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...Research by the Consumer Financial Protection Bureau showed that more than 80 per cent of the market for credit cards is controlled by 10 of the 4,000 banks that offer them, including Capital One and Discover...
...It also created a muscular new federal agency — the Consumer Financial Protection Bureau (CFPB) — to implement and enforce both the new mortgage laws and other laws governing consumer financial products...
...It is not just rising base rates that are to blame: credit card companies have increased the margin they add on to a record high, the Consumer Financial Protection Bureau found last month....
...The consumer price index rose 6 per cent year on year last month, following a 0.4 per cent increase from the previous month, the Bureau of Labor Statistics said on Tuesday....
...Sonja Hutson You mentioned earlier the absence of data protection laws in the US and that’s a big difference with the EU, which does have a whole system of laws to protect consumers’ online data....
...Just this week, the Consumer Financial Protection Bureau slammed Wells Fargo with a record-breaking $1.7bn fine....
...Copa Cogeca, which represents EU farmers, says it is fully supportive of the protection and management of nature....
...In the US, in particular, consumer protections are better. The Consumer Financial Protection Bureau has been a huge plus. In the mortgage space at least, we have much more resilient homeowners....
...(Chloe Cornish) Fintech Fascination US regulator fire a warning shot to Big Tech lender Stefania Palma reports that Rohit Chopra, director of the Consumer Financial Protection Bureau, has warned that Apple...
...set to expire The decision comes after a rift between the top leadership at the FDIC, which insures deposits held at the nation’s lenders, and the Consumer Financial Protection Bureau, which serves as...
...CFPB crashes BNPL party The Consumer Financial Protection Bureau, the US consumer watchdog, last week ordered five of the largest “buy now, pay later” firms to turn over information about their operations...
...(FT) The day ahead Confirmation hearings President Joe Biden’s choices to run the Securities and Exchange Commission and Consumer Financial Protection Bureau — Gary Gensler and Rohit Chopra, respectively...
...Consumer-facing internet companies such as Alibaba, Tencent and Meituan are a crucial part of the country’s economy and its most valuable publicly listed corporations by far....
...According to the Census Bureau’s Small Business Pulse Survey, around 5 per cent of small firms expect to permanently shut down in the next six months, and roughly 25 per cent expect to have to obtain financial...
...Hello from DC, where coronavirus has truly taken hold, and your FT bureau has taken to working from home like most of the city....
...The Fed and the OCC were joined in the statement by the Federal Deposit Insurance Corporation, the Consumer Financial Protection Bureau, the National Credit Union Administration and the Conference of State...
...They’re being led there in part by rapid changes in consumer behaviour....
...A recent study from the National Bureau of Economic Research found that black-owned businesses in the US have been disproportionately impacted by lockdowns and changes in consumer behaviour during the pandemic...
...Idexx said in October that the animal health market had experienced a “V-shaped recovery”....
...Richard Waters, West Coast bureau chief, sees slowing progress in AI, renewed interest in blockchain and another year of attacks on Facebook....
...For example, the top five lithium producers — Albemarle, Jiangxi Ganfeng Lithium, Livent Corporation, SQM, Tianqi Lithium Corporation — have all faced allegations of corruption, tax avoidance or violating...
...Negative rates may be necessary to help support the flow of credit to non-financial corporations. But much of the heavy lifting will have to be done by fiscal policy....
...(WSJ, NYT) Tobacco should learn from PPI As the cost of the payment protection insurance scandal climbs past £50bn, another potential consumer problem is emerging: lung illnesses that appear linked to vaping...
...“Addressing climate change in a meaningful way requires global participation and actions by governments, corporations and consumers.”...
...In addition to the justice department, American Express said it had received inquiries from the Federal Reserve, the Office of the Comptroller of the Currency, the Bureau of Consumer Financial Protection...
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