3 and now to just T+2.

What is the settlement agreement with National Systems America?

On January 14, 2021, the Division signed a settlement agreement with National Systems America, LP (NSA) to resolve claims based on its independent investigation into whether the company engaged in discrimination based on citizenship status in the hiring and employment eligibility verification processes in violation of 8 U.S.C. § 1324b (a) (1) (B) and (a) (6). The company recruits employees using a foreign company as its agent, and directly hires them to perform IT work for NSA clients. IER’s investigation concluded that the company (1) engaged in a pattern or practice of recruiting and hiring only U.S. citizens or U.S. citizens and lawful permanent residents for certain positions without legal justification, in violation of 8 U.S.C. § 1324b (a) (1) (B); and (2) on numerous occasions, requested copies of Permanent Resident Cards to confirm the citizenship status and work authorization of candidates who identified themselves as lawful permanent residents during the applicant screening process, in violation of 8 U.S.C. § 1324b (a) (6). Under the settlement agreement, the company will pay a civil penalty of $34,200 to the United States and train its employees on the requirements of the INA’s anti-discrimination provision, and be subject to departmental reporting requirements.

What is the settlement agreement with Adaequare?

(Adaequare) to resolve an independent investigation into whether the company engaged in citizenship or immigration status discrimination in violation of 8 U.S.C. § 1324b (a) (1) (B). IER’s investigation concluded that the company, which recruits workers for other entities, engaged in discrimination in the hiring or recruitment/referral for a fee processes by considering only applicants who were U.S. citizens and lawful permanent residents when filling a job for a client. Under the settlement agreement, the company will pay a civil penalty to the United States, train its employees on anti-discrimination obligations, and be subject to departmental reporting requirements.

What is the settlement agreement with Chancery Staffing?

On February 18, 2020, the Division signed a settlement agreement with Chancery Staffing Solutions LLC, aka TransPerfect Staffing Solutions , a legal staffing company headquartered in New York, NY. The Division had previously filed a lawsuit in May 2019 alleging that from at least April 4, 2017 to at least July 7, 2017, the company (while operating as TransPerfect Staffing), had implemented a client directive restricting its recruitment and hiring of attorneys for a document review project to U.S. citizens only, and later, to U.S. citizens without dual citizenship. Under the settlement agreement, Chancery Staffing will pay a civil penalty of $27,000, provide back pay to victims identified during the term of the settlement agreement, and participate in Division-provided training on the anti-discrimination provision contained in 8 U.S.C. § 1324b. Chancery Staffing will also obtain supporting documentation from clients that request a citizenship status restriction when staffing a project to help ensure that any such restriction is lawful.

What was the settlement agreement with Tuscany Hotel and Casino?

On October 10, 2012, the Department of Justice issued a press release announcing a settlement agreement with Tuscany Hotel and Casino resolving a lawsuit alleging the company discriminated against certain non-U.S. citizen s during the employment eligibility verification and reverification processes by requesting those individuals to provide more or different documents or information than required under Form I-9 rules based on their citizenship status. Under the terms of the settlement agreement, Tuscany agreed to pay a civil penalty of $49,000 to the government and full back pay to an economic victim. Tuscany will also receive OSC-sponsored training regarding the anti-discrimination provision of the INA, be subject to reporting and monitoring requirements, and will revise its employment eligibility verification procedures.

When did ChemArt settle?

ChemArt (Unfair Documentary Practices and Retaliation) June 2020. On June 3, 2020, IER signed a settlement agreement with ChemArt, a Rhode Island manufacturing company, resolving claims that the company discriminated against a worker during the employment eligibility verification process and then retaliated against her.

What is the Ikon settlement agreement?

On December 8, 2020, the Division signed a settlement agreement with Ikon Systems , LLC , resolving claims that Ikon routinely discriminated against U.S. workers (U.S. citizens, U.S. nationals, recent lawful permanent residents , asylees, and refugees) by posting job advertisements specifying a preference for applicants with temporary work visas, and that Ikon failed to consider at least one U.S. citizen applicant who applied to a discriminatory advertisement. Specifically, IER’s investigation found that from at least May 8, 2019, to September 21, 2019, Ikon posted at least eight job advertisements for information technology (“IT”) positions that solicited applications from non-U.S. citizens with immigration statuses associated with certain employment-based visas and, in so doing, harmed U.S. workers by unlawfully deterring or failing to fairly consider them for hire, including the Charging Party. Under the agreement, Ikon will pay a civil penalty of $27,000 to the United States, revise its policies and procedures, train relevant employees and agents on the requirements of the INA’s anti-discrimination provision, and be subject to departmental reporting requirements during the agreement’s two-year term. Separately, Ikon will pay the $15,000 to the Charging Party.

What was the Whiz lawsuit?

On May 30, 2012, the Department of Justice settled a lawsuit against Whiz International LLC (Whiz), an information technology staffing company, resolving allegations that the company discriminated against one of its employees when it terminated her in retaliation for expressing opposition to its alleged preference for foreign nationals with temporary work visas. Under the terms of the settlement, Whiz agreed to pay $21,870 in back pay/front pay to the terminated worker, $1,000 in civil penalties to the United States Treasury, and three years of monitoring and reporting requirements. Whiz will also undergo training by the Department of Justice and has agreed not to discriminate against any employee on the basis of national origin or citizenship status.

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