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CFPB Reaches Multibillion Dollar Settlement with Credit Repair Conglomerate

The Consumer Financial Protection Bureau (CFPB) entered into a proposed settlement with a ring of corporate entities operating some of the largest credit repair brands in the country, including

Hawaiian Electric Denies Causing Lahaina Fire

Hawaiian Electric said Monday that its power lines weren’t responsible for the wildfire that destroyed the town of Lahaina, killing at least 115 people, and blamed Maui County firefighters for an

SEC Probes Major Lender Over Mortgage-Backed Securities Sold to Wall Street

The U.S. Securities and Exchange Commission is probing The Change Company, a California lender that pledges to promote homeownership in underserved communities, over its mortgage-backed securities

FTX's Bankman-Fried Appeals Jailing as Trial Nears

Sam Bankman-Fried has appealed a decision to jail him for alleged witness tampering ahead of his Oct. 3 trial over the collapse of his FTX cryptocurrency exchange, Reuters reported. In a filing late

Bitcoin ETF Deadlines Loom Again for SEC Ahead of Labor Day Weekend

The journey to a potential Bitcoin ETF has so far been long and arduous. But some key decisions in the race are likely coming this week as crypto faithful await to see how things play out this time

Los Angeles-Based Media Company Settles First SEC Enforcement Case over NFTs

A Los Angeles media company that billed itself as potentially "the next Disney" will pay $6.1 million to settle U.S. Securities and Exchange Commission charges it illegally raised nearly $30 million

Americans Are Bailing on Their Home Insurance

Homeowners are increasingly forgoing home insurance, gambling that the likelihood of a disaster isn’t high enough to justify the cost of a policy, the Wall Street Journal reported. Some skipping

Drugmaker Mallinckrodt Files for Second Bankruptcy in the U.S.

Drugmaker Mallinckrodt said today that the company and some of its units have filed for a second bankruptcy in three years in the U.S., with the newest restructuring plan set to reduce its debt by

Rite Aid Prepares Bankruptcy That Would Halt Opioid Lawsuits

Rite Aid is preparing to file for bankruptcy in coming weeks to address mass federal and state lawsuits the drugstore chain is facing over its alleged role in the sale of opioids, WSJ Pro Bankruptcy

3M Agrees to Pay More Than $5.5 Billion Over Military Earplugs

3M Co. has tentatively agreed to pay more than $5.5 billion to resolve over 300,000 lawsuits claiming it sold the U.S. military defective combat earplugs, Bloomberg News reported. The settlement would