Banking and Financial Institutions – The United State Media

Fed in No Hurry to Adjust Rates Amid Trump Policy Uncertainty

Reporter USMarch 7, 2025

Jerome H. Powell, chair of the Federal Reserve, said the central bank is focused on the “net effect” of President Trump’s sweeping economic agenda amid high uncertainty about which policies will actually be enacted, as he reiterated that officials are still not in a “hurry” to adjust interest rates. “As we parse the incoming information, […]

Buying a Home? Without the CFPB, You Need to Be Your Own Watchdog.

Reporter USMarch 7, 2025

House prices are stubbornly high, and mortgage rates remain substantially above their prepandemic level. Now, with the spring home buying season looming, shoppers have a new worry: A major federal consumer watchdog has been hobbled. Without the Consumer Financial Protection Bureau, the agency responsible for overseeing most aspects of the home buying process, consumer advocates […]

Stocks Tumble as Trump Pauses Mexico and Canada Tariffs Again

Reporter USMarch 6, 2025

Stocks tumbled on Thursday, adding to a string of recent losses, even after the Trump administration offered a reprieve on tariffs on Canada and Mexico. The S&P 500 dropped 1.8 percent, taking the slide for the index this week to 3.6 percent and putting it on course for its worst week since a banking crisis […]

How the Crypto Exchange Bybit Lost .5 Billion to North Korean Hackers

How the Crypto Exchange Bybit Lost $1.5 Billion to North Korean Hackers

Reporter USMarch 6, 2025

On the night of Feb. 21, Ben Zhou, the chief executive of the cryptocurrency exchange Bybit, logged on to his computer to approve what appeared to be a routine transaction. His company was moving a large amount of Ether, a popular digital currency, from one account to another. Thirty minutes later, Mr. Zhou got a […]

E.C.B. Cuts Interest Rates Again, With an Uncertain Path Ahead

Reporter USMarch 6, 2025

The European Central Bank lowered interest rates on Thursday, the sixth consecutive cut, as the economic landscape for the region rapidly changes. The bank’s key rate was cut by a quarter point to 2.5 percent, which was widely expected as inflation in the region has stayed relatively low and economic growth has been weak. But […]

Trump Says US Banks Can’t Do Business in Canada. It’s Not That Simple.

Reporter USMarch 6, 2025

Hours after imposing steep tariffs on Canada, President Trump raised an issue that even the American lenders whose cause he’s championing find perplexing: the access, or lack thereof, of U.S. banks to the Canadian market. On Tuesday, Mr. Trump wrote in a post on Truth Social, “Canada doesn’t allow American Banks to do business in […]

CFPB Drops Lawsuit Against Banks Over Zelle Scams

Reporter USMarch 5, 2025

The Consumer Financial Protection Bureau on Tuesday dismissed a sweeping lawsuit against three of the nation’s largest banks over what the agency had described as shoddy safeguards on their Zelle money transfer network that allowed scammers to steal hundreds of millions of dollars from customers. The lawsuit, filed in federal court in Arizona in the […]

Stocks Post Biggest Loss of the Year on Trump’s Tariff Plans

Reporter USMarch 3, 2025

Stocks fell sharply on Monday afternoon after President Trump affirmed tariffs on imports from Canada and Mexico, dashing investors’ hopes of a last-minute reprieve and intensifying concern that the sweeping tariffs could hit corporate profits and fuel inflation. The S&P 500 fell 1.8 percent, the index’s biggest daily drop this year. The technology-heavy Nasdaq fell […]

How Consumers Can Protect Themselves With the CFPB on Pause

Reporter USFebruary 28, 2025

With the government seemingly stepping back from regulatory duties, consumers may have to act as their own financial watchdogs. The Consumer Financial Protection Bureau, the independent federal agency created after the 2008 financial crisis to shield people from fraud and abuse by lenders and financial firms, has been muzzled, at least temporarily. “Everything is on […]

CFPB Drops Lawsuit Against Capital One Bank That Accused It of Tricking Customers

Reporter USFebruary 27, 2025

Days before President Trump was inaugurated, the Consumer Financial Protection Bureau sued Capital One, accusing it of using deceptive tactics that the bureau said cheated customers out of $2 billion in interest payments on their savings accounts. On Thursday, the bureau abandoned that lawsuit and permanently waived its legal right to ever again pursue the […]

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Category: Banking and Financial Institutions

Fed in No Hurry to Adjust Rates Amid Trump Policy Uncertainty

Buying a Home? Without the CFPB, You Need to Be Your Own Watchdog.

Stocks Tumble as Trump Pauses Mexico and Canada Tariffs Again

E.C.B. Cuts Interest Rates Again, With an Uncertain Path Ahead

Trump Says US Banks Can’t Do Business in Canada. It’s Not That Simple.

CFPB Drops Lawsuit Against Banks Over Zelle Scams

Stocks Post Biggest Loss of the Year on Trump’s Tariff Plans

How Consumers Can Protect Themselves With the CFPB on Pause

CFPB Drops Lawsuit Against Capital One Bank That Accused It of Tricking Customers

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