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CFPB Implements Sweeping Layoffs and Shifts Focus Under Trump Administration

The U.S. consumer watchdog is cutting 1,500 jobs and deprioritizing oversight of student loans, medical debt, and digital payments to reallocate resources toward military families and tangible consumer harms.

Stories older than 24h

U.S. Mortgage Rates Jump to 6.83%, Marking Largest Weekly Increase in a Year

Barclays Finalizes Sale of Majority Stake in UK Payments Unit to Brookfield

Anna Paulson Named President of Philadelphia Fed, Joins Federal Open Market Committee

U.S. Credit Scores Fall to 715 as Student Loan Delinquencies Surge

UK Sees Surge in Low-Deposit Mortgage Options, Highest Since 2008

PNC Financial Exceeds Q1 Profit Expectations with Strong Interest Income Growth

S&P Reaffirms South Korea's 'AA' Credit Rating with Stable Outlook

Germany’s Coalition Government Reaffirms Commitment to Cash Payments

US Mortgage Rates Ease to 6.62% as Market Activity Rebounds

Paul Atkins Confirmed as SEC Chair, Signaling Regulatory Shift

Nikhil Rathi Reappointed as FCA Chief Executive Through 2030

Bank of England Warns AI Could Intentionally Destabilize Markets for Profit

Trade Republic App Faces Major Outage During Global Market Turmoil

Australian Super Funds Targeted in Cyberattack, Thousands of Accounts Breached

Congress Advances Stablecoin Legislation as Industry Faces Scrutiny

Senate Banking Committee Advances Controversial SEC and OCC Nominees

Schufa Unveils Transparent Credit Scoring System for Consumer Access

UK Confirms Cash ISA Overhaul to Encourage Higher-Return Investments

Zelle Discontinues Standalone App, Shifts Focus to Bank Integration

FDUSD Stablecoin Regains Stability After Insolvency Allegations by Justin Sun

Ripple's RLUSD Stablecoin Sees $100M Issued in Days as Institutional Adoption Grows

SEC and Gemini Seek 60-Day Pause in Legal Dispute Over Crypto Lending Program

Final Days to Boost State Pension by Filling National Insurance Gaps

Federal Court Blocks Trump Administration's Bid to Dismantle CFPB

UK Supreme Court Reviews Landmark Car Finance Commission Case

FDIC Approves Crypto Activities for Banks Without Prior Approval

UK Supreme Court to Hear Landmark Case on Undisclosed Car Loan Commissions

Paul Atkins' SEC Nomination Advances Toward Senate Vote

UK Government Explores Cash ISA Reforms, Delays Decision Until Autumn Budget

Trump-Backed World Liberty Financial Launches USD1 Stablecoin

Apple Card Savings Account APY Drops to All-Time Low of 3.75%

Bitcoin Stabilizes at $88,000 as GameStop Unveils Bitcoin Strategy

Custodia and Vantage Banks Issue First Bank-Backed Stablecoin on Ethereum

Moody's Warns of Continued U.S. Fiscal Decline Amid Persistent Deficits and Policy Risks

FCA Unveils Proposals to Simplify Financial Rules and Enhance Consumer Protections

RBI Confirms ATM Fee Hike Effective May 1, 2025

Australia Releases Digital Asset Regulation Blueprint to Modernize Economy

Fintech and Crypto Firms Push for Bank Charters Under Trump-Era Deregulation

Halliday Secures $20 Million to Advance AI-Blockchain Integration

SEC Reevaluates Crypto Custody Rule Proposed Under Biden Administration

Canary Capital Files for SEC Approval of First Sui-Based ETF in U.S.

Treasury Considers Cutting Cash ISA Allowance, Decision Delayed to Autumn Budget

Ripple and SEC Near Resolution in Longstanding Legal Dispute

Mortgage Applications Surge 11% as Rates Drop to Lowest Level Since October

SEC Delays Decisions on Crypto Spot ETFs as Franklin Templeton Files for Solana Fund

Mumbai Seniors Lose Crores in Sophisticated Cyber Fraud Schemes

SEC Moves to Reverse Proposal Expanding Exchange Rules to Crypto

Experts Highlight Key Social Security Challenges and Strategies for Retirement

US Regulators Ease Restrictions on Bank Crypto Activities

Senate Panel Advances Jonathan McKernan's Nomination to Lead CFPB

Trump Administration's Efforts to Downsize CFPB Face Legal and Operational Challenges

CFPB Drops Zelle Fraud Lawsuit Against Major Banks

Debate Over Future of Cash ISAs Highlights UK Investment Challenges

France's Credit Rating Maintained at AA- by S&P, Outlook Downgraded to Negative

EPFO Retains Provident Fund Interest Rate at 8.25% for 2024-25

Retirement Crisis Deepens as Savings Fall Short and Pensions Decline

Trump and Musk Push to Dismantle Consumer Financial Protection Bureau

AustralianSuper Fined $27 Million for Failing to Merge Duplicate Accounts

Proposed Cash ISA Limit Reduction Faces Backlash from Pensioners and Savings Providers

Senate Democrats Accuse Musk of Undermining Consumer Financial Watchdog

Binance.US Restores US Dollar Services After Nearly Two-Year Hiatus

Trump Administration Moves to Curtail Consumer Financial Protection Bureau

Judge Blocks Trump Administration's Efforts to Dismantle Consumer Watchdog Agency

Trump Administration Halts CFPB Operations, Raising Concerns Over Regulatory Void

Speculation Grows Over Potential Cuts to Cash Isa Tax Benefits

Santander Introduces Sub-4% Mortgage Rates as Market Competition Intensifies

Trade Republic Faces Lawsuit Over Alleged Misleading Interest Rate Advertising

Trump Administration Halts Consumer Financial Protection Bureau Operations

Indian Agents and Canadian Colleges Under Investigation for Illegal US Immigration Scheme

Trump Memecoin Investors Face Massive Losses as Value Craters

Hawley and Sanders Propose 10% Cap on Credit Card Interest Rates

RBI Introduces Exclusive Domains to Combat Digital Payment Fraud

Ondo Finance Launches Blockchain for Tokenized Real-World Assets

German Court Ends Cum-Ex Case Against Broker With €2.8 Million Settlement

Senate Investigates Alleged Regulatory Pressure Behind Crypto and Industry-Wide Debanking

Vanguard Implements Largest Fee Reduction in Company History

Tether Reports $13 Billion Profit in 2024 and Expands USDT to Bitcoin Network

Tuttle Capital Files for First Leveraged Crypto ETFs, Including Trump and Melania Memecoins

SoFi Reports Record Growth but Faces Market Concerns Over Profitability

Study Highlights Growing Wealth Gap in Germany

Deutsche Börse's Crypto Finance and Bitpanda Secure EU-Wide Crypto Licenses

Congress Investigates Alleged Crypto 'Debanking' Under Biden Administration

SEC Rescinds Crypto Rule Blocking Banks from Custody Services

Mortgage Rates Rise Slightly After Recent Declines

Morgan Stanley Explores Expanded Role in Cryptocurrency Markets

Dogecoin and Trump Meme Coin ETFs Could Launch as Early as April, Analysts Say

Trump Appoints Mark Uyeda as Acting SEC Chair Following Gensler's Resignation

Honda Finance Ordered to Pay $12.8 Million Over Credit Reporting Failures

UK Financial Watchdog Proposes Mortgage and Regulatory Reforms to Spur Growth

Trump's Treasury Nominee Rejects U.S. Central Bank Digital Currency

Wells Fargo Reports Strong Q4 Earnings, Projects Optimistic 2025 Growth

Rhineland-Palatinate Introduces Payment Cards for Refugees in Pilot Program

Bank of England Delays Basel 3.1 Capital Rules to 2027

Coinbase Launches Bitcoin-Backed Loans Through DeFi Platform Morpho

Capital One Sued for Allegedly Misleading Customers on Savings Account Interest Rates

JPMorgan Faces Leadership Uncertainty as Key Executives Withdraw from CEO Succession Race

Robinhood Pays $45 Million to Resolve SEC Violations

China Launches $13 Billion Yuan Trade Finance Initiative to Bolster Hong Kong's Financial Role

US Proposes Consumer Protections for In-Game Currency Scams