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United Kingdom

Pete Schroeder

Equifax's $700 million data breach settlement spurs criticism, calls for new rules

2:42am BST

WASHINGTON Credit-reporting company Equifax Inc will pay up to $700 million to settle claims it broke the law during a massive 2017 data breach and to repay harmed consumers, in a landmark settlement that was nonetheless criticized by consumer advocates and some lawmakers who called for stricter regulation. | Video

Equifax to pay up to $650 million in data breach settlement

22 Jul 2019

WASHINGTON, July 22 Credit-reporting company Equifax Inc will pay up to a record $650 million to settle U.S. federal and state probes into a massive 2017 data breach of personal information, authorities said on Monday.

Fannie Mae, Freddie Mac shares down on 5-year timeline overhaul

18 Jul 2019

Shares of mortgage guarantors Fannie Mae and Freddie Mac fell on Thursday after the head of the regulator that oversees them said it was his "hope" that they would have exited or be ready to exit conservatorship before his term ends in 2024.

U.S. lawmakers challenge Facebook over Libra cryptocurrency plan

18 Jul 2019

WASHINGTON/NEW YORK U.S. lawmakers bashed Facebook on Wednesday over its planned cryptocurrency, saying the company had not shown it could be trusted to safeguard the world financial system and consumers' data. | Video

U.S. reform plan for Fannie, Freddie seen by Sept.: housing regulator

18 Jul 2019

NEW YORK/WASHINGTON The Trump administration's hotly anticipated blueprint for overhauling mortgage guarantors Fannie Mae and Freddie Mac may not be published until September as the U.S. Treasury juggles several other pressing issues, the housing regulator told Reuters.

U.S. government report on housing finance reform is 'essentially done' -regulator

17 Jul 2019

WASHINGTON, July 17 The Trump administration's report on overhauling the country's housing market is "essentially done" and could be released in late August or September, the head of the U.S. housing finance regulator told Reuters in an interview Wednesday.

Facebook to face more scrutiny from Congress on Libra

17 Jul 2019

WASHINGTON, July 17 Facebook Inc will face more questioning on Wednesday by U.S. lawmakers over its planned cryptocurrency after a bruising first bout when senators from both parties condemned the project, saying the company had not shown it could be trusted.

Facebook should not be trusted with 'crazy' cryptocurrency plan - U.S. senators

17 Jul 2019

WASHINGTON Democratic and Republican lawmakers said on Tuesday that Facebook Inc's track record of what they described as untrustworthiness should stand in the way of it launching a digital currency, labelling the plan "delusional" and "crazy" at a Senate hearing. | Video

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