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Consumer watchdog signals broad crackdown on hidden fees for banks, credit cards

Rohit Chopra, director of the Consumer Financial Protection Bureau.Alex Edelman/Bloomberg via Getty ImagesThe Consumer Financial Protection Bureau on Wednesday signaled a broad crackdown on hidden and excessive fees charged by banks, mortgage lenders and other financial entities.The federal agency, created in the wake of the 2008 financial crisis, is

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Walmart-backed start-up is acquiring two fintech companies, Even and ONE

Black Friday shoppers walk out of Walmart with a full shopping cart on November 26, 2021 in Westminster, Colorado.Michael Ciaglo | Getty ImagesA financial technology start-up that Walmart created and backed said Wednesday it is acquiring two more companies as it aims to build an all-in-one app where consumers

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‘You have no home here’ — Cramer blasts speculative SPACs for taking down the stock market

CNBC's Jim Cramer on Wednesday condemned the 2021 rush of speculative SPACs for playing a part in the stock market's recent weakness.On "Squawk Box," Cramer issued a challenge to any SPAC enthusiast who might want to face off with him."There's no more 'Jimmy Chill' when it comes to SPACs,"

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Santander launches a buy now, pay later service to take on fintech rivals

A Santander office building in London.Luke MacGregor | Bloomberg via Getty ImagesSpanish bank Santander is launching its own "buy now, pay later" service in Europe, in a bid to fend off fintech rivals trying to eat its lunch.The lender said Wednesday it will roll out Zinia, an app that

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Stocks making the biggest moves premarket: Boeing, AT&T, Mattel and others

Check out the companies making headlines before the bell:Boeing (BA) – Boeing reported a loss of $7.69 per share for the fourth quarter, as it took $4.4 billion in charges relating to a variety of issues, including delivery delays for the 787 widebody jet. Analysts had expected a loss

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Coinbase rival FTX U.S. valued at $8 billion as investors brace for ‘crypto winter’

Sam Bankman-Fried, co-founder and chief executive officer of FTX, in Hong Kong, China, on Tuesday, May 11, 2021.Lam Yik | Bloomberg | Getty ImagesFTX U.S., the American affiliate of cryptocurrency exchange FTX, said Wednesday it has raised $400 million in its first external fundraising round.The investment gives FTX U.S.

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Budget 2022: Insurers urge higher 80C investment limit; reduction in GST on health products

Insurance companies are seeking a separate deduction limit of Rs 1 lakh for insurance premium payment under Section 80 C of the Income Tax Act in the upcoming Union Budget to bring in more people under the ambit of insurance. The insurers also want reduction in the goods and services

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