Trump Allies' FDIC Dismantling Proposals Spark Concern
Proposals to dismantle the FDIC, the agency insuring bank deposits, have emerged from President-elect Trump's allies, sparking concerns about the potential for bank runs and the loss of public trust in the safety of deposits, despite experts' belief that Congress is unlikely to support such a move.
Trump Allies' FDIC Dismantling Proposals Spark Concern
Proposals to dismantle the FDIC, the agency insuring bank deposits, have emerged from President-elect Trump's allies, sparking concerns about the potential for bank runs and the loss of public trust in the safety of deposits, despite experts' belief that Congress is unlikely to support such a move.
Progress
52% Bias Score
Proposals to Dismantle FDIC Spark Concerns Over Financial Stability
Proposals to dismantle the Federal Deposit Insurance Corporation (FDIC), which insures bank deposits, are emerging from President-elect Trump's allies, despite widespread opposition from experts who warn of the potential risks to financial stability and public trust.
Proposals to Dismantle FDIC Spark Concerns Over Financial Stability
Proposals to dismantle the Federal Deposit Insurance Corporation (FDIC), which insures bank deposits, are emerging from President-elect Trump's allies, despite widespread opposition from experts who warn of the potential risks to financial stability and public trust.
Progress
52% Bias Score
Economists Warn City Expansion Threatens UK Economic Stability
Fifty economists warned that expanding the City of London's financial sector, as proposed by the Chancellor and Rachel Reeves, risks undermining economic growth and stability, citing evidence suggesting that beyond a certain threshold, financial sector growth harms the wider economy, echoing concern...
Economists Warn City Expansion Threatens UK Economic Stability
Fifty economists warned that expanding the City of London's financial sector, as proposed by the Chancellor and Rachel Reeves, risks undermining economic growth and stability, citing evidence suggesting that beyond a certain threshold, financial sector growth harms the wider economy, echoing concern...
Progress
52% Bias Score
NatWest CEO in Line for Multimillion-Pound Pay Boost
NatWest Group plans to significantly increase its CEO Paul Thwaite's compensation to a potential \$6.6 million annually, aligning his pay with industry peers, following a 90% surge in the bank's share price in 2024 and its return to full private ownership after a 17-year government stake.
NatWest CEO in Line for Multimillion-Pound Pay Boost
NatWest Group plans to significantly increase its CEO Paul Thwaite's compensation to a potential \$6.6 million annually, aligning his pay with industry peers, following a 90% surge in the bank's share price in 2024 and its return to full private ownership after a 17-year government stake.
Progress
40% Bias Score
CFPB Caps Bank Overdraft Fees at $5, Saving Consumers $5 Billion Annually
The CFPB issued a rule limiting bank overdraft fees to $5 for banks with over $10 billion in assets, aiming to save consumers $5 billion annually and curb excessive fees.
CFPB Caps Bank Overdraft Fees at $5, Saving Consumers $5 Billion Annually
The CFPB issued a rule limiting bank overdraft fees to $5 for banks with over $10 billion in assets, aiming to save consumers $5 billion annually and curb excessive fees.
Progress
40% Bias Score
UK Court Ruling on Car Loan Commissions Sparks £30bn Compensation Crisis
A UK court ruling declared undisclosed dealer commission on car loans illegal, prompting mass claims and potentially costing lenders up to £30bn in compensation, while claims management companies and law firms stand to profit immensely.
UK Court Ruling on Car Loan Commissions Sparks £30bn Compensation Crisis
A UK court ruling declared undisclosed dealer commission on car loans illegal, prompting mass claims and potentially costing lenders up to £30bn in compensation, while claims management companies and law firms stand to profit immensely.
Progress
40% Bias Score
Canada to Sharply Increase Anti-Money Laundering Penalties
The Canadian government plans to increase penalties for anti-money-laundering failures by up to 40 times, raising the maximum fine for banks to $20 million per violation, following pressure to address financial crime and the TD Bank case.
Canada to Sharply Increase Anti-Money Laundering Penalties
The Canadian government plans to increase penalties for anti-money-laundering failures by up to 40 times, raising the maximum fine for banks to $20 million per violation, following pressure to address financial crime and the TD Bank case.
Progress
36% Bias Score
Schufa's New 100-Day Rule Improves Credit Scores for 120,000 Germans
Germany's Schufa credit agency implemented a new 100-day rule, enabling consumers to improve their credit score faster by quickly repaying overdue payments; approximately 120,000 consumers are expected to benefit.
Schufa's New 100-Day Rule Improves Credit Scores for 120,000 Germans
Germany's Schufa credit agency implemented a new 100-day rule, enabling consumers to improve their credit score faster by quickly repaying overdue payments; approximately 120,000 consumers are expected to benefit.
Progress
44% Bias Score
HSBC Sued for \$23 Million in Scam Losses Due to Systemic Fraud Control Failures
Australia's corporate regulator is suing banking giant HSBC for failing to protect hundreds of customers who lost over \$23 million to scams between January 2020 and August 2024 due to alleged systemic gaps in its fraud control systems, slow investigations, and inadequate prevention measures.
HSBC Sued for \$23 Million in Scam Losses Due to Systemic Fraud Control Failures
Australia's corporate regulator is suing banking giant HSBC for failing to protect hundreds of customers who lost over \$23 million to scams between January 2020 and August 2024 due to alleged systemic gaps in its fraud control systems, slow investigations, and inadequate prevention measures.
Progress
52% Bias Score
CFPB Overdraft Rule Caps Fees, Reshapes Banking
The CFPB's new overdraft rule, effective October 1, 2025, will cap overdraft fees at $5 or require cost-based fees or loan treatment for banks over $10 billion in assets, potentially saving consumers $5 billion annually.
CFPB Overdraft Rule Caps Fees, Reshapes Banking
The CFPB's new overdraft rule, effective October 1, 2025, will cap overdraft fees at $5 or require cost-based fees or loan treatment for banks over $10 billion in assets, potentially saving consumers $5 billion annually.
Progress
40% Bias Score
"Heinen to Privatize Volksbank Despite Potential Parliamentary Opposition"
"Dutch Finance Minister Eelco Heinen plans to privatize Volksbank despite parliamentary opposition, arguing that state ownership doesn't guarantee public banking services and could harm Volksbank's competitiveness, potentially leading to further branch closures and job cuts."
"Heinen to Privatize Volksbank Despite Potential Parliamentary Opposition"
"Dutch Finance Minister Eelco Heinen plans to privatize Volksbank despite parliamentary opposition, arguing that state ownership doesn't guarantee public banking services and could harm Volksbank's competitiveness, potentially leading to further branch closures and job cuts."
Progress
48% Bias Score
Hamburg's Insufficient Staffing Fails to Investigate Millions in Potential Tax Losses
The Hamburg Finance Authority's insufficient staffing, revealed in a parliamentary investigation, failed to properly investigate millions of euros in potential tax losses from HSH Nordbank's Cum-Ex and Cum-Cum transactions; this raises concerns about systemic failures in tax enforcement.
Hamburg's Insufficient Staffing Fails to Investigate Millions in Potential Tax Losses
The Hamburg Finance Authority's insufficient staffing, revealed in a parliamentary investigation, failed to properly investigate millions of euros in potential tax losses from HSH Nordbank's Cum-Ex and Cum-Cum transactions; this raises concerns about systemic failures in tax enforcement.
Progress
52% Bias Score