DOJ and SEC unveil charges in $1.9 billion HyperFund cryptocurrency fraud
The Department of Justice on Monday announced criminal charges against two people and the guilty plea of a third person…
Workers are paying to get part of their paychecks early. It’s ‘payday lending on steroids,’ one expert says
Millions of American workers are paying for early access to their paychecks. In some cases, it can come with a…
FTC fines Kubota $2 million in largest ever ‘Made in the USA’ penalty
WASHINGTON — The Federal Trade Commission on Friday announced that it fined Kubota, one of the world’s largest tractor manufacturing…
Biden administration unveils proposed changes to big banks’ overdraft fees
WASHINGTON — The Consumer Financial Protection Bureau on Wednesday unveiled long-awaited changes to how the nation’s biggest banks structure overdraft…
Amazon, Microsoft, Meta and others accused by rivals of not respecting new EU competition rules
A raft of major technology and media companies have signed an open letter accusing tech giants of failing to bring…
Morgan Stanley will pay $249 million to settle criminal, SEC block trade probes
Morgan Stanley has agreed to pay a total of $249 million to settle a criminal investigation and a related Securities…
Billions are on the line for lenders as White House finalizes credit card late fee cap
WASHINGTON — The Consumer Financial Protection Bureau’s ambitious rule proposal to crack down on credit card late fees, a $14.5…
U.S. Bank fined $36 million for freezing unemployment debit cards during Covid-19 pandemic
WASHINGTON — The Consumer Financial Protection Bureau on Tuesday announced it has fined U.S. Bank nearly $21 million for cutting…
Inflation fears down, consumer optimism up: Economy may start to help Biden with voters
Two new surveys released in recent days suggest consumers may be starting to feel more optimistic about inflation. This could…
Bank of America fined $12 million for mortgage disclosure violations by federal watchdog
WASHINGTON — The Consumer Financial Protection Bureau on Tuesday fined Bank of America $12 million for reporting false mortgage lending…
