Forbes
By Adam Smith and Todd Zywicki
A recent report conducted through internal investigation at the Consumer Financial Protection Bureau (CFPB) found multiple instances of employee discrimination and harassment. Investigator Misty Raucci claimed, “I found that the general environment in Consumer Response is one of exclusion, retaliation, discrimination, nepotism, demoralization, devaluation, and other offensive working conditions which constitute a toxic workplace for many of its employees.”
To those of our readers who have anything to do with buying or selling stock or the regulation of broadcasters please take note.
Sirius Radio has discontinued a very popular channel dealing with the music of the forties. Of course that is their prerogative and obviously in their mind seniors do not have the buying clout of others.
But to add insult to injury to claim that the replacement show, the music of Billy Joel, is going off line in three months and the forties music is returning is somewhat demeaning since that will not occur unless there is a protest by seniors.
From: Bloomberg Personal Finance
By Carter Dougherty
U.S. banks are seeking to shield from scrutiny the $30 billion they collect annually in checking-account fees, saying a proposed requirement for periodic reports is unacceptable even if it exempts small institutions.
The dispute is the latest installment in a multi-year fight between the industry and the Consumer Financial Protection Bureau over how to monitor the way banks assess charges on their depositors, particularly when people overdraw checking accounts.
From: Reuters
Foreign exchange benchmarks will be reviewed by the world’s top financial regulator, the latest front to be opened in a global probe into allegations of price manipulation in the world’s largest financial market.
The Financial Stability Board (FSB), which coordinates regulation for the Group of 20 (G20) leading economies and is chaired by Bank of England governor Mark Carney, said on Friday it would open its own investigation.
It is the latest step in an investigation into allegations that a handful of senior traders exchanged market-sensitive information and colluded to manipulate benchmark currency rates.
Editor’s Note: The following is a brief excerpt from a peer reviewed publication. The complete article is attached here.
From: THE TALLINN PAPERS/NATO CCD COE
by Liis Vihul, Researcher, NATO Cooperative Cyber Defence Centre of Excellence