The action aligns with President Trump’s executive order from March that reduces costs. The Social Security Administration phased out paper checks at the end of the 2025 fiscal…
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Appeals Court Blocks Firing of Fed Governor Lisa Cook
Issues an emergency ruling stating the government must follow due process. The D.C. Court of Appeals issued an emergency ruling on Monday that determined President Donald Trump cannot…
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SBA Orders Lenders to End Debanking Practices
The administration sent letters to ensure institutions cease politicized denials of service. The Small Business Administration (SBA) sent letters to over 5,000 lenders last week directing them to…
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President Trump Fires Federal Reserve Governor Cook over Alleged Mortgage Fraud
The fed official vows to fight the action, claiming the president does not have the authority to remove her. President Donald Trump announced that he had relieved Federal…
Read MoreFTC Reports American Seniors Face Increase in High-Dollar Scams
Reports of impersonation scams targeting people over 60 have quadrupled since 2020, with losses topping $445 million in 2024. The Federal Trade Commission (FTC) reported a significant rise…
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FTC Reports $470 Million Lost to Text Message Scams in 2024
Despite fewer reports, scam-related texts increased, with package, job, and bank fraud texts topping the list. The Federal Trade Commission (FTC) reported that consumers lost $470 million to…
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SEC to Host Crypto Custody Roundtable on Regulatory Integration
The event will explore legal and operational challenges in safeguarding digital assets. The U.S. Securities and Exchange Commission (SEC) will hold a public roundtable titled “Know Your Custodian:…
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Treasury Hosts IMPACT Exchange to Address Iran’s Illicit Financial Networks
U.S. Treasury collaborates with major banks and law enforcement to block Iranian sanctions evasion. U.S. Treasury Secretary Scott Bessent convened leaders from 16 major global financial institutions along…
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FTC Announces Settlement with Cash Advance Company
The lender falsely promised instant cash advances while charging higher than disclosed fees. The Federal Trade Commission (FTC) announced that an online cash advance company, Cleo AI, has…
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Postal Worker Found Guilty of Stealing Mailed Checks
He stole over a million dollars in U.S. Treasury and private checks. The U.S. Attorney’s Office for the District of Columbia reported that a former U.S. Postal worker…
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