Hints and tips:
...(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...
...Write to the FintechFT team at imani.moise@ft.com and sid.v@ft.com....
...Send any thoughts to trade.secrets@ft.com, or email me at aime.williams@ft.com....
...The biggest concern is consumer protection. There’s a longstanding perception that America needs a minimum of four wireless companies for healthy competition....
...Ms Warren has a history of taking on the largest Wall Street banks, and was appointed by Barack Obama when he was president to set up the Consumer Financial Protection Bureau following the financial crisis...
...richard.waters@ft.com...
...Joseph Simons, the chairman of the Federal Trade Commission, has pledged “vigorous” antitrust enforcement, including hearings later this year on competition and consumer protection....
...The Consumer Financial Protection Bureau found that 7m accounts had been affected by “deceptive” marketing....
...In 2013, the Consumer Financial Protection Bureau changed rules to require banks to display information about charges on-screen or on a slip of paper, before the point at which the consumer is committed...
...With the (temporary) exception of the Consumer Financial Protection Bureau, the Treasury, Fed and other supervisory agencies are imposing fewer new rules and being more generous in their interpretation of...
...In the last three months of 2016 the company was the most complained-about in the country, according to data logged by the Consumer Financial Protection Bureau....
...The Fed is considering conducting stress tests every two years, the SEC is reining in the issuance of subpoenas used to build enforcement cases, and Mr Trump has moved to defang the Consumer Financial Protection...
...In these capacities, he took a leading role in developing responses to the financial crisis and in undertaking new initiatives to improve consumer protection and disclosure, including rules related to home...
...Thanks to a series of court rulings since the mid-2000s, such as eBay v MercExchange in 2007, Mayo Collaborative Services v Prometheus Laboratories in 2012 and Alice Corp v CLS Bank in 2014, and the subsequent...
...OnDeck Capital on Wednesday breezily told a conference that the Consumer Financial Protection Bureau was looking at the sector but that this was a “good thing” and its mandate really only extended to data...
...Financial Protection Bureau....
...Lending Club and its instalment-lending peers are facing new levels of oversight by the Consumer Financial Protection Bureau, beginning later this year, for example, and a sector-wide probe into pricing...
...Within a few months the Consumer Financial Protection Bureau should have drawn up new rules designed to put an end to “debt traps”, where customers end up replacing one very expensive loan with another....
...The New York-based bank will also have to pay a penalty of $70m to the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency. (FT)....
...Until now, the two chief federal watchdogs — the Securities and Exchange Commission and the Consumer Financial Protection Bureau — have been sniffing elsewhere....
...The requirement that everyone buys insurance (the so-called individual mandate) is accompanied by consumer-protection rules, most notably that insurers neither reject customers, nor charge them differently...
...President Barack Obama made a “recess appointment” to the vacant top of the new Consumer Financial Protection Bureau. Now that it has a boss, it can act....
...world.view@ft.com...
...Engaging India appears every Thursday morning exclusively on FT.com India and is written by Jo Johnson, the Financial Times’ South Asia bureau chief; Amy Yee, New Delhi correspondent; and Joe Leahy, Mumbai...
...Both the professional and the consumer business models are evolving. Bloomberg and Reuters, for example, are increasingly chasing a consumer audience, funded by online advertising....
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