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The term "money laundering" was never more appropriate than this week, when Dutch police found around 0,000 stuffed inside the drum of a washing machine.A man present in the house during Monday's raid was arrested on suspicion of -- yes, you've guessed it -- money laundering.Authorities were checking for unregistered residents in western Amsterdam when they found the load."The municipal administration revealed that no one lived at the address," the police told CNN in a statement. "When the police did a search through the house they found €350,000 hidden in the washing machine."The police also confiscated several mobile phones, a firearm and a money-counting machine during the raid. The suspect, who is 24 years old, has not been named.The police news release included a picture of bundles of €20 and €50 bills crammed into the washing machine.They said in a statement that the raid was part of an investigation into "housing fraud, money laundering and other [signs] of crime." 997

The Trump administration plans to eliminate routine audits of lenders for violations of the Military Lending Act, according to internal agency documents, The New York Times reported on Friday.Mick Mulvaney, the interim director of the Consumer Financial Protection Bureau, plans to terminate the supervisory examinations of lenders, arguing proactive oversight is not laid out in the legislation, according to the report.The proposal to weaken oversight under the Military Lending Act, which was created to protect military service members and their families from financial fraud, predatory loans and credit card gouging, came as a surprise to advocates of military families, the report stated. Those advocates have pressed the government to put a stop to unethical lenders.The agency has been critical in fighting lender misconduct, rolling out mortgage and payday-lender rules and cracking down on bad behavior by penalizing Citigroup, Wells Fargo and many other lenders.In lieu of conducting examinations, the agency will rely on complaints from its websites, hotlines, the military and people who believe they are victims of fraud, the Times reported.President Donald Trump has tapped Kathleen Kraninger to succeed Mulvaney as chief of the consumer watchdog agency. Kraninger, who works under Mulvaney, is expected to face a tough Senate confirmation battle.Under Mulvaney, the bureau has undergone major changes opposed by both Democrats and consumer advocates. In June, Mulvaney effectively terminated a board of advocates who advised the agency about fair lending and underserved communities. The advisers were told on a conference call that the board would not meet until new members were appointed. The CFPB, however, insisted nobody had been fired.The government watchdog agency, which is charged with consumer protection in the financial sector, was created after the financial crisis with the passage of the 2010 Dodd-Frank Act. 1948

The travel industry is trying new tactics to recover from financial stress. Experts say new deals are emerging that allow people to go on a trip of their dreams through 2022."We quickly realized that the number one factor that helped incentivize travel planning, travel booking, even for 12 to 18 months down the road was this high sense of flexibility, and so, we came up with this concept of putting out and working with hundreds of thousands of travel partners to really come up with these very attractive, aggressively-priced offers, explained Gabe Saglie, senior editor of Travelzoo, a company that facilities travel deals around the world. ¡°But they are fully refundable, and they had these very long travel windows.¡±Saglie says when COVID-19 hit, the industry came to a screeching halt. But through surveys of its 15 million members, Travelzoo soon found people were still willing to book, but mostly for future trips and not just any trip."People are looking not just to travel, but travel in a memorable way, a special way. So, we¡¯ve been putting out these offers that in some cases are destinations that pre-COVID may not have been on people¡¯s radar. Sort of far-flung bucket-list destinations," said Saglie.Aran Campas, the co-founder of the social media travel site Travevel, says the pent-up demand for travel is showing in different ways."We're seeing two extremes. When we look in groups, forums, different areas, we have the people that are like, 'I¡¯m going now. I¡¯m tired of being trapped. I¡¯m not worried about it, I¡¯m going now. I¡¯m going to wear my mask,¡¯ and then, we have the people who are like, 'Oh, I just booked for 2022 or 2023,'" explained Campas.Campas says pre-pandemic, people generally booked a year or less in advance. Now, they're seeing people either book a trip in the next 30 days or two years from now."What I think it is, I don't think it's so much the flexibility, I think it's let's get someone to book," said Campas.Travelzoo says the help in cashflow is certainly good for the longevity of the industry."There is this infusion of traveler cash now that is helping a lot of these companies. A lot of our travel partners that are looking to employ as many employees on the books as possible, bring back as many employees as quickly as possible. That¡¯s certainly an infusion that¡¯s important, as it helps the industry navigate through these next couple of months until we¡¯re on the other side of this," said Saglie.So, how long will these flexible travel deals be around? Experts aren't too sure.As soon as life gets back to normal and regular travel resumes, the deals could be gone. But if you're wanting to book these deals and possibly change the dates later, Travevel says pay attention to the fine print as some may increase the prices if you adjust your date of travel. 2824

The Republican National Committee has withdrawn from a joint fundraising agreement with Roy Moore, according to a Federal Election Commission filing posted Tuesday, as the GOP establishment continues to break ties with the Alabama Senate candidate.The National Republican Senatorial Committee was the first to drop itself from the agreement, which benefits Moore's campaign, ending its participation last Friday, according to FEC filings. 466

The stock market continued a September slide Monday, with the Dow Jones Industrial Average falling about 800 points at one point. The S&P 500 sank 1.2%, though a last-hour recovery helped it more than halve its loss from earlier in the day.The Dow Jones Industrial Average fell 509.72, or 1.8%, to 27,147.70 after coming back from an earlier 942 point slide. The Nasdaq composite slipped 14.48, or 0.1%, to 10,778.80 after recovering from a 2.5% drop.Monday¡¯s downward movement was seen across many sectors, and market watchers point to multiple reasons.Multiple media outlets are reporting about documents indicating major banks around the world potentially ignored red flags and allowed millions to be transferred by questionable companies or individuals. Stock prices for banks, including JP Morgan Chase, fell on Monday. Many are worried about a spike in coronavirus cases and potential new ¡°waves¡± of the virus; the United Kingdom announced they are seeing a sharp increase in cases.The recent death of Supreme Court Justice Ruth Bader Ginsburg and subsequent announcement a replacement could come soon means congress will be focused on hearings and the nomination process, and potentially not focused on any federal coronavirus relief aid, according to Marketplace.org.Without federal relief, economic experts have warned of a longer recovery. The Federal Reserve last week said the future of the U.S. economy remained uncertain.Over the weekend, China announced a new regulatory body that could blacklist foreign companies that put China¡¯s national security at risk. NPR says this group could target U.S. tech companies operating in China, like Apple, Cisco, and others.Monday¡¯s slide comes after a few weeks of stock market losses. September is historically the worst month for stocks, according to the Associated Press.¡°The market has been poised to just pull back, take a breather,¡± said Quincy Krosby, chief market strategist at Prudential Financial. ¡°Raising capital is prudent during a month that is known statistically, historically for being difficult for the market.¡± 2095

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