Bank of America may ask a court to resolve the Consumer Financial Protection Bureau’s (CFPB) investigation of the bank’s processing of payments through the Zelle network. The bank said in a Tuesday (Oct. 29) filing with the Securities and Exchange Commission (SEC) that it has...
The FBI is reportedly investigating a Silicon Valley venture capital group’s ties to China. Hone Capital launched with the help of a Chinese private equity group in 2015. Now, investigators are looking into whether the firm passed trade secrets to the Chinese government, the Financial...
The Federal Communications Commission (FCC) has reached a settlement with AT&T that resolves the agency’s investigation into a January 2023 hack in which AT&T customer information was taken from a vendor’s cloud environment. A consent decree resolving this investigation requires AT&T to pay $13 million...
Five states have settled their actions against organizations collectively known as GSB Group and their chairman of the board Josip Heit. This move followed an investigation launched in October 2023 and led by the Texas State Securities Board and agencies from Alabama, Arizona, Arkansas and...
June 05, 2024
The respective online “walls of shame” that U.S. and U.K. regulators have proposed to erect — spotlighting companies under various investigations — may have a chilling effect on competition and innovation. As has been reported in recent days, the Consumer Financial Protection Bureau (CFPB) issued a final rule to establish a registry of nonbank financial companies […]
September 21, 2020
Gross negligence – or evidence of a battle waged by banks that requires new, high-tech weaponry? To that end, and as reported by BuzzFeed, documents submitted by banks to the...
November 01, 2024
Capital One disclosed Thursday (Oct. 31) that it could face an enforcement action by the Consumer Financial Protection Bureau (CFPB) regarding its introduction of a new savings account product with a higher interest rate than its existing savings account products. The regulator sent the bank a Civil Investigative Demand in August after Capital One was […]
October 30, 2024
Bank of America may ask a court to resolve the Consumer Financial Protection Bureau’s (CFPB) investigation of the bank’s processing of payments through the Zelle network. The bank said in...
September 25, 2024
The FBI is reportedly investigating a Silicon Valley venture capital group’s ties to China. Hone Capital launched with the help of a Chinese private equity group in 2015. Now, investigators...
September 17, 2024
The Federal Communications Commission (FCC) has reached a settlement with AT&T that resolves the agency’s investigation into a January 2023 hack in which AT&T customer information was taken from a...
