Citizens Bank ends partnerships with CoreCivic and GEO Group due to ICE agreements
Bank Discrimination Based on Politics Considered Illegal Greg Jarrett, a legal analyst, discussed with Lawrence Jones the legality of banks discriminating based on political or religious beliefs. Jarrett emphasized that both federal and state laws are in place to protect consumers, stating that closing accounts due to these beliefs is illegal unless there’s evidence of […]
Citizens Bank to sever connections with CoreCivic and GEO following intense public pressure
Citizens Bank to Scale Back Ties with Private Prison Companies NEW YORK – Citizens Bank has announced plans to reduce its financial connections with two private prison firms, CoreCivic and The GEO Group. This decision follows rising public pressure from advocacy groups and progressive city governments. These companies have been involved in managing immigrant detention […]
Court denies GEO Group’s request in immigration detainee case
Supreme Court Ruling on GEO Group Lawsuit The Supreme Court has decided not to shield the GEO Group, a significant private prison company, from a lawsuit claiming that detainees in Colorado were coerced into working for little or no pay. In an unanimous decision, the justices dismissed an appeal from GEO Group, based in Florida, […]
PIC directs SBP to provide list of employees with dual nationality in 10 days – Geo News
National Bank of Pakistan building in Karachi. — app/file Directive issued under the case of Azmat Khan v. State Bank of Pakistan. SBP's appeal was dismissed by the captain for lack of just cause. SBP's legal team is awaiting formal orders regarding disclosure from the PIC. LAHORE: The Pakistan Information Commission (PIC) on Saturday asked […]
26th amendment sets Jan 2028 deadline to end Riba, paves way for interest-free banking – Geo News
Pakistani rupee banknotes are reflected on a counting machine at a bank in Peshawar on August 22, 2023. Clause added as proposed by JUI-F. January 2028 is the deadline for completing Riba practice. All transactions involving Riba are “wrong.” The 26th Constitutional Amendment Bill, 2024, recently passed by the Senate, sets a deadline of January […]
Rupee poised for further consolidation amid IMF loan agreement – Geo News
Tresmark said he expects the rupee to hover around Rs 278 and the market is not expecting any significant appreciation. A trader counts Pakistani rupee notes at a currency exchange in Peshawar, Pakistan, on December 3, 2018. — Reuters The rupee is likely to remain stable in the short to medium term. The […]