The Financial Conduct Authority (FCA) and the Competition and Markets Authority (CMA) announced on Thursday (Aug. 16) that consumers and small businesses will have better information about the services offered by account providers so they can make better decisions about which services are right for...
The U.S. Securities and Exchange Commission (SEC) announced, according to Reuters, that it has charged Ameriprise Financial, a registered investment advisor and broker-dealer, $4.5 million due to the company’s failure to safeguard retail investor assets from theft by its representatives. According to the SEC’s order, five...
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1,500 complaints about suspicious activity per month. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree...
The Consumer Financial Protection Bureau announced Friday (August 10) that it entered into a settlement agreement with Richard Moseley, Sr., Richard Moseley, Jr., and 20 interrelated corporate entities controlled by the two regarding payday loans. Get the Full Story Complete the form to unlock this article...
Federal Savings Bank‘s chief executive Steve Calk is being accused of helping Paul Manafort, the former Trump campaign chairman, secure loans in exchange for a post in the Trump administration. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Tesla and its chief executive Elon Musk have been hit with two lawsuits by investors who are accusing Musk and his company of fraud. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
In a move that has surprised military families, the Consumer Financial Protection Bureau (CFPB) is planning to suspend routine examinations of lenders for violations of the Military Lending Act, which was designed to protect military service members and their families from financial fraud, predatory loans...
The judge in the federal tax fraud case against former Trump Campaign Chairman Paul Manafort called for a break in the case, as prosecutors sought to clarify comments made by the judge, according to a new report. Get the Full Story Complete the form to...
