Postal Worker Found Guilty of Stealing Mailed Checks

He stole over a million dollars in U.S. Treasury and private checks. The U.S. Attorney’s Office for the District of Columbia reported that a former U.S. Postal worker…

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SEC to Hold Roundtable on Artificial Intelligence

The agency will host discussions on the impact of AI on the financial industry. The Securities and Exchange Commission (SEC) announced a roundtable discussion will be held on…

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President Trump Considers Sanctions Against Russia

He seeks to facilitate peace negotiations ahead of discussions with Ukraine this week. President Donald Trump stated that he is “strongly considering” sanctions and tariffs against Russia to…

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Senators Introduce Bill to Cap Credit Card Interest

Senators Hawley and Sanders seek to limit credit card interest rates to 10 percent. Senators Josh Hawley of Missouri and Bernie Sanders of Vermont jointly introduced a bill…

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CFPB Sues Capital One for Cheating Customers Out of $2 Billion in Interest

The bureau alleges the company published misleading communications about new savings accounts. The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against the bank Capital One for…

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Treasury Department Targets Russian Sanctions-Evasion Network

Partnership with China facilitated payments for American goods. The Treasury Department sanctioned over 150 entities and individuals involved in a scheme to help Russia circumvent preexisting sanctions enforced…

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Supreme Court Considers Chicago Alderman’s Corruption Appeal

Justices question the distinction between false and misleading statements. The Supreme Court recently heard oral arguments in an appeal filed by a former Chicago politician. The justices seemed…

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Treasury Secretary Leads Financial Literacy and Education Meeting

She reviews the implementation required for the Treasury’s financial inclusion strategy. Secretary of the Treasury Janet Yellen spoke at a meeting of the Financial Literacy and Education Commission…

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FTC Issues Refunds to Consumers Misled by Credit Karma’s False “Pre-Approval” Claims

Refunds target misleading credit offers promising high odds of approval. The Federal Trade Commission (FTC) is distributing more than $2.5 million to nearly 51,000 consumers misled by Credit…

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J.P. Morgan Settles SEC Charges for Investor Misconduct

The firm agrees to pay over $151 million for misleading disclosures, fiduciary breaches, and conflicts of interest in multiple enforcement actions. The U.S. Securities and Exchange Commission (SEC)…

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