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The agency plans to shift its focus as it begins to lay off staff
The US Consumer Financial Protection Bureau (CFPB) has started issuing layoff notices to some employees, according to a report by NPR. Last week, a judge had issued a partial stay on the Bureau’s decision to fire any employee until it decides whether to issue a reduction in force (RIF). The agency was founded in the…
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Stronger links between science and finance are needed
Silicon Valley Bank’s failure was influenced by frenetic social media activity, according to a study published in the Social Science Research Network. The bank’s collapse was also influenced by stricter rules implemented in the aftermath of the 2008 financial crisis, the study said. The data used to create an index reflected the risks of the…