Tag #Financial Regulation

Showing 181 to 192 of 246 results

nrc.nl
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CFPB Shutdown Raises Concerns About Consumer Financial Protection

The Consumer Financial Protection Bureau (CFPB), a US agency protecting consumers from unfair financial practices, was effectively shut down by its new director, Russel Vought, following a tweet from Elon Musk signaling its end, raising concerns about the future of consumer financial protection.

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56% Bias Score

Reduced Inequality
nbcnews.com
🌐 85% Global Worthiness
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OMB Director Vought Takes Over as Acting Head of CFPB Amidst Government Consolidation

Russell Vought, OMB Director, replaced Scott Bessent as the acting head of the Consumer Financial Protection Bureau (CFPB) on Friday, amid the Trump administration's broader efforts to consolidate government agencies and reduce their regulatory power, leading to the CFPB's website and X account bein...

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68% Bias Score

Reduced Inequality
us.cnn.com
🌐 85% Global Worthiness
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CFPB Halts Operations, Raising Consumer Protection Concerns

Acting CFPB Director Russell Vought issued an order Saturday night halting nearly all agency operations, including oversight of financial institutions managing $18 trillion in consumer debt, following a previous order from Treasury Secretary Scott Bessent; the move is justified by Vought as implemen...

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44% Bias Score

Reduced Inequality
theguardian.com
🌐 75% Global Worthiness
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Trump Meme Coin's Rise and Fall Exposes Meme Coin Risks

Days before his inauguration, Donald Trump launched a meme coin, """$Trump""", which soared then plummeted; this, alongside other meme coins like """$Melania""", highlights the speculative nature of meme coins, their easy creation, and the risks for investors.

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52% Bias Score

Reduced Inequality
forbes.com
🌐 85% Global Worthiness
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CFPB's X Account Deactivated Amidst Pushback from Tech Leaders and Republicans

The CFPB's X account went offline after the appointment of a new acting director, reflecting ongoing tensions between the agency and tech and finance industry figures like Elon Musk, who has called for its abolishment, and Republicans who aim to weaken it.

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64% Bias Score

Reduced Inequality
politico.eu
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EU's Three Largest Economies Propose Banking Competitiveness Report

France, Germany, and Italy proposed a report to assess the competitiveness of the EU banking sector, citing lower valuations, declining market share, and limited scale compared to US banks; the report, modeled after the Draghi report, would offer policy recommendations by June 2026, impacting the 20...

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36% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 90% Global Worthiness
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CFPB Head Halts Agency Activities, Freezes Budget

Acting CFPB head Russell Vought froze the agency's budget and suspended all activities, leaving consumer financial companies without federal oversight; this followed the firing of Rohit Chopra and a directive from Treasury Secretary Scott Bessent, and drew condemnation from Democrats.

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60% Bias Score

Reduced Inequality
foxnews.com
🌐 85% Global Worthiness
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Vought Halts All CFPB Activities, Freezes $711.6 Billion

Russell Vought, newly appointed acting director of the CFPB, immediately halted all new rules, suspended effective dates of existing rules, stopped all investigations, and requested no further funding for the agency's $711.6 billion balance, citing it as excessive.

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36% Bias Score

Reduced Inequality
cnbc.com
🌐 85% Global Worthiness
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CFPB Shutdown: Funding Halted, Activities Suspended Amidst Musk's Involvement

Following the arrival of Elon Musk's DOGE employees at the CFPB, acting director Russell Vought suspended nearly all agency activities, halting funding and jeopardizing consumer protection initiatives that would save consumers tens of billions of dollars, while the CFPB headquarters is closed until ...

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48% Bias Score

Reduced Inequality
theguardian.com
🌐 85% Global Worthiness
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Thames Water Faces £18.2m Penalty for Unjustified Dividends Amidst Conflict of Interest Concerns

Thames Water, facing bankruptcy, paid £195.8 million in dividends, resulting in an £18.2 million penalty from Ofwat due to a suspected conflict of interest involving chair Sir Adrian Montague, who held positions at both Thames Water and its parent company; government officials raised concerns prior ...

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56% Bias Score

Clean Water and Sanitation
lemonde.fr
🌐 75% Global Worthiness
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France Certifies 2,000+ Influencers to Regulate Online Financial Advertising

The French advertising regulator, ARPP, has certified over 2,000 influencers since 2021, including 50 in finance, after a 3-hour training addressing transparency in online advertising, aiming to combat fraudulent offers.

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40% Bias Score

Reduced Inequality
theglobeandmail.com
🌐 85% Global Worthiness
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UBS Shares Fall 6 Percent Amid Concerns Over Stricter Swiss Capital Rules

UBS shares dropped as much as 6 percent on Tuesday despite exceeding fourth-quarter profit expectations, due to CEO Sergio Ermotti's warning about stricter Swiss capital rules that could impact the bank's buyback plans and future profitability, with a government proposal to be published in May.

Progress

56% Bias Score

Decent Work and Economic Growth

Showing 181 to 192 of 246 results