A spokeswoman for the payment app’s parent company said the lawsuit against three large banks was “without merit, and legally and factually flawed.”
Category: Regulation and Deregulation of Industry
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He Fought Claims of Harm From Infant Formula. Now He Regulates It.
Kyle Diamantas, a former corporate lawyer, is the new director for the F.D.A. food division, which oversees infant formula. He defended a top maker in cases claiming the company had not warned of potential risks to very low-weight babies.
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Rodney McMullen, Kroger CEO, Resigns After Board’s Personal Conduct Investigation
The grocery chain said it had investigated its chief executive, Rodney McMullen, and found that his actions were “inconsistent” with its business ethics policy.
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Trump Faces Blowback Over Plans for Crypto Reserve
Digital assets like Bitcoin rallied on the president’s backing for a strategic holding, but even some conservatives and industry backers disapproved.
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How Consumers Can Protect Themselves With the CFPB on Pause
Rules on bank and credit card fees, medical debt and payment apps are in limbo. One thing you can do is carefully check your financial statements, one expert says.
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Paramount’s Shari Redstone Wants a Resolution on President Trump Lawsuit Ahead of Skydance Merger
Redstone, who controls Paramount, has been trying to close a merger with the Hollywood studio Skydance. President Trump’s lawsuit against CBS News is complicating matters.
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S.E.C. Declares Memecoins Are Not Subject to Oversight
The agency said the novelty digital assets were not securities, a month after President Trump issued his own memecoin.
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Cuts at USAID and Elsewhere Strains Global Journalism
Investigative journalists around the world relied on funding from the U.S. Now, those watchdogs are scrambling to survive a sudden cash crunch.
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Americans Brace for Inflation as Trump’s Tariffs Start to Take Effect
More Americans are starting to brace for higher prices as President Trump’s policies begin to take effect.
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Americans Are Expecting Higher Prices. That Could Unnerve the Fed.
More Americans are starting to brace for higher prices as President Trump’s policies begin to take effect.