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Trump Administration’s Plans to Dissolve CFPB Despite Reviving Work
Banks

Trump Administration’s Plans to Dissolve CFPB Despite Reviving Work

Posted on: March 12, 2025

An official from the Consumer Financial Protection Bureau (CFPB) testified under the pseudonym Alex Doe that the Trump administration had plans to fully dissolve the watchdog agency as […]

Senate votes to strip the CFPB of its power to regulate X
Banks

Senate votes to strip the CFPB of its power to regulate X

Posted on: March 6, 2025

The Senate voted on Wednesday to remove a key financial regulator’s ability to monitor digital platforms like X. This decision comes as Elon Musk, the owner of the […]

New Zealand Central Reserve Bank Governor Orr Resigns Unexpectedly
Banks

New Zealand Central Reserve Bank Governor Orr Resigns Unexpectedly

Posted on: March 5, 2025

In a surprising turn of events, Reserve Bank of New Zealand Governor Adrian Orr has announced his resignation without providing a reason for his abrupt exit. The announcement […]

Reserve Bank of New Zealand’s Governor Resigns After Seven Years of Service
Banks

Reserve Bank of New Zealand’s Governor Resigns After Seven Years of Service

Posted on: March 5, 2025

Adrian Orr, the Governor of New Zealand’s central bank, has announced his resignation effective at the end of the month after seven years in the role. Christian Hawkesby, […]

CFPB Drops Lawsuit Against Banks Over Zelle Scams
Banks

CFPB Drops Lawsuit Against Banks Over Zelle Scams

Posted on: March 5, 2025

The Consumer Financial Protection Bureau (CFPB) has withdrawn a significant lawsuit against three major U.S. banks concerning alleged inadequate safeguards on the Zelle money transfer network. Filed during […]

Goldman Sachs to Cut 3% to 5% of Workforce in Annual Layoffs
Banks

Goldman Sachs to Cut 3% to 5% of Workforce in Annual Layoffs

Posted on: March 5, 2025

Goldman Sachs, under the leadership of CEO David Solomon, is set to lay off between 3% and 5% of its global workforce. This decision, which affects over 1,395 […]

CFPB Drops Lawsuit Against JPMorgan Chase, Bank of America, and Wells Fargo Over Zelle Fraud
Banks

CFPB Drops Lawsuit Against JPMorgan Chase, Bank of America, and Wells Fargo Over Zelle Fraud

Posted on: March 5, 2025

The Consumer Financial Protection Bureau (CFPB) has dismissed its lawsuit against Early Warning Services, the operator of the Zelle payments network, along with JPMorgan Chase, Bank of America, […]

US CFPB drops Zelle case against JPMorgan, BofA, Wells Fargo
Banks

US CFPB drops Zelle case against JPMorgan, BofA, Wells Fargo

Posted on: March 5, 2025

March 4 (Reuters) – The U.S. Consumer Financial Protection Bureau (CFPB) informed a federal court on Tuesday that it was dropping a lawsuit filed in December against JPMorgan […]

SEC Dangles $50,000 Incentive for Employees to Resign or Retire
Banks

SEC Dangles $50,000 Incentive for Employees to Resign or Retire

Posted on: March 4, 2025

The U.S. Securities and Exchange Commission (SEC) is offering eligible employees a $50,000 incentive to resign or retire by April 4, according to an email reviewed by Bloomberg. […]

Citigroup Briefly Makes Customer the Richest Person in History With Mistaken $81 Trillion Transfer
Banks

Citigroup Briefly Makes Customer the Richest Person in History With Mistaken $81 Trillion Transfer

Posted on: March 1, 2025

In April of the previous year, a Citigroup employee mistakenly initiated a fund transfer of $81 trillion to a customer’s account, an amount that would have made them […]

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