Citi fined $25.9M for discriminating against Armenian Americans after government probe
The CFPB said that from 2015 to 2021, Citi “treated Armenian Americans as criminals who were likely to commit fraud.”
Source: yahoo.com
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Apple, PayPal could face bank-like supervision under watchdog's proposal
The Consumer Financial Protection Bureau on Tuesday proposed to regulate tech giants' digital payments and smartphone wallet services, saying they rival traditional payment methods in scale and scope but lack consumer safeguards.
Source: nypost.com
3 Ways To Avoid Incredibly High Credit Card Fees That Work For Everyone
If you’re a bank that issues credit cards, you have to be jumping for joy.
Source: forbes.com
Advocates accuse federal agencies of dragging feet on economic help for service members
Groups that advocate for America’s troops say federal agencies are falling short on helping to offset economic struggles facing service members and their families as they battle inflation and other challenges such as unemployment among military spouses. Military spouse unemployment rates have been “persistently high” in the past decade despite efforts from the Department of…
Source: yahoo.com
Biden-Harris Administration, CFPB, And FTC Take New Steps To Eliminate
On October 11, the Biden-Harris administration, through the Bureau of Consumer Financial Protection (CFPB) and Federal Trade Commission (FTC), announced new actions aimed at cracking down...
Source: mondaq.com