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banks

Bureaucratic Battle: Union Fights Back Against Sudden CFPB Shutdown

February 10, 2025

In the nation's capital, a significant showdown is unfolding between a labor union and the acting head of the Consumer Financial Protection Bureau (CFPB), with employees and their representatives fighting back against unexpected directives. This past weekend, the CFPB was thrown into chaos as its ac

finance

The Shocking Shutdown of a Consumer Guardian

February 10, 2025

Imagine, you've found your dream retirement home. It's a cozy place. Cool ocean breezes at night. You can see yourself relaxing in it. Just one day before you close the deal, the bank hits you with a surprising fee. You didn't see it coming. You couldn't find it anywhere in the paperwork. Sound unf

politics

Who's In Charge Now? Government Turns Over Banks Watchdog to New Leader

February 8, 2025

People in charge of important government policies are constantly shuffling. Recently, Russell Vought switched jobs to lead the Consumer Financial Protection bureau. Russell's new role didn't come as an automatic promotion. He got the job after the US Senate approved his slot. They decided to make

finance

Politics in the Bank: The Debanking Dilemma

February 8, 2025

Imagine a world where everyone needs a bank, but not everyone can get one. This is the world of debanking, where certain people or industries are left out in the cold by banks. It's a problem that has politicians on both sides of the aisle worried. Recently, there was a big discussion on Capitol Hil

finance

Bank stocks jump after the Fed's expected 2025 stress test

February 6, 2025

Imagine this: Bank shares going up because the Federal Reserve, the central bank, just did something unexpected with the yearly economic challenges banks. Banking experts are seeing less obstacles ahead for the banks in 2025. The Fed just updated the future financial crisis's expected, hypo

finance

Britain's Economy Faces Slowdown

February 6, 2025

The Bank of England made a move recently, cutting interest rates for the third time in half a year. This decision came as no surprise, given the weak economic growth and a surprising drop in inflation rates. Britain's economic growth forecast for this year has been lowered, making the recen

finance

The Unexpected Pivot: How a Fintech Helped Immigrants During COVID

February 6, 2025

Technological startup Nova Credit was finally gaining traction in the financial world when COVID-19 hit. In 2020, Misha Esipov, the company's cofounder and CEO, found himself in a tough situation: Nova Credit designed a service that allowed immigrants to bring their credit history from other countri

environment

Green Plastic: Your Wallet Can Help the Planet

February 5, 2025

Feeling a bit guilty about your carbon footprint? Consider picking a credit card that's actually helping the planet instead of adding to the problem. But don't go getting fancy ideas in your head, it's not all sunshine and roses. Plastic is not as bad as it was first envisioned, but there are eco-f

finance

UBS' Boost and Bank's Shift

February 4, 2025

In a move that sent Ripples through the financial world, UBS, the powerhouse bank of Switzerland, kicked off a buying spree this year. After delivering a jaw dropping surprise in their fourth quarter report of 2024, the bank will burn through a quarter of their treasure to repurchase shares. Otherwi

crypto

Streamers Plan to Bring Crypto to GTA 6

February 4, 2025

Did you know the gaming world is buzzing with excitement over GTA 6? Streamers Adin Ross and FaZe Banks are making big plans for the game. Guess what they are planning? A server with its own crypto system First off, let’s talk about how far the gaming industry has come. Remember how in the