Reeves reveals plan to rip up banking regulations brought in after financial crashRachel Reeves aims to unwind post-2008 financial regulations to revive economic growth in the UK.
Mortgage reforms set to loosen for first-time buyers in pro-growth pushEasing mortgage rules may help first-time buyers access the property market more easily.
Reeves reveals plan to rip up banking regulations brought in after financial crashRachel Reeves aims to unwind post-2008 financial regulations to revive economic growth in the UK.
Mortgage reforms set to loosen for first-time buyers in pro-growth pushEasing mortgage rules may help first-time buyers access the property market more easily.
Conflict at the Consumer Finance Protection Bureau: What's at Stake? - Non Profit News | Nonprofit QuarterlyThe CFPB faces significant challenges under the Trump administration aimed at reducing its power and potential impact on consumer protection.
Former director Rohit Chopra sounds alarm over diminished CFPBChopra warns that without the CFPB, consumer protection will diminish, impacting borrowers negatively.
DOGE wants to lay off the 'vast majority' of CFPB workers, employees sayThe Consumer Financial Protection Bureau faces significant downsizing, raising serious concerns about consumer protections and data management.Employees report hasty layoffs and inadequate planning for consumer protection roles at the CFPB.
Lawsuits involving DOGE and the Trump administration that corporate America may want to watchThe CFPB faces significant legal challenges due to actions taken by the Trump administration aimed at dismantling the agency.
Trump fires chief of the federal consumer watchdog agencyRohit Chopra was fired as CFPB director, a role he held since 2021 under President Biden.
DOGE is slashing 90% of a federal agency designed to prevent another financial crisisThe Consumer Financial Protection Bureau has drastically reduced its workforce by 90%, impacting its ability to protect consumers.
Conflict at the Consumer Finance Protection Bureau: What's at Stake? - Non Profit News | Nonprofit QuarterlyThe CFPB faces significant challenges under the Trump administration aimed at reducing its power and potential impact on consumer protection.
Former director Rohit Chopra sounds alarm over diminished CFPBChopra warns that without the CFPB, consumer protection will diminish, impacting borrowers negatively.
DOGE wants to lay off the 'vast majority' of CFPB workers, employees sayThe Consumer Financial Protection Bureau faces significant downsizing, raising serious concerns about consumer protections and data management.Employees report hasty layoffs and inadequate planning for consumer protection roles at the CFPB.
Lawsuits involving DOGE and the Trump administration that corporate America may want to watchThe CFPB faces significant legal challenges due to actions taken by the Trump administration aimed at dismantling the agency.
Trump fires chief of the federal consumer watchdog agencyRohit Chopra was fired as CFPB director, a role he held since 2021 under President Biden.
DOGE is slashing 90% of a federal agency designed to prevent another financial crisisThe Consumer Financial Protection Bureau has drastically reduced its workforce by 90%, impacting its ability to protect consumers.
Trump makes move to control independent regulatory agenciesPresidential control over independent agencies may disrupt economic stability and impact the Federal Reserve's inflation management.
Labour must focus on risk to global financial stability posed by Trump policies, not only trade | Heather StewartLabour's focus on industry support conflicts with calls to deregulate the financial sector amid global instability.
Trump makes move to control independent regulatory agenciesPresidential control over independent agencies may disrupt economic stability and impact the Federal Reserve's inflation management.
Labour must focus on risk to global financial stability posed by Trump policies, not only trade | Heather StewartLabour's focus on industry support conflicts with calls to deregulate the financial sector amid global instability.
Bally's Rescues Australian Casino From Brink Of BankruptcyBally's Corporation's $300 million investment rescues Star Entertainment from insolvency.
OpenPayd Joins Industry Leaders at PAY360 to Discuss the Next Chapter in Embedded FinancePAY360 showcased key innovations and insights in the payments landscape, highlighting the importance of collaboration, regulation, and technological advancement.
HUD is eyeing a crypto experiment. Some government workers are concernedHUD is exploring cryptocurrency for federal grants, raising concerns over volatility and crime.
Democrats lambaste HUD leadership over crypto reportThe Trump administration's dismantling efforts threaten crucial financial oversight, particularly regarding cryptocurrency in government housing programs without proper regulation.
Trump's Former Ethics Watchdog Sounds The Alarm On What's Yet To Come For This AdministrationTrump's presidency is marked by unprecedented corruption and conflicts of interest stemming from his involvement in cryptocurrency.
Bitcoin Price: Here's Why It Slipped Below Key LevelBitcoin price volatility continues as it struggles to regain the $80,000 mark amid economic uncertainties.Large investors see opportunity in Bitcoin's dip, particularly with potential regulatory changes for retirement investments.
Trump's Crackpot Crypto Scheme to Reduce Inflation Would Be a Financial CatastropheA federal crypto reserve proposed by Trump may exacerbate market manipulation and volatility inherent in cryptocurrencies.
Crypto will enter a new era after Trump's inaugurationThe incoming Trump administration may significantly influence U.S. cryptocurrency policy with key appointments and a shift towards more favorable regulations.
HUD is eyeing a crypto experiment. Some government workers are concernedHUD is exploring cryptocurrency for federal grants, raising concerns over volatility and crime.
Democrats lambaste HUD leadership over crypto reportThe Trump administration's dismantling efforts threaten crucial financial oversight, particularly regarding cryptocurrency in government housing programs without proper regulation.
Trump's Former Ethics Watchdog Sounds The Alarm On What's Yet To Come For This AdministrationTrump's presidency is marked by unprecedented corruption and conflicts of interest stemming from his involvement in cryptocurrency.
Bitcoin Price: Here's Why It Slipped Below Key LevelBitcoin price volatility continues as it struggles to regain the $80,000 mark amid economic uncertainties.Large investors see opportunity in Bitcoin's dip, particularly with potential regulatory changes for retirement investments.
Trump's Crackpot Crypto Scheme to Reduce Inflation Would Be a Financial CatastropheA federal crypto reserve proposed by Trump may exacerbate market manipulation and volatility inherent in cryptocurrencies.
Crypto will enter a new era after Trump's inaugurationThe incoming Trump administration may significantly influence U.S. cryptocurrency policy with key appointments and a shift towards more favorable regulations.
Regulator proposals on card fees 'fall well short' of what is needed, says the BRC - London Business News | Londonlovesbusiness.comThe PSR's consultation falls short of effectively addressing card scheme and processing fees issues.Increased transparency alone won't drive necessary reforms in the card payment market.
Financial watchdog scraps plan to name and shame' UK firms under investigationFCA won't proceed with public naming of firms under investigation due to lack of consensus and governmental pressure.
Peers working for City firms dominate Lords panel scrutinising financial sectorThe new Lords committee on financial services regulation may have conflicts of interest due to its members' ties to the industry.
Timid FCA has retreated too far on its name and shame' proposalsThe FCA's proposed reforms for greater transparency were abandoned due to strong lobbying from City firms and concerns over reputational damage.
MPs brand UK financial regulator 'incompetent'UK's FCA criticized by MPs for incompetence and failure to perform, calling for an overhaul.
'I could lose 100K despite Woodford redress scheme'Investors affected by the Woodford Equity Income Fund collapse feel failed by the FCA and demand further investigation into their losses.
UK financial watchdog slammed for failed tech transformationThe FCA's technology-driven transformation program has been criticized for its ineffectiveness and failure to resolve longstanding organizational issues.
Financial watchdog scraps plan to name and shame' UK firms under investigationFCA won't proceed with public naming of firms under investigation due to lack of consensus and governmental pressure.
Peers working for City firms dominate Lords panel scrutinising financial sectorThe new Lords committee on financial services regulation may have conflicts of interest due to its members' ties to the industry.
Timid FCA has retreated too far on its name and shame' proposalsThe FCA's proposed reforms for greater transparency were abandoned due to strong lobbying from City firms and concerns over reputational damage.
MPs brand UK financial regulator 'incompetent'UK's FCA criticized by MPs for incompetence and failure to perform, calling for an overhaul.
'I could lose 100K despite Woodford redress scheme'Investors affected by the Woodford Equity Income Fund collapse feel failed by the FCA and demand further investigation into their losses.
UK financial watchdog slammed for failed tech transformationThe FCA's technology-driven transformation program has been criticized for its ineffectiveness and failure to resolve longstanding organizational issues.
Trump Fires Consumer Financial Protection Bureau Head Who Drew Wall Street's IreRohit Chopra was removed as CFPB Director after being praised for returning over $6 billion to consumers and holding powerful companies accountable.
How the Age of Deregulation is Set to Affect Broker-Dealers in the USBroker-dealers must adapt to deregulation under Trump 2.0 to improve service quality for clients.Strategic navigation of regulatory shifts is essential for broker-dealers in the changing investment landscape.
Trump Names 2 New Top Financial RegulatorsTrump nominates Jonathan McKernan and Jonathan Gould to lead key financial regulatory agencies amid turmoil at the Consumer Financial Protection Bureau.
What is Trump's true plan for the CFPB?Uncertainty surrounds the Trump administration’s intentions for the CFPB; strategies may involve shock tactics and potential reforms rather than outright destruction.
Meet Jonathan McKernan, the next CFPB directorMcKernan's nomination signals a return to conservative governance at the CFPB amidst recent agency upheaval.
Trump Fires Consumer Financial Protection Bureau Head Who Drew Wall Street's IreRohit Chopra was removed as CFPB Director after being praised for returning over $6 billion to consumers and holding powerful companies accountable.
How the Age of Deregulation is Set to Affect Broker-Dealers in the USBroker-dealers must adapt to deregulation under Trump 2.0 to improve service quality for clients.Strategic navigation of regulatory shifts is essential for broker-dealers in the changing investment landscape.
Trump Names 2 New Top Financial RegulatorsTrump nominates Jonathan McKernan and Jonathan Gould to lead key financial regulatory agencies amid turmoil at the Consumer Financial Protection Bureau.
What is Trump's true plan for the CFPB?Uncertainty surrounds the Trump administration’s intentions for the CFPB; strategies may involve shock tactics and potential reforms rather than outright destruction.
Meet Jonathan McKernan, the next CFPB directorMcKernan's nomination signals a return to conservative governance at the CFPB amidst recent agency upheaval.
EIOPA Publishes Consultation on Opinion on AI Governance and Risk Management | Data Matters Privacy BlogEIOPA's Opinion outlines governance and risk management principles for AI systems in insurance, emphasizing responsible use and risk assessment.
China orders banks to push consumer financing and credit card useChina aims to boost consumer spending by encouraging banks to increase credit availability.Confidence in the economy is low, with many consumers prioritizing savings over spending.
Banks to pay customers millions after month's worth of IT outagesUK banks experienced over 800 hours of tech outages in two years, disrupting customer services, particularly on paydays.
Why PCP claims could skyrocket in 2025 - London Business News | Londonlovesbusiness.comThe FCA's investigation may lead to a significant number of compensation claims from British motorists regarding mis-sold car finance agreements.
Treasury halts business ownership information reportingFinCEN is extending BOI reporting deadlines and providing new guidelines, impacting financial crime regulations.
Warning for anyone who uses Apple Pay or Google Pay on their phonesThe rapid growth of digital wallets presents both consumer convenience and vulnerabilities due to reliance on technology, as evidenced by recent banking outages.
Close Brothers sets aside 165m amid car loan commission scandalClose Brothers allocates £165 million for legal costs tied to car finance commission scandal, with potential for significantly fluctuating final costs.
Vought shuts down most of CFPB's functions, cuts off fundingRussell Vought is effectively shutting down most functions of the CFPB and has cut its funding, undermining the agency's operational capacity.
Congress must defend freedom of dissent after Biden's outrageous 'debank' scandalThe Biden administration's financial regulators have utilized 'debanking' as a censorship tool against individuals dissenting from the woke agenda.
Research: How "Buy Now, Pay Later" Is Changing Consumer SpendingBNPL drives higher spending and larger purchases, especially among consumers who previously bought less.
Buy-now-pay-later services make it very easy to spend - and influencers are sounding the alarmMicro-trends on social media combined with buy-now-pay-later services can trap users in a debt cycle.Impulse buying driven by influencers leads to financial instability for many.
Revolut launches new option for its credit-card customers to pay by instalmentsRevolut introduces a repayment plan with a lower interest rate for users, consolidating purchases into flexible instalment plans.
Research: How "Buy Now, Pay Later" Is Changing Consumer SpendingBNPL drives higher spending and larger purchases, especially among consumers who previously bought less.
Buy-now-pay-later services make it very easy to spend - and influencers are sounding the alarmMicro-trends on social media combined with buy-now-pay-later services can trap users in a debt cycle.Impulse buying driven by influencers leads to financial instability for many.
Revolut launches new option for its credit-card customers to pay by instalmentsRevolut introduces a repayment plan with a lower interest rate for users, consolidating purchases into flexible instalment plans.
A guide to DORA compliance | Computer WeeklyDORA aims to enhance operational resilience in financial organizations against digital disruptions, with full compliance required by January 2025.
DORA enters into force: what does it mean?DORA aims to enhance IT risk management and resilience among European financial institutions against cyber threats.
A guide to DORA compliance | Computer WeeklyDORA aims to enhance operational resilience in financial organizations against digital disruptions, with full compliance required by January 2025.
DORA enters into force: what does it mean?DORA aims to enhance IT risk management and resilience among European financial institutions against cyber threats.
SEC Sues Elon Musk Over Failure to Disclose Twitter Stock Ownership Before AcquisitionThe SEC has sued Elon Musk for failing to disclose significant Twitter stock ownership, leading to allegations of substantial financial misconduct.
US: SEC sues Elon Musk for securities violation over X DW 01/15/2025Elon Musk faces a lawsuit from the SEC for failing to disclose his Twitter share acquisition, allegedly allowing for stock purchases at lowered prices.
SEC Sues Elon Musk Over Failure to Disclose Twitter Stock Ownership Before AcquisitionThe SEC has sued Elon Musk for failing to disclose significant Twitter stock ownership, leading to allegations of substantial financial misconduct.
US: SEC sues Elon Musk for securities violation over X DW 01/15/2025Elon Musk faces a lawsuit from the SEC for failing to disclose his Twitter share acquisition, allegedly allowing for stock purchases at lowered prices.
How might Trump's SEC pick handle Wall Street? Experts weigh inTrump's SEC pick has a history of opposing strict enforcement against big corporations, suggesting a potential leniency in regulatory actions.Atkins advocates for cooperation over punishment in corporate compliance.
Ending the Fannie/Freddie conservatorshipsFannie Mae and Freddie Mac may exit conservatorship by 2027 under a structured framework that supports affordable housing and protects small lenders.
Chris Whalen explores potential GSE conservatorship changesEnding the federal conservatorships of GSEs could lead to increased mortgage costs and market instability under the Trump administration.
Ending the Fannie/Freddie conservatorshipsFannie Mae and Freddie Mac may exit conservatorship by 2027 under a structured framework that supports affordable housing and protects small lenders.
Chris Whalen explores potential GSE conservatorship changesEnding the federal conservatorships of GSEs could lead to increased mortgage costs and market instability under the Trump administration.
Car finance crisis set to cost billions and dent investor confidence, warns Lloyds bossThe UK car finance crisis threatens economic stability, fueled by a Court of Appeal ruling against banks' practices.Investor confidence is declining due to regulatory uncertainties and legal decisions impacting the economy.
Bank of America (BAC) Price Prediction and ForecastBank of America faces challenges from insider selling, regulatory compliance, and high interest rates, jeopardizing future stock performance despite a strong historical presence.
'Let the banks be banks'-Trump's U.S. Treasury nominee has $23 trillion bank sector champing at the bitScott Bessent's potential confirmation as Treasury Secretary may bring significant regulatory changes to the banking sector, influencing $24 trillion in U.S. bank assets.
Premier League owner warned to sell up - to help struggling European giantTextor is incentivized to sell his shares in Crystal Palace to financially support Lyon amidst relegation threats due to financial instability.