The Consumer Financial Protection Bureau cited improper overdraft fees, account freezes, auto repossessions and misapplied home loan payments that have harmed millions of consumers since 2011.
Category: Regulation and Deregulation of Industry
-
Wells Fargo to Pay $3.7 Billion Over Consumer Banking Violations
The New York Times – Business: -
Amazon and E.U. Reach Deal to End Antitrust Investigation
The New York Times – Business:The online retail giant avoided a major fine but agreed to changes that have long been sought by merchants who depend on Amazon to reach customers.
-
Clean Energy Quest Pits Google Against Utilities
The New York Times – Business:Google says it can’t meet its goals for renewable power unless state-regulated utilities, particularly in the Southeast, give way to market competition.
-
GM Unit’s Self-Driving Taxis Are Subject of US Safety Investigation
The New York Times – Business:The National Highway Traffic Safety Administration is looking into unexpected braking by cars operated by Cruise, a part of General Motors.
-
Can a Federally Funded ‘Netflix Model’ Fix the Broken Market for Antibiotics?
The New York Times – Business:Shortages and drug-resistant germs have renewed attention on a $6 billion proposal in Congress that would reconfigure the way antimicrobial drugs are developed and sold.
-
A Traditional Exchange? FTX Was Anything But.
The New York Times – Business:FTX called itself an exchange. But it was vastly different from stock exchanges, which are highly regulated and barred from engaging in many of the activities FTX pursued.
-
A Traditional Exchange? FTX Was Anything But.
The New York Times – Business:FTX called itself an exchange. But it was vastly different from stock exchanges, which are highly regulated and barred from engaging in many of the activities FTX pursued.
-
California Reduces Subsidies for Homes With Rooftop Solar
The New York Times – Business:The decision, which would reduce the incentive for homeowners to install solar panels, could influence other states to make similar changes.
-
Amazon Agrees to Change Some Business Practices in EU Settlement
The New York Times – Business:The e-commerce giant avoided a fine, but will make a variety of changes regulators believe will help independent merchants who had raised alarms about Amazon’s tactics.