Three weeks in, President Donald Trump’s second term has been anything but quiet. There was a blizzard of executive orders in the first week, covering everything from pausing a TikTok ban to reversing President Joe Biden’s artificial intelligence rules to renaming the Gulf of Mexico,...
The Trump administration is reportedly considering plans to shrink one of America’s banking regulation bodies. These talks propose folding the Federal Deposit Insurance Corp. (FDIC) into the Treasury Department, the Wall Street Journal reported late Tuesday (Feb. 11), citing sources familiar with the matter. In...
The Federal Trade Commission has a new general counsel and two new heads of bureaus. FTC Chairman Andrew N. Ferguson announced the appointments Monday (Feb. 10). The new director of the FTC’s Bureau of Consumer Protection is Christopher Mufarrige, a consumer protection lawyer who served...
The Consumer Financial Protection Bureau is shuttered — at least for now. In the wake of Russell Vought — head of the Office of Management and Budget — moving to the acting director role at the CFPB, supervisory and examination activities were halted Sunday (Feb....
The events of the Feb. 1 weekend are tough to get your head around. Elon Musk and his team at DOGE were given access to the U.S. Treasury payments system, perhaps the world’s most sensitive and potentially impactful. That’s about $5 trillion worth of flows...
Shein is reportedly facing a probe in Europe over its compliance with consumer laws. The investigation by the European Commission (EC) will look at whether the Chinese company is selling illegal products and could result in fines, Bloomberg News reported Monday (Feb. 3), citing sources familiar with the...
The Federal Trade Commission (FTC) is sending nearly $2.4 million to customers of fast-fashion retailer Fashion Nova, which the agency alleged prevented negative reviews from being posted on the company’s website. The FTC announced its complaint against Fashion Nova in January 2022 and finalized an...
The former head of the Federal Trade Commission (FTC) said private equity firms warrant closer White House attention. Americans face “catastrophic consequences” for America if President Donald Trump’s antitrust team fails to properly scrutinize this sector, Lina Khan, recently resigned chair of the FTC, told...
The U.K.’s Financial Conduct Authority may remove the 100-pound (about $123) contactless limit and “set new digital service standards” as part of its efforts to support the government’s growth mission. The regulator included these proposals in a Thursday (Jan. 16) letter to Prime Minister Keir...
