(Reuters) – The U.S. Consumer Financial Protection Bureau announced on Friday it had fined credit reporting bureau Equifax $15 million for failing to sufficiently investigate consumer disputes of its credit reports. The bureau said Equifax ignored consumer documents and evidence (…)
(Reuters Breakingviews) -When a chief executive unveils a big merger, the fretting begins. Concerns about a repeat of disasters like AOL-Time Warner or Bayer-Monsanto immediately spring to mind. It’s a particular concern for 2025 as steadier interest rates and laxer (…)
(Westlaw) A New York blockchain engineer for Game Coin LLC has agreed to settle fraud charges for his role in a scheme that defrauded investors in the company’s digital token, according to the Securities and Exchange Commission. Securities and Exchange Commission v. (…)
(CryptoSlate) Solana-based Helium Network is gearing up to contest a lawsuit filed against it by the US Securities and Exchange Commission (SEC). On Jan. 17, the SEC announced legal action against Nova Labs, the company behind the Helium Network. The (…)
(American Banker) Unless the new administration squashes it, soon banks and fintechs will need to work with the FDIC’s so-called Synapse rule, which would require them to ensure that the balances of custodial deposit accounts are accurate and reconciled on (…)
(Westlaw). Interactive Brokers LLC has agreed to pay more than $2.2 million in fines to resolve allegations by the Financial Industry Regulatory Authority that it failed to restrict customers that engaged in a prohibited trading practice. The settlement announced Dec. (…)
(Reuters) -Smithfield Foods on Monday made public its paperwork for its New York initial public offering as the maker of Farmland bacon and Farmer John sausages prepares for its U.S. stock market return after more than a decade. Hong Kong-based (…)
(Reuters) – U.S. companies rushed to the corporate bond markets on Monday as what is usually a seasonal fund-raising spree over the first few days of a new year gained extra momentum to get ahead of any further rise in (…)
(Reuters) – Chipmaker Nvidia has completed its acquisition of Israeli AI firm Run:ai, the startup said on Monday, following antitrust scrutiny over the buyout. The European Commission granted unconditional approval to Nvidia’s $700 million bid for Run:ai, which helps developers (…)
(Reuters) – The new year may bring pivotal developments in a series of copyright lawsuits that could shape the future business of artificial intelligence. The lawsuits from authors, news outlets, visual artists, musicians and other copyright owners accuse OpenAI, Anthropic, (…)