CFPB drops lawsuit against JPMorgan Chase, Bank of America and Wells Fargo over Zelle fraud
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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 -
JPMorgan Chase sets aside $50bn for direct lending in private credit push
Move by Wall Street bank comes as increasing number of groups bypass traditional debt marketsFinancial Times - Feb. 24 -
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 -
JPMorgan Chase CEO Jamie Dimon says DOGE 'needs to be done' to fix government inefficiency
JPMorgan Chase CEO Jamie Dimon on Monday said the U.S. government is inefficient and in need of work as the Trump administration terminates thousands of federal employees and works to dismantle ...NBC News - Feb. 24 -
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 -
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 -
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 -
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 CNBC
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Stagflation fears bubble up as Trump tariffs take effect and the economy slows
A growth scare in the economy has accompanied worries over a resurgence in inflation, threatening to potentially rekindle stagflation.CNBC - 1h -
Canada, Mexico tariffs create 'ripple effects' on consumer prices, economist says
Tariffs on the two largest trading partners of the United States are expected to have far-reaching impacts that may be hard to predict.CNBC - 1h -
Trump's tariffs showcase his extraordinary presidential power — and its limitations
President Donald Trump's 25% tariffs on imports from Canada and Mexico took effect Tuesday. But actually collecting them is proving complicated.CNBC - 3h -
Trump 'bump' disappears as the S&P 500 is now negative since the election
The S&P 500 dropped below its pre-election levels on Tuesday, while small caps and energy stocks are performing even worse since Trump's victory.CNBC - 22m -
Trump's tariffs could quickly cut North American auto production by a third
A third of North American vehicle production could be cut by next week as a result of Trump's 25% tariffs on Mexico and Canada, S&P Global Mobility reports.CNBC - 20m
More in Business
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Airline stocks fall as possible economic 'soft patch' raises demand concerns
Signs of a weakening consumer have emerged ahead of the peak spring and summer travel season.CNBC - 9m -
Ross Stores stock falls as discount chain warns of slowing trends this year
Shares of Ross Stores Inc. fell after hours on Tuesday after the discount retailer forecast the possibility of weaker same-store sales this year, following slowing trends over recent weeks as harsh ...MarketWatch - 10m -
US stocks erase post-election gains as Canada, Mexico tariffs take effect
Investors fret that aggressively protectionist trade policy will hurt economyFinancial Times - 11m -
Honeywell beefs up energy security offerings with $2 billion Sundyne deal
Conglomerate adds pump-maker business to its Energy and Sustainability Solutions (ESS) unit.MarketWatch - 14m -
Trump's tariffs could quickly cut North American auto production by a third
A third of North American vehicle production could be cut by next week as a result of Trump's 25% tariffs on Mexico and Canada, S&P Global Mobility reports.CNBC - 20m