A former H&R Block tax preparer and a refund-anticipation loan company in New Mexico that allegedly cheated poor Navajo residents out of a quarter-million dollars are being sued by the U.S. Consumer Financial Protection Bureau and the Navajo Nation, the CFPB announced on Tuesday (April...
GE Capital will sell off about $275 billion in assets over the next two years in an effort to get rid of its designation as a Systemically Important Financial Institution (SIFI), GE announced on Friday (April 10). Get the Full Story Complete the form to...
PayPal is in settlement talks with the Consumer Financial Protection Bureau (CFPB) in the run-up to its split from eBay, the company said in a filing last week with the U.S. Securities and Exchange Commission (SEC) on Thursday (April 9). Get the Full Story Complete...
Citi Chief Economist Willem Buiter is arguing that cash should be outlawed, so central banks will be able to reduce interest rates below zero in times of crisis, according to Bloomberg News. Get the Full Story Complete the form to unlock this article and enjoy...
As lawmakers in the U.K. consider cracking down on the recent practice by big companies of waiting 90 to 120 days to pay smaller suppliers, it turns out the practice has quietly spread to U.S. manufacturers as well, according to The New York Times. Get...
A group lobbying to replace Andrew Jackson with a woman on the $20 bill has unveiled its Final Four: former first lady Eleanor Roosevelt, abolitionist Harriet Tubman, civil rights activist Rosa Parks, and Wilma Mankiller, the first woman elected chief of a major Native American...
In New Jersey, if you accept bitcoin as a retailer, you must collect sales tax — twice. That’s the word from the New Jersey Division of Taxation, which has issued a technical advisory memorandum spelling out the tax implications of cryptocurrency in the Garden State....
Despite complaints that the new rules are costly and difficult to follow, PayPal and its parent company eBay have announced that they will be the first U.S.-based companies to submit to new Russian rules that require Web companies to store Russian users’ data in Russia. Get the...
The rumors have resurfaced again – Google is looking to buy Twitter – and investors have taken notice with shares in the social media site jumping by almost 5 percent and adding a billion and a half to the company’s overall value. Get the Full...
