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U.S. OCC Fines U.S. Bank $15 Million for Unfair Practices

The U.S. Office of the Comptroller of the Currency assessed a $15 million civil money penalty against U.S. Bank for violations of law relating to its administration of a prepaid card program to

Signa Holds Talks to Sell Chrysler Building Amid Insolvency

Insolvent European property company Signa is holding talks to potentially sell its stake in New York's Chrysler Building and is shedding its private jet, its administrator said on Tuesday, a

CFPB Report Finds Many College-Sponsored Financial Products Charge High and Unusual Fees

The Consumer Financial Protection Bureau (CFPB) issued a report yesterday highlighting that many college-sponsored financial products have higher fees and worse terms and conditions compared to

New U.S. Rule Targeting Real Estate Money Laundering Reaches White House Review

A long-awaited U.S. rule aimed at curbing money laundering in real estate has reached a key White House office for review, the final hurdle for it to clear before it can be formally proposed next year

Houston Court Clears Bankruptcy Judge Marvin Isgur of Bias Claims Over Colleague’s Ethics Lapse

Houston bankruptcy court rejected a request from creditors of hand-sanitizer maker 4E Brands to disqualify Judge Marvin Isgur from ruling on a fee dispute involving the company’s law firm, saying no

Bankruptcies Soar as High Rates and End of COVID Aid Hit Businesses Hard Across the Globe

Corporate bankruptcies are increasing at double-digit rates in most advanced economies as borrowing costs rise and governments unwind pandemic-era measures to support business worth trillions of

Extension Granted for Creditors to File Claims in MV Realty Bankruptcies

The U.S. Bankruptcy Court for the Southern District of Florida on Nov. 30 granted a motion by the USTP’s Miami office to extend the deadline for creditors to file claims in the chapter 11 bankruptcies

Hawaiian Lawmakers Want Overhaul in Fire Prevention, Emergency Response After Lahaina Fire

Hawaii lawmakers say the state must change how it oversees vacant lands, staffs its fire departments and deals with property owners who fail to adequately prevent wildfires, months after a deadly

Former First Republic Workers Sue FDIC over Withheld Retirement Pay

Nearly 170 former employees of California's failed First Republic Bank have sued the U.S. Federal Deposit Insurance Corporation (FDIC), alleging that the regulator is improperly blocking their access

Amazon in Talks to Invest in Diamond Sports

Amazon is in talks to invest in the biggest regional-sports programmer, a move that would advance the e-commerce giant’s aggressive push into sports content as it takes on streaming rivals like Disney