The US watchdog for consumer finance — Consumer Financial Protection Bureau (CFPB) — has announced that it was ordering federal supervision of Google Payment Corp, the internet giant’s payment arm, a decision that the company immediately said it was challenging in the court. CFBP said that it’s claiming supervisory authority over Google Payment Corp., as…
Elon Musk and Vivek Ramaswamy, who President-Elect Donald Trump has named as co-leaders of the proposed Department of Government Efficiency (DOGE), are meeting with lawmakers on Capitol Hill. The pair have said they plan to cut $2 trillion in government spending, eliminate entire departments like the Consumer Financial Protection Bureau (CFPB), and address other inefficiencies….
Bank stocks popped after former President Donald Trump secured a second term in the White House. The financial select sector SPDR fund (XLF) rose more than 6% in intraday trading on Wednesday, with names like JPMorgan Chase (JPM), Bank of America (BAC), Wells Fargo (WFC), and Goldman Sachs (GS) gaining. KBW managing director David Konrad…