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Congress repeals Trump-era regulations on payday lenders
Congress on Thursday overturned a set of regulations enacted in the final days of the Trump administration that effectively allowed payday lenders to avoid state laws capping interest rates.
Many in U.S. still face COVID-19 financial loss, AP-NORC poll finds
Roughly 4 in 10 Americans say they’re still feeling the financial impact of the loss of a job or income within their household as the economic recovery remains uneven one...
GameStop saga makes Wall Street an issue for Biden team
The drama surrounding the trading in shares of GameStop, AMC Entertainment, Blackberry and other beaten-down companies has suddenly thrust Wall Street near the top of a crowded list of issues...
Wells Fargo to pay $3B to resolve probes into fake accounts
Wells Fargo agreed Friday to pay $3 billion to settle criminal and civil investigations into a long-running practice whereby company employees opened millions of unauthorized bank accounts in order to...
Goldman Sachs to pay $109.5 million for trading violations
Goldman Sachs agreed Tuesday to pay a combined $109.5 million in fines to federal and New York state authorities to settle charges that the investment bank's currency traders unlawfully shared...
Consumer agency spends $6,000 on frosting windows in new HQ
The Consumer Financial Protection Bureau spent more than $6,000 frosting the windows on the offices of senior staff in recent months, according to receipts and documents obtained by The Associated...
Under Trump, a voice for the American consumer goes silent
In the 135 days since the Trump administration took control of the nation's consumer watchdog agency, it has not recorded a single enforcement action against banks, credit card companies, debt...
Citigroup puts restrictions on gun sales
Citigroup put new restrictions on firearm sales by its business customers, the company said Thursday, making it the first bank to announce changes to its policies in the wake of...
Payday lenders, watchdog agency exhibit cozier relationship
The former CEO of a payday lending company that had been under investigation by the Consumer Financial Protection Bureau has asked to be considered for the top job at the...
Mulvaney requests no funding for consumer agency in 2Q
The Trump-appointed acting director of the federal government's consumer watchdog agency requested zero dollars of funding for its second-quarter budget, saying he intends to first spend down the agency's rainy...