US Banking Regulator FDIC Hits Bank With $20,448,000 Penalty – About a Quarter of the Lender’s Total Assets
The Federal Deposit Insurance Corporation (FDIC) is penalizing a Weir, Kansas-based bank with a monetary fine equal to over a...
Regulations
Apple To Pay $95,000,000 To Settle Class Action Lawsuit Accusing Tech Giant of Spying on Users, Sharing Data Without Consent
Apple is preparing to pay $95 million to settle a five-year-old lawsuit that alleges the iPhone maker infringed on the...
Crypto.com Exchange Secures ‘In-Principle’ MiCA License, Paving the Way for Full European Union Approval
The Singapore-based exchange Crypto.com has secured an “in-principle” license to operate under the European Union’s new digital asset regulatory framework....
SEC Slaps Digital Currency Group With $38,000,000 Fine, Claims Crypto Venture Firm Misled Investors
The U.S. Securities and Exchange Commission (SEC) is hitting venture capitalist firm Digital Currency Group (DCG) and a former executive...
JPMorgan Chase Spends $2,140,000,000 Battling Bank Lawsuits and Federal Agencies in Two Years: Report
New filings from JPMorgan Chase reveal how much money the biggest bank in the US is spending on legal battles....
Crypto.com becomes first exchange to secure MiCA license for EU operations
Crypto.com announced it has received in-principle approval for a Markets in Crypto Assets (MiCA) license, becoming the first major global...
US Fed Governor Says Rate Cuts Could Resume in the First Half of 2025 If Economic Trends Continue
U.S. Federal Reserve Governor Christopher Waller says multiple rate cuts are possible in the first half of the year. In...
President-Elect Donald Trump Plans a Crypto Executive Order on Day One of His Second Term: Report
President-elect Donald Trump is reportedly going to issue a crypto-related executive order during the first day of his new term....
Whistleblowers Allege FDIC Officials Are Destroying Documents Related to Operation Chokepoint 2.0: Senator Lummis
U.S. Senator Cynthia Lummis (R-WY) wants the Federal Deposit Insurance Corporation (FDIC) to secure materials that could be related to...
Trump’s Choice for Treasury Secretary Sees ‘No Reason’ for the US To Roll Out a Central Bank Digital Currency
President-elect Donald Trump’s pick for Treasury Secretary does not think that the US needs to launch a central bank digital...
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