The Consumer Financial Protection Bureau (CFPB) has asked the United States Congress for the authority to supervise compliance of the Military Lending Act (MLA), the organization announced on Thursday (Jan. 17). In a statement, CFPB Director Kathleen Kraninger said she asked Congress to grant the organization...
January 30, 2019
The New York Department of Financial Services (DFS) announced it has fined Standard Chartered $40 million for attempting to rig transactions in foreign exchange (FX) markets between 2007 and 2013. The investigation found that Standard Chartered’s traders used illegal tactics to maximize profits or minimize losses at the expense of the bank’s customers, or customers at […]
January 18, 2019
The Consumer Financial Protection Bureau (CFPB) has asked the United States Congress for the authority to supervise compliance of the Military Lending Act (MLA), the organization announced on Thursday (Jan....
