New Rule Allows Financial Firms Lawsuits
The Consumer Financial Protection Bureau is a watchdog group that adopted a rule on July 10 that has the potential of costing banks and other financial firms billions of dollars. This new rule, would allow consumers to band together in class-action lawsuits. Both the Trump administration and House Republicans have lobbied to rein in … [Read more...] about New Rule Allows Financial Firms Lawsuits
Morgan Stanley To Pay $50M Settlement
Morgan Stanley Agreed To Settle Charges. Morgan Stanley (MWD) agreed Monday to pay $50 million to settle charges of abusive mutual fund sales practices, and regulators warned that other financial firms could face a similar fate. The Securities and Exchange Commission and the National Association of Securities Dealers said Morgan … [Read more...] about Morgan Stanley To Pay $50M Settlement
