A bipartisan bill targeting Big Tech dominance passed the House of Representatives by a 242-184 vote on Thursday (Sept. 29) but in a scaled-down version from the original introduced in June 2021. Get the Full Story Complete the form to unlock this article and enjoy...
The Consumer Finance Protection Bureau (CFPB) has sued online lender MoneyLion, along with 38 of its subsidiaries, over allegedly imposing illegal charges for service members and dependents, a report from ConsumerFinance.gov said. Get the Full Story Complete the form to unlock this article and enjoy...
Banks in the U.K. will have to make good on the money their customers lose from the biggest type of payment fraud in Britain under a proposal by the Payment System Regulator (PSR). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
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Charging customers with surprise overdraft fees will cost Regions Bank a total of $191 million in customer redress plus a civil monetary penalty paid to the victims relief fund of the Consumer Financial Protection Bureau (CFPB). Get the Full Story Complete the form to unlock...
The U.S. Chamber of Commerce has joined several business organizations in suing the Consumer Financial Protection Bureau (CFPB), saying the agency is overstepping its bounds in new rules that deal with discrimination in banking. Get the Full Story Complete the form to unlock this article...
Goldman Sachs, Citigroup and other financial giants have agreed to pay regulators $1.1 billion in penalties for not monitoring employees using unauthorized messaging apps, according to a press release from the Securities and Exchange Commission (SEC) on Tuesday (Sept. 27). Get the Full Story Complete...
Federal Reserve Chair Jerome Powell thinks the crypto industry could cause broader financial turmoil in the future than it has so far, so there’s a need for better regulation, Bloomberg wrote. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Citigroup is undertaking drastic cutbacks on the amount of money it lends to private equity firms and other asset managers as big banks try to adhere to strict new regulations on capital. Get the Full Story Complete the form to unlock this article and enjoy...
