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(Reuters) -The U.S. Consumer Financial Protections Bureau has reached a settlement with pawn shop chain owner FirstCash Inc and its subsidiaries for alleged violations of the Military Lending Act, the consumer watchdog agency said Friday. Under the settlement agreement, which requires court approval, FirstCash would “set aside $5 million to ensure full redress to harmed …

US CFPB reaches settlement with FirstCash for alleged Military Lending Act violations Read More »

By Alexandra Valencia and Fabian Cambero QUITO/SANTIAGO (Reuters) -The Ecuador attorney general’s office and Chilean state miner Codelco both claimed victory on Friday after an international arbitration court ordered Ecuador to pay some $25 million of a $568 million claim regarding a major copper project. Codelco and Ecuadorean state miner Enami EP had in 2016 …

Ecuador, Codelco claim victory over Llurimagua mining arbitration Read More »

By Arathy Somasekhar HOUSTON (Reuters) -The start-up of an offshore well caused zinc contamination in Mars crude, Chevron said on Friday, leading to the tightening crude oil supply in the key Gulf Coast refining hub and the government releasing barrels from its emergency stockpile. Inventories of crude oil along the U.S. Gulf Coast had fallen …

Chevron says offshore well start-up caused Mars crude quality issues Read More »

(Reuters) -JPMorgan Chase is planning to impose fees on fintech companies for access to its customer bank account data, Bloomberg News reported on Friday, citing people familiar with the matter. The largest U.S. lender has sent pricing sheets to data aggregators – intermediaries that link banks with fintech platforms – outlining new charges that may …

JPMorgan plans to charge fintechs for customer data, Bloomberg News reports Read More »

(Reuters) -U.S. President Donald Trump’s fresh tariff announcements make it “messy” to interpret the state of the economy, Chicago Federal Reserve Bank President Austan Goolsbee said, adding that he is hearing a lot of anxiety from business contacts about coming inflation that is not yet obvious in the data. “I’ve got to wait until that …

Fed’s Goolsbee: Need to wait until anxiety recedes to feel comfortable about outlook Read More »

By Karl Plume CHICAGO (Reuters) -U.S. biofuel makers will consume more than half of all soybean oil produced in the United States next year as a recent flurry of federal policy moves has transformed the sector, including higher blending mandates and curbs on foreign biofuel imports and feedstocks, the U.S. Department of Agriculture said on …

Biofuel demand to soak up more than half of US soyoil production next year, USDA says Read More »