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GRIP Extra: Pro-labor US labor secretary in, Nasdaq shuts down high speed trading service
Other news includes a $1b Salesforce investment in Singapore, the EU removing four Russian from sanctions list due to Hungarian pressure, and French publishers suing Meta over AI models.
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Trump Organization sues Capital One for closing its accounts
The bank and credit card lender has to defend itself in a lawsuit from a company owned by President Trump while also seeking merger approval from US antitrust authorities.
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GRIP Extra: CFPB drops Zelle suit, Barclays suffers 3-day IT outage
Other news includes assistance from the SEC for filers using EDGAR, a probe into Nvidia shipments to Malaysia and another bank reviewing its approach to DEI.
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CFPB case against Capital One dismissed
The CFPB had accused the bank of keeping a higher-paying savings product from some legacy savings account holders.
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Trump nominates CFTC, OCC, and CFPB heads
Nominated agency heads promise deregulation and rulemaking clarity.
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“Do not give Musk access to sensitive data,” politicians warn US regulators
Eyebrows have been raised over Elon Musk’s attempt to access federal payment systems and other sensitive information.
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CFPB shutdown sees enforcement and proposed rules on hold, lawsuits begin
The financial watchdog was intended to protect people from being ripped off by banks and other institutions.
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Chopra axed at CFPB, Bessent steps in as Acting Director
After widely-predicted move, Bureau will dissolve several pending cases and place activist disposition on ice.