CFPB Drops Lawsuit Against Banks Over Zelle Scams
A spokeswoman for the payment app’s parent company said the lawsuit against three large banks was “without merit, and legally and factually flawed.”
Read more at The New York Times
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CFPB drops lawsuit against JPMorgan Chase, Bank of America and Wells Fargo over Zelle fraud
Since Acting Director Russell Vought has taken over the CFPB, the agency has dropped at least a half dozen cases brought by his predecessor, Rohit Chopra.CNBC - 4h -
CFPB Drops Lawsuit Against Capital One Bank That Accused It of Tricking Customers
The move, on a suit that had accused the bank of tricking customers, was one of several dismissals ordered by Trump officials who are dismantling the agency.The New York Times - 5d -
SEC will drop lawsuit against Coinbase, cryptocurrency company says
The Securities and Exchange Commission will drop its lawsuit against Coinbase pending approval, the cryptocurrency company said. In 2023, The U.S. alleged Coinbase was operating as an unregistered ...CBS News - Feb. 21 -
Consumer Financial Protection Bureau drops lawsuits against Capital One and Berkshire, Rocket Cos. units
The moves are the latest sign of the abrupt shift at the agency since acting CFPB director Russell Vought took over this monthCNBC - 4d -
The Cryptocurrency Scam That Turned a Small Town Against Itself
How did a successful, financially sophisticated banker gamble his community’s money away?The New York Times - Feb. 19 -
200-plus Democratic lawmakers backing lawsuit seeking to block CFPB dismantling
More than 200 Democratic lawmakers in the House are submitting an amicus brief to back a lawsuit that aims to prevent the dismantling of the Consumer Financial Protection Bureau (CFPB). Democrats ...The Hill - 4d -
Argentina court drops charges against three people over Liam Payne death
Charges of criminal negligence dropped against three key defendants over death of British singer in October. A court in Argentina has dropped charges of criminal negligence against three of the ...The Guardian - Feb. 20 -
Mourinho files lawsuit against Galatasaray
Fenerbahce say Jose Mourinho is filing a lawsuit against Galatasaray after the rival club accused him of making racist statements.BBC News - 4d -
SEC dropping crypto lawsuit, Coinbase says
The largest U.S.-based cryptocurrency exchange said Friday that the Securities and Exchange Commission would drop its lawsuit against it, a signal that the Trump administration plans to take a ...NBC News - Feb. 21
More from The New York Times
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Lutnick Remarks on Removing Government Spending in GDP Data Raises Fears
Howard Lutnick, the commerce secretary, suggested government spending should be excluded from data about U.S. economic output.The New York Times - 5h -
Trump’s Tariffs on Canada, Mexico and China Snap Into Effect
President Trump imposed hefty tariffs on the United States’ largest trading partners on Tuesday, roiling global relations and sending shock waves through industries that depend on trade.The New York Times - 21h -
China Retaliates Against Trump, Imposing Tariffs and Blacklisting U.S. Companies
Beijing imposed broad tariffs on imports of American food and said 15 U.S. companies could no longer buy from China without special permission.The New York Times - 7h -
How ‘Silo’ and ‘Paradise’ Envision Housing After the Apocalypse
“Paradise” and “Silo” have opposing takes on the future of urban organization, echoing the debate over America’s housing shortage today.The New York Times - 16h -
Target Reports Solid Holiday Quarter But Warns of Tariff Uncertainty Ahead
The retailer ended 2024 with a good holiday season, but warned of uncertainty ahead.The New York Times - 14h
More in Business
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Watch live: Trump addresses joint session of Congress as tariffs, DOGE and Ukraine fuel uncertainty
Democrats have invited as guests people who lost their federal government jobs in an effort overseen by Elon Musk and his DOGE team.CNBC - 10m -
BlackRock to buy Panama Canal ports after pressure from Trump
Deal worth $22.8bn involves sale of bulk of those owned by Hong Kong-based conglomerate CK HutchisonFinancial Times - 40m -
China targets 'around 5%' GDP growth in 2025 and lays out stimulus measures as trade worries mount
China on Wednesday set its GDP growth target for 2025 at "around 5%" as it starts its annual parliamentary meeting amid escalating trade tensions with the U.S.CNBC - 1h -
Investors worried about Trump can cut their risk by buying this ‘forgotten’ group of stocks
You can diversify away from the S&P 500 to reduce risk, based on stocks’ prices to expected earnings and on expected earnings growth rates — at the same time.MarketWatch - 1h -
CrowdStrike sees more costs ahead in the aftermath of last summer’s outage
CrowdStrike’s stock is falling in the wake of a larger-than-expected loss and disappointing profit guidance.MarketWatch - 1h