Products and Services
Democrat senators question what Elon Musk plans to do with sensitive CFPB data
Sens. Elizabeth Warren, D-Mass., center, Amy Klobuchar, D-Minn., and Senate Minority Leader Charles Schumer, D-N.Y., conduct a news conference after the Senate Policy luncheons in the Capitol, March 14, 2017. Tom Williams | CQ Roll Call | Getty Images Democrat lawmakers led by Massachusetts Sen. Elizabeth Warren on Tuesday held a forum pushing back against […]
Read More
Robinhood says SEC dismissed crypto unit investigation in latest sign of easier regulation for industry
The Robinhood logo is seen displayed on a smartphone screen against a computer screen displaying stock market graphs on Oct. 10, 2024. Dominika Zarzycka | Nurphoto | Getty Images The Securities and Exchange Commission is dropping its investigation into Robinhood’s crypto arm, the company revealed Monday. Robinhood said it received a letter from the SEC’s […]
Read More
CFPB’s new leadership begins staff purge with dozens of employees terminated
Key Points The Consumer Financial Protection Bureau sent termination notices to several dozen employees, according to people with knowledge of the situation. The affected staff were mostly those with probationary status, said the people, who asked for anonymity to speak candidly after orders to stop all agency work, including speaking with reporters. Several of those […]
Read More
Trump froze a bribery law that previously hit suppliers for Elon Musk’s Tesla
Elon Musk listens to U.S. President Donald Trump speak in the Oval Office of the White House in Washington, D.C., U.S., Feb. 11, 2025. Kevin Lamarque | Reuters The anti-bribery law whose enforcement President Donald Trump has suspended was previously used by the Department of Justice and financial regulators to win settlements totaling more than […]
Read More
Trump to pause enforcement of law banning bribery of foreign officials
President Donald Trump speaks to members of the press in the Oval Office of the White House on Jan. 30, 2025. Kent Nishimura for The Washington Post | Getty Images President Donald Trump is set Monday to sign an executive order directing the Department of Justice to pause enforcing a nearly half-century-old law that prohibits […]
Read More
Trump administration sued over Jan. 6 information requests, health data scrubbing
The Trump administration was sued Tuesday in separate civil complaints challenging a request for information about FBI employees who worked on cases involving President Donald Trump and the Jan. 6 Capitol riot, and the removal of data from federal health agency websites. The lawsuits are the latest in a growing number of legal salvos seeking […]
Read More
China to launch probe into Google over alleged antitrust violations
In this photo illustration, a Google logo is displayed on the screen of a smartphone. Sopa Images | Lightrocket | Getty Images China said Tuesday it will launch an investigation into Google over alleged antitrust violations. The country’s State Administration for Market Regulation said that it would initiate an investigation into the technology giant because […]
Read More
Short seller Andrew Left seeks to dismiss U.S. fraud case, filing shows
Andrew Left of Citron Capital on CNBC’s Halftime Report. Adam Jeffery | CNBC Prominent short seller Andrew Left is pressing a judge to dismiss U.S. charges that he manipulated the market and defrauded investors with his negative reports about companies, according to a document filed in federal court on Monday. U.S. authorities charged Left, the […]
Read More
New wildfire near Los Angeles explodes to 9,400 acres, forces evacuations
The Hughes Fire burns near the I-5 freeway north of Los Angeles on January 22, 2025 near Castaic, California. Mario Tama | Getty Images A new wildfire that broke out north of Los Angeles on Wednesday rapidly spread to more than 9,400 acres (38 square km), fueled by strong winds and dry brush, forcing mandatory […]
Read More
CFPB fines Equifax $15 million for errors on credit reports
Key Points The Consumer Financial Protection Bureau fined Equifax $15 million for credit reporting errors. The CFPB alleged the credit bureau failed to properly investigate consumer disputes. Credit reports have a significant impact on consumer finances, experts said. They may dictate someone’s success in qualifying for a loan, renting an apartment or getting a job. […]
Read More