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November 29, 2023
The Supreme Court on Wednesday will consider the Securities and Exchange Commission's powers to enforce securities law through its in-house tribunal system rather than in court, marking the second of three major cases this term that could rock the administrative state.
November 29, 2023
Bank Of America: The U.S. Consumer Financial Protection Bureau said on Tuesday that more than 400 loan officers at the second-largest U.S. bank failed to ask applicants required questions about their race, ethnicity and sex, and then falsely reported that the applicants chose not to respond.
November 29, 2023
Supreme Court justices appeared skeptical of the Securities and Exchange Commission's powers to conduct in-house adjudications without juries in a case that could disrupt the administrative state.
November 28, 2023
The bank failed to accurately reported answers on demographic data that can be used to identify possible discriminatory practices, CFPB said.
November 28, 2023
Bank of America has been ordered to pay $12 million over accusations it didn’t provide the correct mortgage information to the government.
November 28, 2023
As of June 2023, the BOA had $2.4 trillion in assets, which makes it the second-largest bank in the United States.
November 27, 2023
A class-action lawsuit seeks to punish Citibank for arbitrarily denying the applications and closing the accounts of people with Armenian-sounding last names under the aegis of fraud prevention.
November 27, 2023
A cap on credit card late fees sounds great, but this plan would hurt NC families | Opinion
November 22, 2023
On November 15, the CFPB issued an order requiring an Illinois-based fintech lender to pay $15 million in fines. The order additionally prohibits the company from operating in certain...
November 21, 2023
(Bloomberg) -- The lending arm of Toyota Motor Corp. will pay $60 million to settle allegations by a US regulator that it misled customers into buying extra products that boosted their payments and then gave them a runaround when they tried to cancel.Most Read from BloombergThe Doomed Mission Behind Sam Altman’s Shock Ouster From OpenAINearly All of OpenAI Staff Threaten to Go to Microsoft If Board Doesn’t QuitCitigroup Cuts Over 300 Senior Manager Roles in Latest RestructuringMicr...