Insurance company transfers $19 million to American customers to resolve accusations of persistent text message disturbances
The US Government recently suffered a significant loss of $17,000,000 over three days due to a viral ATM glitch tied to a jobs youth program [Regulators, Scams]. In a separate development, QuoteWizard, a company accused of violating the Telephone Consumer Protection Act (TCPA) by sending unsolicited telemarketing texts to consumers on the National Do Not Call Registry, is preparing to pay a $19 million settlement without admitting guilt [Regulators, Scams].
QuoteWizard's settlement resolves a class action lawsuit and offers compensation to consumers who received two or more telemarketing texts within any 12-month period while listed on the Do Not Call Registry. Class members who do not opt out will receive automatic payments, with a minimum payout of $76 for receiving two texts and $38 for each additional text thereafter 135. The final deadline to exclude oneself or object to the settlement is August 5, 2025, and a final approval hearing is scheduled for September 29, 2025 14.
The implications for consumers are substantial. This settlement reinforces TCPA enforcement against companies using telemarketing texts without proper consent, particularly for those on the Do Not Call Registry. It underscores consumer rights regarding telemarketing communications and potential remedies for violations 14.
Elsewhere, the financial landscape is dynamic. Bitcoin is predicted to experience a new breakout, with analysts citing reasons for the prediction [Bitcoin]. The future of finance, including macro, bitcoin, ethereum, crypto, and web 3, is under close scrutiny [Categories].
Meanwhile, Pepe Dollar (PEPD) presale is gaining momentum as Ethereum (ETH) hovers over $3,600. Margex has introduced a new market section for users, and DWF Ventures has published an analysis of SocialFi token creation app Zora [Industry Announcements].
Unfortunately, scams continue to plague the financial sector. A Bank of America customer was drained of $27,000 by scammers using an Apple Wallet trick, and a mechanic lost 25 years of life savings after a bank transaction ended up in scammers' accounts [Scams].
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- The dynamic financial landscape is showing potential for breakthroughs, with Bitcoin predicted to have a new surge, and various cryptocurrencies, such as Ethereum and altcoins, under close scrutiny.
- Regulatory enforcement against companies using telemarketing texts without consent remains stringent, as illustrated by QuoteWizard's settlement worth $19 million, with a focus on rights and remedies for consumers on the Do Not Call Registry.
