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Brendan Clegg Joins Arnold Porter's Financial Services Practice as Partner

Brendan Clegg Joins Arnold Porter's Financial Services Practice as Partner

Brendan Clegg Joins Arnold Porter's Financial Services Practice as Partner
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Fintech Lenders Utilize Alternative Data to Expand Credit Access for U.S. Consumers and Small Businesses

Fintech Lenders Utilize Alternative Data to Expand Credit Access for U.S. Consumers and Small Businesses

Fintech Lenders Utilize Alternative Data to Expand Credit Access for U.S. Consumers and Small Businesses
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CFPB Halts Publication of Consumer Complaint Narratives and Visualizations

CFPB Halts Publication of Consumer Complaint Narratives and Visualizations

The Consumer Financial Protection Bureau (CFPB) announced on August 14 that it will no longer publish consumer complaint narratives and associated data visualizations in its Consumer Complaint Database. The CFPB stated that the publication of these materials was discretionary and that the narratives contain unverified allegations. According to the Bureau, these narratives present individual consumers’ accounts without independent verification of the underlying claims. The CFPB explained that publishing such narratives could create a misleading perception of companies' compliance, as the database primarily reflects negative experiences rather than a representative sample of all customer interactions. The Bureau also cited potential reputational harm to companies as a contributing factor in its decision to discontinue this practice. While new narratives and visualizations will no longer be published, previously released narratives will remain accessible through the CFPB’s FOIA Reading Room. The CFPB will con...
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Mark Walter's Sports Empire Under SEC Scrutiny for Undisclosed Related-Party Loans from Insurance Companies

Mark Walter's Sports Empire Under SEC Scrutiny for Undisclosed Related-Party Loans from Insurance Companies

Mark Walter's Sports Empire Under SEC Scrutiny for Undisclosed Related-Party Loans from Insurance Companies
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Smart Investors Prepare for Potential Bear Market by Reducing Risk and Diversifying Portfolios

Smart Investors Prepare for Potential Bear Market by Reducing Risk and Diversifying Portfolios

Smart Investors Prepare for Potential Bear Market by Reducing Risk and Diversifying Portfolios
Reuters Reuters
Oil falls as US prepares to unveil new Iran sanctions

Oil falls as US prepares to unveil new Iran sanctions

By Florence Tan and Trixie Yap SINGAPORE, Aug 24 (Reuters) - Oil prices slipped more than $1 a barrel on Monday as investors took profits ahead of an expected announcement from Washington about imposing more sanctions on Iran that may further disrupt supplies from the Middle East.
TheStreet TheStreet
The next big oil trade may have nothing to do with oil stocks

The next big oil trade may have nothing to do with oil stocks

A brutal oil shock is creating opportunity in one unlikely sector
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Kirtland Hills Capital Management LLC Invests in Charles Schwab Corporation

Kirtland Hills Capital Management LLC Invests in Charles Schwab Corporation

Kirtland Hills Capital Management LLC Invests in Charles Schwab Corporation
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Office of the Comptroller of the Currency Seeks Deputy Comptroller for Large and Global Financial Institutions

Office of the Comptroller of the Currency Seeks Deputy Comptroller for Large and Global Financial Institutions

Office of the Comptroller of the Currency Seeks Deputy Comptroller for Large and Global Financial Institutions
Reuters Reuters
Commerzbank chair calls for review of German takeover rules after UniCredit bid

Commerzbank chair calls for review of German takeover rules after UniCredit bid

BERLIN, Aug 23 (Reuters) - Commerzbank's supervisory board chair, Jens Weidmann, has called for a review of Germany's takeover rules, saying UniCredit was able to secure control of the lender without offering shareholders an adequate premium, a newspaper reported on Sunday.
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American Bankers Association Urges FATF to Refine Cross-Border Payment Transparency Standards

American Bankers Association Urges FATF to Refine Cross-Border Payment Transparency Standards

American Bankers Association Urges FATF to Refine Cross-Border Payment Transparency Standards
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Bank of New York Mellon Corp Invests $266.65 Million in Bunge Global SA

Bank of New York Mellon Corp Invests $266.65 Million in Bunge Global SA

Bank of New York Mellon Corp Invests $266.65 Million in Bunge Global SA