Judge Throws Out Trump Campaign’s Libel Claim Against CNN November 13, 2020 By Pete Schroeder A U.S. judge on Thursday dismissed a libel lawsuit filed by President Donald Trump’s re-election campaign against CNN over a...
Capital One Will Pay $80 Million Fine for Data Breach During Cloud Transfer August 7, 2020 By Pete Schroeder Capital One Financial Corp will pay an $80 million penalty to a U.S. bank regulator after the bank suffered a...
Reuters: Banks Cite Liability Risks, May Not Participate in Coronavirus Lending Plan April 2, 2020 By Pete Schroeder and David Henry Thousands of U.S. banks, including some of the country’s largest lenders, have said they may not participate in the federal...
Wells Fargo to Pay $3B to U.S. to Settle Fake Accounts Scandal February 24, 2020 By Chris Prentice, Pete Schroeder and Imani Moise Wells Fargo & Co. has agreed to pay $3 billion to resolve criminal and civil probes into fraudulent sales practices...
SEC Enforcement Activity Up From Last Year; One Case Affected 8,400 Investors November 7, 2019 By Pete Schroeder and Chris Prentice Enforcement activity by the U.S. Securities and Exchange Commission in fiscal 2019 resulted in $4.3 billion in fines and disgorgements,...
U.S. Lawmakers Urge Regulators to Treat Cloud Services as Players in Financial System August 23, 2019 By Pete Schroeder Two U.S. lawmakers have called on a top financial regulatory panel to consider direct oversight of the cloud services big...
Equifax’s $700 Million Data Breach Settlement Criticized July 23, 2019 By Pete Schroeder Credit-reporting company Equifax Inc will pay up to $700 million to settle claims it broke the law during a massive...
Equifax’s $700 Million Data Breach Settlement Includes $300 Million for Consumers July 22, 2019 By Pete Schroeder Credit-reporting company Equifax Inc. will pay up to $700 million to settle U.S. federal and state probes into a massive...
House Democrats Eye Possible Ban on Big Tech Firms Offering Financial Services July 15, 2019 By Pete Schroeder and Ismail Shakil A proposal to prevent big technology companies from functioning as financial institutions or issuing digital currencies has been circulated for...
Meeting Between Regulators, Employees Helped Set Stage for Wells Fargo CEO Exit April 9, 2019 By Imani Moise and Pete Schroeder The day after former Wells Fargo & Co. Chief Executive Tim Sloan told U.S. lawmakers he was transforming the bank’s...