May 15, 2025

Consumer Financial Protection Bureau

Finance

US consumer finance watchdog proposes scrapping bad actor registry

(Reuters) -The U.S. Consumer Financial Protection Bureau is proposing to do away with a registry of nonbank corporate offenders, which was created under the Biden administration to track companies caught violating consumer laws, according to a notice submitted on Tuesday to the Federal Register. The is the latest step in the Trump administration’s broad retrenchment

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Finance

What the Fed’s Rate Decision Means for Loans, Credit Cards, Mortgages and More

The Federal Reserve is expected to keep its key rate steady on Wednesday, after a series of cuts that lowered rates by a full percentage point last year. That means consumers looking to borrow are likely to have to wait a bit longer for better deals on many loans, but savers will benefit from steadier

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Crypto

Elon Musk Denies U.S. Government Plans To Use Dogecoin, Cryptocurrency Drops 3%

Elon Musk clarified that the U.S. government has no intention of adopting Dogecoin, despite rumors sparked by the creation of the Department of Government Efficiency (DOGE). Speaking at a town hall in Green Bay, Wisconsin, Musk emphasized that the department and the meme coin were not connected. “There are no plans for the government to

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