Two Wells Fargo advisory firms and Merrill Lynch have agreed to settle Securities and Exchange Commission (SEC) charges that they violated Advisers Act rules relating to their cash sweeps programs. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
After the U.S. Supreme Court upheld the law that forces a sale or ban of TikTok, the company and President-elect Donald Trump said in separate statements that there may be a solution that keeps the social media app available in the U.S. Get the Full...
Equifax has agreed to a settlement and consent order that will resolve Consumer Financial Protection Bureau (CFPB) allegations that the consumer reporting agency failed to take steps to ensure the accuracy of its credit reports. Get the Full Story Complete the form to unlock this...
General Motors agreed to a proposed order to resolve Federal Trade Commission allegations that it collected, used and sold data from connected cars without drivers’ knowledge or consent. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The Consumer Financial Protection Bureau (CFPB) and the National Collegiate Student Loan Trusts have filed a proposed stipulated judgment to resolve the regulator’s lawsuit alleging that the trusts had illegal debt collection practices. Get the Full Story Complete the form to unlock this article and...
The Consumer Financial Protection Bureau (CFPB) filed an amicus brief Thursday (Jan. 16), saying it aims to ensure that credit reporting companies are held accountable for “junk data” and don’t secure “loopholes” in the law that prevent that accountability. Get the Full Story Complete the form to...
The Consumer Financial Protection Bureau ordered Cash App owner Block to pay $175 million to address security failures. 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...
President-elect Donald Trump is reportedly considering a plan to halt a ban on TikTok. 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...
Block has agreed to pay an $80 million fine and undertake corrective actions to resolve a coordinated enforcement action by 48 state financial regulators that alleged the company violated Bank Secrecy Act (BSA) and anti-money laundering (AML) laws. Get the Full Story Complete the form...