Financial Protection News - Latest Updates & Headlines
Financial Intelligence Unit to be formed to prevent fraud from high-interest schemes, says Maha CM
Mumbai, March 18: Maharashtra Chief Minister Devendra Fadnavis said on Tuesday that the state government will establish a Financial Intelligence Unit to prevent depositors in cooperative societies and banks from falling prey to fraudulent schemes promising double the legally permitted interest rates.
How Emergencies Without Medical Insurance Can Lead to Unexpected Costs
New Delhi, Mar 7: An emergency room visit without insurance can cost more than a year's total expenses. We focus only on the visible costs, but beneath the surface, countless hidden expenditures can accumulate rapidly, transforming an already difficult situation into a significant financial strain.
'Those harassed will receive greater protection': Siddaramaiah on microfinance menace
Bengaluru, Feb 12: Following Governor Thaawarchand Gehlot's approving the Ordinance promulgated to contain microfinancing institutions (MFIs), Karnataka Chief Minister Siddaramaiah stated on Wednesday that the law comes into effect with immediate effect.
Governor Thawar Chand Gehlot clears Karnataka microfinance ordinance
Bengaluru, February 12: Karnataka Governor Thawar Chand Gehlot signed the ordinance regarding the microfinance rules that the Karnataka government recently decided on at a Cabinet meeting, the chief minister's office said Wednesday.
Why is Zero Depreciation Insurance Essential for New Bikes?
New Delhi, Feb 7: When you buy a new bike, it starts depreciating as soon as it leaves the showroom. Simply put, depreciation is a decline in a vehicle's value caused by wear and tear over time.
United States: Biden-appointed CFPB Director Rohit Chopra fired, cutting short five-year term
Washington DC, February 1: United States' Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra was fired on Saturday, cutting short his five-year term that was set to run through late 2026, The New York Times reported.
Trump fires Biden-appointee Rohit Chopra who headed consumer protection
New York, Feb 2: US President Donald Trump has fired Rohit Chopra, who was appointed the head of the Consumer Financial Protection Bureau (CFPB) by former President Joe Biden.