CFPB pushing to give consumers more control over their financial data
WASHINGTON — The Consumer Financial Protection Bureau on Thursday proposed a new rule to increase competition among banks by requiring…
White House announces new efforts to crack down on ‘tens of billions’ in junk fees
WASHINGTON — The White House on Wednesday announced new initiatives to rein in tens of billions worth of surcharges tied…
Lawmakers take aim at credit card interest rates, fees as cardholder debt tops $1 trillion
Some lawmakers and regulators are calling for interest rate caps and lower fees on credit cards as debt levels march…
SEC slaps Citadel Securities LLC with $7 million fine to settle short selling regulations charges
WASHINGTON — The Securities and Exchange Commission fined Citadel Securities LLC $7 million in a settlement of charges that the…
FTC sues Texas anesthesiology provider to bust monopoly
The Federal Trade Commission on Thursday sued the largest anesthesiology provider in Texas, claiming the company has wielded monopoly power…
Sen. Blumenthal plans action against telemarketing scams masquerading as political, charitable causes
Sen. Richard Blumenthal is moving ahead with new legislative efforts to combat telemarketing scams that have raised millions of dollars…
Electric utilities face billions in wildfire liability with aging power lines risking another catastrophe
Electric companies in the western U.S. are facing mounting lawsuits alleging that their failure to prepare for extreme weather has…
Wells Fargo repays clients $40 million for excessive investment advice fees
Wells Fargo paid back $40 million to almost 11,000 customers who for years were overcharged on fees for investment advice,…
CFPB to crack down on data brokers, Chopra says at White House event
WASHINGTON — The White House on Tuesday held a roundtable examining potentially harmful data broker practices, part of an administration…
Some crypto assets are securities, Manhattan judge says, complicating Coinbase and Ripple cases
A Manhattan federal judge said in an opinion that cryptocurrencies are considered securities regardless of how they are sold. It allows…
