Are Conservative Lawmakers Holding Financial Institutions Accountable?
The recent news of Bank of America being fined $250 million for engaging in illegal practices has once again raised concerns about the accountability of financial institutions. Bank of America’s Illegal Practices: Bank of America has been ordered to pay a substantial amount in penalties and customer compensation due to a range of illegal practices. […]
Social Security: Most Americans unaware of financial shortfall – NewsNation Now
(NewsNation) — Millions of Americans could see their Social Security benefits cut in just nine years, but a recent report suggests most people don’t even know it. new Peter G. Peterson Foundation Research It found that only 30% of Americans know that without reform, Social Security benefits would be cut by 21% over nine years. […]
Archie Norman blames pension funds for decline of London's stock market – Financial Times
Get your free copy of Editor’s Digest FT editor Roula Khalaf picks her favourite stories in this weekly newsletter. City executive Archie Norman blamed a lack of funding for British pension funds invested in British companies and a decline in corporate share options for the long-term slump in the London stock market. Norman, who is […]
Supreme Court justices’ financial disclosures: 5 revelations
The Supreme Court justice’s latest financial disclosure was released Friday, revealing details about the judge’s new rental property, hundreds of thousands of dollars in book royalties, and Beyonce gives away concert tickets. The 2023 disclosures of eight of the nine current justices have been released, with Justice Samuel Alito receiving a 90-day extension. Judges have […]
What will become of The Epoch Times with its chief financial officer accused of money laundering?
The Epoch Times’ chief financial officer, Weidong Bill Guan, was indicted on charges of misappropriating $67 million in criminal proceeds to the media outlet, its affiliates and himself. Guan pleaded not guilty but was suspended from the media company. Founded in 2000, The Epoch Times is a newspaper published in 23 languages. The arrest this […]
Consumers discouraged by high interest rates and deteriorating financial health: study
More consumers are considered financially unsound than last year. (iStock) Inflation and the pandemic have driven up interest rates and lowered consumer satisfaction, with roughly 73% of consumers with loans classified as financially unhealthy. J.D. Power Consumer Lending Satisfaction Survey found. Last year, 67% of consumers fell into a similar category, indicating that times remain […]
Consumer Financial Protection Bureau to launch registry of ‘repeat offenders’
The Consumer Financial Protection Bureau (CFPB), the federal government’s top consumer watchdog, announced Monday that it will create a registry to go after companies and individuals that repeatedly violate consumer protection laws. The new rules, originally proposed in December 2022, would require non-bank companies that receive enforcement orders from local, state, or federal consumer protection […]
Financial dangers of store credit cards can be 'severe,' expert warns – Fox Business
Financial expert talks about ‘profound’ impact of retail credit cards: ‘There are so many strings attached’ Nearly every store offers rewards credit cards for customers, but not all of the offers translate into big savings — and one personal finance expert warns that these offers are often a “catch-up” for long-term problems. “For consumers, it’s […]
Biden’s move to lift financial restrictions on notorious dictatorship triggers backlash
Cuban-American lawmakers have slammed the Biden administration after the U.S. Treasury Department announced it would lift some financial restrictions on Cuba. Treasury officials Adjustment The initiative aims to support independent businesses and “internet-based services to promote internet freedom in Cuba, support independent private Cuban entrepreneurs, and expand access to certain financial services” for Cubans who […]
Former MLB umpire Angel Hernandez took financial settlement to retire: reports
It’s the end of a tumultuous career for MLB umpire Angel Hernandez, who announced his retirement late Monday night. Hernandez last played on May 9, so it’s easy to understand why he was off the field for nearly three weeks before suddenly retiring. Hernandez and MLB reportedly reached a financial settlement that will allow the […]