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Regulators

JPMorgan Chase, Wells Fargo and Bank of America Lose $5,000,000,000 in Push To Offload Rotten Debt As Credit Card Delinquencies Surge

US banks are increasingly offloading billions of dollars in bad debt that they've officially given up on collecting, according to…

September 20, 2024

Judge Extends Deadline for U.S. Securities and Exchange Commission To Produce Documents in Coinbase Court Battle

A judge has granted the U.S. Securities and Exchange Commission's (SEC) request for a deadline extension to produce documents related…

September 20, 2024

$14,000,000 Handout To Bank of America Customers Incoming After Lender Accused of Intentional Charging Hidden Fees, Violating Account Agreements

Bank of America is preparing to hand $14 million to customers in a settlement over alleged hidden fees. The settlement…

September 20, 2024

Australian Reserve Bank Has ‘Strategic Commitment’ To Develop CBDC System, According to Assistant Governor

Australia’s central bank and banknote issuing authority is pursuing initiatives on central bank digital currency (CBDC) and digital money. According…

September 19, 2024

Louisiana Announces That State Services Can Now Be Paid For With Crypto

The Southern Coastal US state of Louisiana is announcing that its services can now be paid for with crypto assets.…

September 19, 2024

US Lawmakers Demand Answers From Gary Gensler on SEC’s Position That Crypto Airdrops Are Securities Transactions

Two crypto-friendly US lawmakers want U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler to clarify the regulator's position on…

September 19, 2024

Bitcoin Taps $61,000 As Federal Reserve Slashes Interest Rates for First Time in Four Years

The Federal Reserve just cut interest rates for the first time since March of 2020, fueling volatility in global markets.…

September 18, 2024

Department of the Treasury Sanctions Cambodian Senator Accused of Running Crypto Scams

The financial intelligence and enforcement agency of the U.S. Treasury Department is announcing sanctions against a Southeast Asian lawmaker and…

September 18, 2024

Trio of US Senators Including Elizabeth Warren Ask Fed Chair Jerome Powell To Cut Rates by 75 Basis Points

A trio of Democratic senators want the U.S. Federal Reserve to cut the federal funds rate by 75 basis points…

September 18, 2024

Former Binance CEO Changpeng Zhao To Be Released From Prison September 29

The founding CEO of Binance is rapidly approaching his prison release date. According to the U.S. Federal Bureau of Prisons…

September 16, 2024