Tag #Financial Regulation

Showing 169 to 180 of 246 results

npr.org
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CFPB Enforcement and Supervision Heads Resign Amidst Agency Shutdown

The heads of supervision and enforcement at the CFPB, Lorelei Salas and Eric Halperin, resigned on Tuesday, citing stop-work orders from acting Director Russell Vought that halted all agency operations, jeopardizing consumer protection efforts that previously secured $9.5 billion in penalties and re...

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abcnews.go.com
🌐 85% Global Worthiness
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Trump Administration Halts Consumer Financial Protection Bureau

The Trump administration halted the Consumer Financial Protection Bureau (CFPB), suspending rules on bank overdraft fees and medical debt, prompting protests and resignations; the agency has returned nearly $20 billion to consumers since its creation.

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48% Bias Score

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politico.eu
🌐 75% Global Worthiness
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UK Regulatory Decisions Strain Post-Brexit Financial Ties with EU

The UK's delayed implementation of Basel III banking rules and proposed cap on card transaction fees have angered the EU, creating friction in their post-Brexit financial services relationship despite ongoing talks and some areas of cooperation.

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52% Bias Score

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faz.net
🌐 75% Global Worthiness
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Hessian Cabinet Meets in Frankfurt to Boost Financial Sector

The Hessian state government's new Financial Center Cabinet met at Commerzbank headquarters in Frankfurt on Wednesday to address challenges faced by German banks, including bureaucratic burdens and potential takeovers, aiming to strengthen Frankfurt's position as Europe's leading financial center.

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56% Bias Score

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abcnews.go.com
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CFPB Shutdown: Musk and Trump Halt Consumer Protections

Elon Musk and the Trump administration are attempting to shut down the Consumer Financial Protection Bureau (CFPB), an independent agency responsible for protecting consumers from unfair financial practices, halting its operations and potentially jeopardizing billions of dollars in consumer protecti...

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48% Bias Score

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zeit.de
🌐 75% Global Worthiness
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Consumer Protection Agency Sues Trade Republic Over Misleading Interest Rate and Deposit Insurance Claims

The Baden-Württemberg consumer protection agency sued Trade Republic in Berlin for misleading advertising about its 3% interest rate and deposit insurance, claiming that only deposits in partner banks are fully protected, while investments in money market funds are not.

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40% Bias Score

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forbes.com
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Powell's Crypto Statement Signals Potential Return to "Free Banking

Federal Reserve Chair Jerome Powell indicated that banks should be allowed to offer cryptocurrency services, potentially ushering in a new era of "free banking" similar to historical models in Scotland and the pre-Civil War United States, characterized by market discipline and reduced government reg...

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56% Bias Score

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elmundo.es
🌐 75% Global Worthiness
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CNMV Investigates Meta for Unauthorized Financial Ads

The Spanish CNMV is investigating Meta for allowing ads from unauthorized investment firms on its platforms, mirroring its sanction of Twitter for similar violations; this follows a 2023 law change increasing platform responsibility for vetting financial advertisers.

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48% Bias Score

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faz.net
🌐 75% Global Worthiness
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Czech National Bank Rejects Bitcoin as Reserve Asset

The Czech National Bank, initially considering Bitcoin as a reserve asset, has decided against the investment after criticism from officials, instead opting for a broader analysis of other asset classes such as corporate bonds and real estate funds for diversification.

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52% Bias Score

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edition.cnn.com
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Musk's Conflict of Interest: CFPB Dismantling Amid X's Financial Expansion

Elon Musk, CEO of X and Tesla, is accused of a conflict of interest for simultaneously dismantling the CFPB while expanding X's financial services, raising concerns about consumer protection; the CFPB's acting director instructed employees to "stand down" from all work after the CFPB's X account was...

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theguardian.com
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Bank of England Governor Warns Against Relaxing Post-2008 Financial Regulations

Bank of England Governor Andrew Bailey cautioned against relaxing post-2008 financial regulations in response to Chancellor Rachel Reeves's push for deregulation to boost economic growth, citing the lasting economic damage from the 2008 financial crisis as a warning against loosening constraints.

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56% Bias Score

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theglobeandmail.com
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Trump Administration Shuts Down Consumer Financial Protection Bureau

The Consumer Financial Protection Bureau (CFPB) was shut down over the weekend by the Trump administration, following the firing of its director and the order to cease all supervision and examination activity; this action has sparked outrage amongst Democrats and progressives, and raises concerns ab...

Progress

56% Bias Score

Reduced Inequality

Showing 169 to 180 of 246 results