CFPB Targets Predatory Lending, Malawi’s Corruption Crackdown, and PSD3’s Impact

Explore the CFPB's lawsuit against a Berkshire Hathaway-owned lender for alleged predatory practices, Malawi's arrest of a former finance minister in a major graft scandal, and the global compliance challenges posed by Europe's PSD3 directive. Plus, discover how financial empowerment workshops are transforming local economies. This episode delves into the intersection of corporate ethics, regulatory changes, and financial education, offering insights into the evolving landscape of global finance.

Sources:
https://www.npr.org/2025/01/06/g-s1-41236/cfpb-lawsuit-vanderbilt-berkshire-hathaway
https://www.barrons.com/news/malawi-arrests-ex-finance-minister-4-others-for-graft-8a74c5d5
https://www.pymnts.com/bank-regulation/2025/psd3s-global-reach-brings-us-financial-firms-new-compliance-challenges/
https://www.wabi.tv/2025/01/06/financial-empowerment-trainings-workshops/

Outline:
(00:00:00) Introduction
(00:00:42) CFPB sues Berkshire Hathaway-owned mortgage lender for alleged predatory practices
(00:04:24) Malawi Arrests Ex-Finance Minister, 4 Others For Graft
(00:07:06) PSD3’s Global Reach Brings US Financial Firms New Compliance Challenges
(00:10:38) Financial empowerment trainings and workshops