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Citizens Bank NA has agreed to pay a $9 million fine as part of a deal to settle a Consumer Financial Protection Bureau lawsuit alleging the bank mishandled consumers' credit card disputes, according to Tuesday filings in Rhode Island federal court.
A New York federal judge on Monday shot down the remainder of a long-running lawsuit accusing HSBC and Scotiabank of conspiring to rig prices for silver, ruling that the traders behind the litigation hadn't plausibly pled the banks' alleged manipulations harmed them.
The U.S. Supreme Court said Monday that the Sixth Circuit shouldn't have upheld a Federal Deposit Insurance Corp. disciplinary order against a community bank executive after finding the agency's legal analysis in the case had been flawed.
The collapse of a California debt resolution law firm has impacted tens of thousands of consumers across the country, leaving many deeper in debt and with ruined credit. It’s an extreme example of predatory behavior across an industry where marketing companies and law firms urge vulnerable debtors to pay big money for services that advocates say have little to no real value.
Federal banking regulators faced a tough crowd in the Senate on Thursday as Republicans accused them of making "Trump ate our homework"-style excuses for the failures of regional lenders like Silicon Valley Bank, while a prominent Democrat slammed the approval of First Republic's hastily arranged tie-up with JPMorgan.