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Latest News in Banking

  • December 01, 2021

    CFPB Plots Crackdown On 'Exploitative' Overdraft Fees

    Consumer Financial Protection Bureau Director Rohit Chopra said Wednesday that his agency plans to crack down on heavy account overdraft fees in consumer banking, citing new research showing what he described as an industry addiction to these fees to make money.

  • December 01, 2021

    Husch Blackwell Grows Virtual Office With Finance Hire

    Husch Blackwell LLP has added a new partner in its financial services group who will be based in its virtual office, the latest in a series of attorneys to join the entirely remote team this year, the firm announced Wednesday.

  • December 01, 2021

    Match Agrees To Pay Tinder Founders $441M To End Trial

    Match Group on Wednesday said it has agreed to pay $441 million to Tinder founders who say the dating site company and IAC/InterActiveCorp lowballed a valuation of the company in order to cheat the people behind the success of the popular mobile dating app out of billions of dollars.

  • November 30, 2021

    DC AG Strikes $2.4M Deal With 'Predatory' Fintech Lender

    A Chicago-based firm labeled a "predatory lender" by the Washington, D.C., attorney general's office has agreed to a nearly $2.4 million settlement involving restitution and fines to settle allegations it exploited D.C. residents by charging annual interest rates that were seven times the district's cap, the district's attorney general's office announced Tuesday.

  • November 30, 2021

    Fed's Powell Says He Won't Sideline Supervision Vice Chair

    Federal Reserve Chairman Jerome Powell told senators Tuesday that he won't prevent votes on regulatory proposals he disagrees with if the White House appoints a more progressive vice chair for supervision to the central bank's governing board.

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