Defying Legal Limits, Trump Firings Set Up Tests That Could Expand His Power
The prospect of legal challenges to President Trump’s purges may be a feature, not a bug, for adherents of sweeping ...
JD Supra5d
Financial Institutions Face New Risks in Allowing Consumers to Execute Wire Transfers Online
A recent court order issued in New York should concern any financial institutions that allow consumers to initiate wire ...
Cash App Ordered to Pay $255 Million in Penalties Over Fraud
The transfer-money app, owned by Jack Dorsey’s Block, racked up a hefty bill of fines and restitution for what federal ...
Trump's second term could mean the downfall of the FDIC, CFPB: Here's what that means for consumers
Here’s what experts say about the possible closure of the Federal Deposit Insurance Corporation or the Consumer Financial ...
Trump funding freeze a blatant violation of Constitution, federal law: Legal experts
The Constitution, federal law and court decisions make it clear: President Donald Trump's order to pause federal funding is ...
Yahoo Finance7d
Citibank faces New York lawsuit over fraud protection failings
New York Attorney General Letitia James ... Assistant Attorney General Chris Filburn with the Consumer Frauds and Protection Bureau is handling the matter. The bureau, led by Jane Azia and Laura ...
American Banker7d
New York to ban overdraft fees on charges of $20 or less
The New York Department of Financial Services has proposed several changes to overdraft fees including banning banks from ...
Whatever happens with TikTok, ‘finfluencers' are here to stay. Here's how to vet money advice on social media
TikTok came back online after Trump paused the ban. While the fate of the app remains to be seen, so-called “finfluencers” ...
Yahoo Finance25d
Consumer protection agency sues Walmart, Branch alleging illegal pay practices for gig drivers
NEW YORK (AP) — The Consumer Financial Protection Bureau has sued Walmart and work scheduling platform Branch Messenger for allegedly forcing delivery drivers that are part of the discounter's ...
Capital One sued by CFPB for allegedly cheating customers out of $2 billion
The U.S. Consumer Financial Protection Bureau is suing Capital One, claiming the company cheated customers out of $2 billion ...
Forbes27d
Trump Should Remake The CFPB Into The Consumer Fraud Protection Bureau
Add a new certainty for 2025: A new director of the Consumer Financial Protection Bureau (CFPB). Whoever the new director is (I’m willing to step in and step up, Mr. President), that person ...