Products and Services
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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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. […]
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FTC sues PepsiCo, alleging price discrimination is raising costs for consumers
Cans of Pepsi are on display at a Target store in the Flatbush neighborhood of Brooklyn, New York City, on Feb. 9, 2024. Michael M. Santiago | Getty Images The Federal Trade Commission said Friday that it is suing PepsiCo for illegal price discrimination, alleging the food and beverage giant gave an unnamed retailer more […]
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Capital One acknowledges ‘outage’ as users report issues accessing deposits
In this article COF Follow your favorite stocksCREATE FREE ACCOUNT Getty Images Capital One said an unspecified technical issue was hampering customer account access Thursday, as some users reported issues with direct deposits. In response to complaints on social media platform X, a Capital One representative said the bank was experiencing a “tech outage” that was […]
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