Consumer Financial Protection Bureau Director Richard Cordray says financial firms use arbitration to "sidestep the legal system [and] avoid accountability." But industry officials say a proposed ban on mandatory arbitration clauses will lead to frivolous legal action.
A pedestrian walks past the building housing the offices of Mossack Fonseca in Panama City, Panama, on Tuesday. The massive trove of emails, contracts and other papers from the law firm is being called the largest document leak in history.
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President Obama signs the Dodd-Frank financial overhaul bill in Washington on July 21, 2010. Five years later, debate over the effectiveness of the legislation continues.
Pensioners queue outside a national bank branch in Athens on Thursday. Greek banks are running out of cash and the situation poses further danger to the economy, analysts say.
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To protect against fraud, U.S. banks will be issuing credit cards with small computer chips. But some experts say using a PIN to complete a transaction is more secure than a signature.
La Roca restaurant in Nogales, Mexico, draws a mix of American tourists and locals. It used to have an American bank account and credit card until the bank closed the account.