Politics Aug 19 What to know about the fake election poll numbers shared and retracted by a mysterious company Locked in a competitive reelection race, Los Angeles Mayor Karen Bass declared on social media last week that a new poll was evidence that her campaign was “gaining momentum.”…
Politics Aug 03 Trump bank accounts were closed due to concerns over possible money laundering, Capital One says The court filing is tied to a lawsuit filed against Capital One by one of Trump’s financial holding companies shortly after he was sworn into office a second time.
Economy Jun 05 Treasury warns banks of 'red flags' tied to customers in the U.S. illegally The Financial Crimes Enforcement Network — also known a FinCEN — issued an advisory Friday to banks that tells them to watch out for identity theft, payroll tax fraud, and money laundering schemes tied to hiring unauthorized workers.
Nation Mar 16 OneMain Financial sued by 13 attorneys general over hidden loan add-ons A bipartisan group of 13 attorneys general sued the financial company OneMain Financial on Monday, alleging the company placed unwanted additional products and other hidden costs on its loans that led to higher costs for its borrowers.
Politics Feb 17 Trump administration backs Kalshi and Polymarket as states move to ban prediction markets The Trump administration is throwing its support behind the prediction market operators Kalshi and Polymarket in a critical legal battle between the growing prediction market industry and states that wish to ban these platforms.
Politics Feb 13 Goldman Sachs' top lawyer Kathy Ruemmler to resign after emails show close ties to Jeffrey Epstein In a statement before her resignation, a Goldman Sachs spokesperson said Ruemmler "regrets ever knowing him."…
Politics Jan 22 Trump sues JPMorgan and its CEO, alleging bank closed his accounts for political reasons President Donald Trump sued banking giant JPMorgan Chase and its CEO Jamie Dimon for $5 billion on Thursday over allegations that JPMorgan stopped providing banking services to him and his businesses for political reasons after he left office in January…
Economy Jan 13 Stop attacking the Fed and credit card industry, Wall Street executives warn Trump Wall Street has generally benefited from the Trump administration’s policies and has been supportive of the president. That relationship has suddenly soured.
Politics Jan 10 Banks balk as Trump pushes for 1-year, 10% cap on credit card interest rates Reviving a campaign pledge, President Donald Trump wants a one-year, 10% cap on credit card interest rates, a move that could save Americans tens of billions of dollars but drew immediate opposition from an industry that has been in his corner.
Politics Nov 19 Trump nominates new CFPB director, though White House says agency is still closing President Trump nominated Stuart Levenbach as the next director of the Consumer Financial Protection Bureau on Wednesday, using a legal maneuver to keep his budget director Russell Vought as acting director of the bureau while the Trump administration continues on…