Regulation

Congress could overturn rule that treats payment apps like Venmo as banks

Citigroup mistakenly credited $81 trillion to a customer’s account instead of $280 in April 2024. Two employees initially missed the error before a third detected it about 90 minutes after processing. The transaction, which did not result in any funds leaving the bank, was reversed hours later, according to the Financial Times.

Citigroup’s $81 trillion transaction error raises compliance concerns

The SEC plans to drop a lawsuit against cryptocurrency exchange Coinbase in a major regulatory turnaround.

Coinbase says SEC is dropping its lawsuit, ‘righting a major wrong’ for crypto

CEOs are confidently optimistic about economic conditions since President Donald Trump returned to the White House.

CEO confidence soars to highest level in 3 years in Trump’s first weeks

A Georgia woman is suing a fertility clinic after she gave birth to another couple's baby.

Woman sues Georgia fertility clinic after giving birth to another couple’s baby

U.K. Prime Minister Keir Starmer is accelerating small modular nuclear reactor construction by easing restrictions and speeding up approvals.

‘Build, baby, build’: UK pushes nuclear expansion with faster approval process

President Donald Trump and progressive Sen. Elizabeth Warren have a meeting of the minds when it comes to debanking.

Warren and Trump are unlikely allies on debanking, but will he like her solution?

China is reportedly preparing a probe into Apple's app store practices as the latest round of tariffs went into effect this week.

Apple entangled in the US-China trade war as China strikes back

The Trump administration announced it had fired Rohit Chopra, the chief of the Consumer Financial Protection Bureau.

Trump fires Consumer Financial Protection Bureau chief Rohit Chopra

New reporting on data from Maui County finds, although over 2,000 residential properties suffered damage, only three homes have been rebuilt.

Nearly 18 months after Maui wildfires, only 3 homes have been rebuilt: Report

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