When Rep. Chuy Garcia, D-Illinois, learned about the International Monetary Fund’s surcharge policy, it felt familiar: “To me, this looks like the business model of payday lenders here in Chicago, not an economic development agency.” The IMF is the lender of last resort to countries ...
The Federal Trade Commission’s preliminary motion to stop Microsoft from acquiring Activision-Blizzard has been rejected. The case is now primarily considered resolved, as the courts deemed the FTC had not demonstrated that competition would be substantially affected. The injunction would ...
The Consumer Financial Protection Bureau, the federal agency responsible for protecting consumers in the financial industry, recently proposed a rule to cap credit card late fees to $8 or 25 percent of the minimum missed credit card payment — whichever is lower. Today, credit card issuers ...
One might think that at some point, lawyers would learn what they absolutely cannot do with artificial intelligence. But that day is not today. The recent case of a New York federal judge sanctioning lawyers who submitted a legal brief written by the artificial intelligence tool ChatGPT, ...
The Supreme Court typically waits until the end of a term before releasing its most impactful and controversial decisions. This term’s final decision was Biden v. Nebraska, which held that President Biden lacks authority to spend half a trillion dollars to cancel federal student-loan debt. ...
Sen. Tim Scott of South Carolina, a Republican presidential contender, is leaning into criticism of the Consumer Financial Protection Bureau for leaking data from more than 250,000 consumers earlier this year. News of the unauthorized data leak comes as CFPB Director Rohit Chopra is pursuing ...