U.S. Treasury collaborates with major banks and law enforcement to block Iranian sanctions evasion. U.S. Treasury Secretary Scott Bessent convened leaders from 16 major global financial institutions along…
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FTC Announces Settlement with Cash Advance Company
The lender falsely promised instant cash advances while charging higher than disclosed fees. The Federal Trade Commission (FTC) announced that an online cash advance company, Cleo AI, has…
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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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