The event will explore legal and operational challenges in safeguarding digital assets. The U.S. Securities and Exchange Commission (SEC) will hold a public roundtable titled “Know Your Custodian:…
Read MoreFinancial Management System
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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Treasury Secretary Responds to Recession Concerns
He says that corrections are normal and recession cannot be ruled out. U.S. Treasury Secretary Scott Bessent recently said that there are “no guarantees“ when it comes to…
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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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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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CFPB Finalizes Rule Barring Medical Debt from Credit Reports
The bureau restored a provision of the 1970 Fair Credit Reporting Act. The Consumer Financial Protection Bureau (CFPB) issued a final rule to block credit reports from including…
Read MoreJ.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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Treasury Sanctions Network Connected to President of Bosnia and Herzegovina
The official has been accumulating wealth through patronage networks. The Department of the Treasury sanctioned an organization and an individual on Wednesday for supporting a patronage network connected…
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USDA and Reinvestment Fund Invest in Healthy Food Access
The initiative supports early-stage food retail projects to strengthen local access to affordable, nutritious foods. The U.S. Department of Agriculture (USDA), in collaboration with the Reinvestment Fund, is…
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