U.S. Senator Elizabeth Warren (D-MA) and Director of the United States Office of Management and Budget, Russell Vought. Kevin Mohatt | Kevin Lamarque | | Reuters Sen. Elizabeth Warren on Friday accused the acting head of the Consumer Financial Protection Bureau of undermining President Donald Trump’s stated push to make credit cards more affordable, according…
President Donald Trump sued JPMorgan Chase and its CEO, Jamie Dimon, on Thursday for closing his and related entities’ accounts in early 2021 after decades of being customers of the bank, allegedly for political reasons. The closures came on the heels of the Jan. 6, 2021, riot by Trump supporters at the U.S. Capitol, and…
(L-R) Wells Fargo CEO and President Charles Scharf, Brian Bank of America Chairman and CEO Thomas Moynihan, JPMorgan Chase Chairman and CEO Jamie Dimon, Citigroup CEO Jane Fraser, State Street CEO Ronald OÕHanley, BNY Mellon CEO Robin Vince, Goldman Sachs CEO David Solomon and Morgan Stanley CEO James Gorman, testify during a Wall Street oversight…
Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images Instacart will pay $60 million to settle allegations by the Federal Trade Commission that it misled users with false advertising and deployed “unlawful subscription enrollment” practices. The federal agency alleged that Instacart used deceptive tactics in its subscription sign-up and “satisfaction guarantee” advertising that caused…
Anastasiia Krivenok | Moment | Getty Images With many federal student loan borrowers struggling to repay their debt, consumer advocates and financial advisors say it’s crucial that consumers know about the U.S. Department of Education’s affordable repayment plans and forgiveness programs. Unfortunately, some don’t. “Many borrowers end up paying more than necessary simply because they aren’t aware…
West Virginia Gov. Jim Justice holds up his dog Babydog as he comes to the end of his State of the State speech in the House chambers, at the West Virginia State Capitol in Charleston, W.Va., Thursday, Jan. 27, 2022. Chris Dorst | Charleston Gazette | AP The U.S. government on Monday sued Sen. Jim…
People walk past a Prada storefront located in a modern shopping complex on January 26, 2025, in Chongqing, China. Cheng Xin | Getty Images News | Getty Images Chinese shoppers are returning to luxury. Top executives from Prada, Coach, EssilorLuxottica and Value Retail told CNBC they’re seeing demand in China stabilize after months of weakness,…
An exterior view of the new JPMorgan Chase global headquarters building at 270 Park Avenue on Nov. 13, 2025 in New York City. Angela Weiss | AFP | Getty Images JPMorgan Chase has secured deals ensuring it will get paid by the fintech firms responsible for nearly all the data requests made by third-party apps…
Lisa Cook, governor of the US Federal Reserve, at The Brookings Institute in Washington, DC, US, on Monday, Nov. 3, 2025. Aaron Schwartz | Bloomberg | Getty Images The Supreme Court said Wednesday that it will hear oral arguments in the case challenging President Donald Trump‘s authority to fire Federal Reserve Gov. Lisa Cook on…
The administration of President Donald Trump is taking aim at state laws that ban the inclusion of medical debt on consumers’ credit reports. In late October, the Consumer Financial Protection Bureau released what’s known as an interpretive rule, stating that laws prohibiting medical debt reporting in 15 states are preempted by the Fair Credit Reporting…
