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☆ Civil rights complaints allege UPenn and Wellesley allowed antisemitism to ‘run rampant’
▼ + stars: | 2023-11-10 | by ( Matt Egan | ) edition.cnn.com time to read: +6 min

New York CNN —A Jewish legal rights advocacy group has alleged that the University of Pennsylvania and Wellesley College have violated federal civil rights law by allowing for discrimination against Jews. The Brandeis Center, a Jewish civil rights legal organization, filed civil rights complaints with the US Department of Education on Thursday, alleging both schools failed to adequately respond to harassment of Jews. “These colleges and universities have failed to keep Jewish students safe and are in clear violation of well-established federal civil rights law,” Kenneth Marcus, founder and chairman of the Brandeis Center, said in a statement. The complaints argue both schools have violated Title VI of the Civil Rights Act of 1964, which protects people from discrimination in programs or activities that receive federal financial assistance. The 27-page complaint alleges “Penn’s nurturing of a hostile environment toward Jewish students is a patent violation of” Title VI.

Persons: ” Kenneth Marcus, “ There’s, ” Marcus, ”, UPenn, Wellesley, “ Penn, Brandeis, Liz Magill, Magill, ” Magill, Paula Johnson, ” Johnson, “, RAs, Wellesley’s, CNN’s Rene Marsh, Miguel Cardona, wouldn’t, Cardona, ” Cardona, Henry Swieca, Swieca Organizations: New, New York CNN, University of Pennsylvania, Wellesley, Brandeis Center, US Department of Education, Civil, College, FBI, Ivy League school’s, of Pennsylvania, Penn, CNN, of Education, Ivy League, Columbia Business School, Wall Street, Board, School, ” Locations: New York, Israel, UPenn, Palestine, Wellesley, Gaza, Columbia

☆ What is the Student Aid Report?
▼ + stars: | 2023-10-24 | by ( Aly J. Yale | Richard Richtmyer | ) www.businessinsider.com time to read: +14 min

The Student Aid Report summarizes the information on your Free Application for Federal Student Aid (FAFSA). See Insider's picks for the best private student loans >>What is the Student Aid Report (SAR)? The Student Aid Report is a document that, through the 2023-2024 school year, was used to summarize the data submitted on a Free Application for Federal Student Aid (FAFSA). Federal student aid eligibilityYour summary will also include your Student Aid Index — formerly called the Expected Family Contribution. Schools and aid offersThe schools you apply to don't actually receive your FAFSA Submission Summary (formerly Student Aid Report).

Persons: —, Shannon Vasconcelos, Robert Kersey, you'll, Kersey, Vasconcelos, Perkins, Pell Grant, Elaine Rubin, You'll Organizations: Federal Student Aid, Service, Bright Horizons, Grants, What's, College of Charleston, Education, Department, Department of Federal Student Aid, Internal Revenue Service, SAR Locations: FAFSA.gov

☆ New rules prevent colleges from leaving student-loan borrowers with 'shoddy educations' and lots of debt, Biden's Education Department says
▼ + stars: | 2023-10-24 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

The Education Department released new rules to protect student-loan borrowers from unaffordable debt. They also require colleges to be upfront with a student on the amount of debt they'll take on for a program. AdvertisementAdvertisementPresident Joe Biden's Education Department finalized rules to hold colleges accountable for loading student-loan borrowers up with unaffordable debt. On Tuesday, the Education Department released its final regulations to strengthen oversight over colleges and enhance protections for student-loan borrowers. "They will help prevent fly-by-night colleges from leaving students and taxpayers holding the bag for shoddy educations," he continued.

Persons: —, Joe Biden's, Education James Kvaal, they're, Kelly McManus, Barack Obama's, Donald Trump, Miguel Cardona Organizations: Education Department, Service, Joe Biden's Education, Education, Arnold Ventures

☆ German regulator to send special monitor to Deutsche Bank, Handelsblatt reports
▼ + stars: | 2023-10-01 | by ( ) www.reuters.com time to read: +1 min

The logo of Germany's Federal Financial Supervisory Authority BaFin (Bundesanstalt fuer Finanzdienstleistungsaufsicht) is pictured outside of an office building of the BaFin in Bonn, Germany, April 15, 2019. REUTERS/Wolfgang Rattay/File Photo Acquire Licensing RightsBERLIN, Oct 1 (Reuters) - German financial regulator BaFin will send a special monitor to Deutsche Bank (DBKGn.DE) following problems at its Postbank unit, German daily Handelsblatt reported on Sunday citing sources close to the matter. Both BaFin and Deutsche Bank declined to comment. The issues at Postbank included disruptions in online offerings, difficulty in reaching customer service and long processing times, BaFin has said. BaFin said two weeks ago it would "take relevant supervisory measures if appropriate".

Persons: Wolfgang Rattay, BaFin, Maria Martinez, Hugh Lawson Organizations: Federal Financial, Authority, REUTERS, Rights, Deutsche Bank, Thomson Locations: Bonn, Germany

☆ Former Top Deputy Says Ken Paxton Took Unusual Actions to Help Donor
▼ + stars: | 2023-09-06 | by ( J. David Goodman | More About J. David Goodman | ) www.nytimes.com time to read: +1 min

A similar split appeared to be present among the senators, based on their votes on the pretrial motions to dismiss on Tuesday. The rest were mixed, but a two-thirds majority supported the trial, suggesting a desire to hear the evidence. Mr. Paul, who was indicted on federal financial fraud charges in June, has denied any wrongdoing. Mr. Paxton, who has been under state indictment for securities fraud since 2015, pleaded not guilty to all the articles of impeachment on Tuesday. Mr. Mateer and others confronted Mr. Paxton about what seemed to be his unusual concern for legal matters involving Mr. Paul.

Persons: Paxton, Paul, Mr, Mateer, “, Nate Paul, ” Organizations: . Six Republicans, Court, Capital, Mitte Foundation Locations: Travis County, Central Texas

☆ Factbox: India's measures targeting Chinese products and investment
▼ + stars: | 2023-08-05 | by ( ) www.reuters.com time to read: +2 min

Relations between the countries have deteriorated since mid-2020, when Chinese and Indian troops clashed on their disputed Himalayan frontier and 24 people were killed. Several Indian government officials, who asked not to be named, said the licensing measure aimed to address a trade imbalance with China. Here are some other Chinese trade and investment ventures affected by Indian measures since 2020:INVESTMENT PLAN BY BYDChina's BYD (002594.SZ) told its India joint-venture partner last month it would shelve plans for a new $1-billion investment to build electric cars after its investment proposal faced scrutiny from New Delhi. It has led to billions of dollars in proposed investment getting stuck in the approval process over the last 3 years. Reporting by Aftab Ahmed Editing by William Mallard and Helen PopperOur Standards: The Thomson Reuters Trust Principles.

Persons: Nick Carey, Xiaomi, China's Tencent, Aftab Ahmed, William Mallard, Helen Popper Our Organizations: REUTERS, Wall, Krafton Inc, South, HK, Thomson Locations: Farnborough, Britain, India, China, New Delhi, HK, South Korean

☆ USWNT: How the US became women’s soccer’s dominant force
▼ + stars: | 2023-07-21 | by ( Aimee Lewis | ) edition.cnn.com time to read: +20 min

Anson Dorrance knew he was a pioneer during his eight years as head coach of the US Women’s National Team (USWNT). Any understanding of how and why the USWNT is women’s soccer’s dominant force, a four-time Women’s World Cup winner and favorite to win the next edition currently taking place in Australia and New Zealand, must start with Dorrance, the groundbreaker and the bricklayer. Five years later, the first Women’s World Cup was held in China – not that it was initially labelled a World Cup as world governing body FIFA worried it might not be a success. A third-placed finish followed at the 1995 Women’s World Cup, and then came the Atlanta Olympics a year later. The success of 1999 would lead to the world’s first professional women’s soccer league, the Women’s United Soccer Association (WUSA).

Persons: CNN —, ”, Anson Dorrance, “ You’re, Dorrance, –, “, Michelle Akers, ” Akers, Mike Ryan, ’, Akers, IX, I’m, ” Dorrance, “ There’s, Lori Lindsey, Lauren Cheney, Darryl Dyck, George Bush, Barry Thumma, didn’t, ” Caitlin Murray, Murray, David Cannon, Billie Jean King, “ We’ve, Lindsay, USWNT, Harry, Brandi Chastain’s, “ We’re, ” Brandi Chastain, Robert Beck, Chastain, Mia Hamm, Kristine Lilly, Julie Foudy et, Megan Rapinoe, they’re, it’s, ” Rapinoe, Richard Heathcote, Lindsey, Becky Sauerbrunn, Rapinoe, Alyssa Thompson, Naomi Girma, Taylor Swift Organizations: CNN, US, National, CNN Sport, Dorrance, men’s, University of North, Coaches, FIFA, America, Soccer, Federal, Olympic, Canada, American, High School, National Collegiate Athletic Association, Guatemala, CONCACAF, Canadian Press, Central, USA, “ National, Atlanta Olympics, Getty, US Soccer, revelled, China, Rose, Women’s United Soccer Association, National Women’s Soccer League, “ 99ers, Tokyo, England Locations: Australia, New Zealand, University of North Carolina, Italy, Seattle, Irish, United States, England, Brazil, Central Florida, China, Norway, New York, Hamm

☆ Anthropic CEO to testify at US Senate hearing on AI regulation
▼ + stars: | 2023-07-18 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

WASHINGTON, July 18 (Reuters) - Artificial intelligence startup Anthropic's CEO Dario Amodei will testify on July 25 at a U.S. Senate hearing on artificial intelligence as lawmakers consider potential regulations for the fast-growing technology, the Senate panel scheduling the hearing said on Tuesday. "It’s our obligation to address AI’s potential threats and risks before they become real," said Democratic Senator Richard Blumenthal, the subcommittee chair. "We are on the verge of a new era, with major consequences for workers, consumer privacy, and our society." President Joe Biden met with the CEOs of top artificial intelligence companies in May, including Amodei, and made clear they must ensure their products are safe before they are deployed. The report would help push federal financial regulators to adopt and adapt to AI changes disrupting the industry, Schumer's office said.

Persons: Dario Amodei, Amodei, Yoshua Bengio, Stuart Russell, Richard Blumenthal, Josh Hawley, Joe Biden, Chuck Schumer, David Shepardson, Leslie Adler, Chris Reese Organizations: U.S, Senate, Privacy, Technology, Google, Democratic, Republican, Thomson

☆ Analysis: U.S. crypto lobbyists court Democrats in fresh legislative push
▼ + stars: | 2023-07-10 | by ( Michelle Price | ) www.reuters.com time to read: +5 min

That effort escalated last month when the SEC sued crypto exchanges Coinbase and Binance for failing to register some crypto tokens. Most crypto companies dispute the SEC's jurisdiction. It would expand the Commodity Futures Trading Commission's (CFTC) oversight of the crypto industry, while clarifying the SEC's jurisdiction. With Democrats' support, the bill could have a shot in the Senate. McHenry and Thompson are discussing the proposal with crypto companies, regulators and Democrats, and hope the committees will vote on it before the August recess, senior Republican policy staff said.

Persons: Cody Carbone, Patrick McHenry, Glenn Thompson, Brett Quick, McHenry, Thompson, Maxine Waters, David Scott, Scott, Vicente Gonzalez, Sylvia Garcia, Carbone, Spokespeople, Waters, Gonzalez, Garcia, Sam Bankman, Fried, Kristin Smith, Coinbase, spender, Kara Calvert, It's, Michelle Price, Hannah Lang, Douglas Gillison, Richard Chang Organizations: U.S . Securities, Exchange Commission, SEC, Capitol, Blockchain Association, Chamber of Digital Commerce, Crypto, Innovation, Coinbase, Financial Services, Agriculture, Trading, Republican, Thomson Locations: Washington, United States

529 College Savings PlansI’m a parent of a toddler. What are the implications of following these two approaches: Gamble on financial aid, or be unethical? — A California readerThere are many misconceptions about how 529 college savings plans will affect a prospective student’s eligibility for financial aid, but your initial hunch was correct. If the 529 account is owned by a grandparent or another relative, it is not included in financial aid calculations. Some good news: Grandparent withdrawals will no longer be reported on the upcoming financial aid form, released in December for the 2024-25 academic year, financial aid and 529 experts said.

Persons: Gamble, it’s Organizations: Federal Student Aid Locations: California

☆ Social Class Is Not About Only Race
▼ + stars: | 2023-07-05 | by ( David Leonhardt | ) www.nytimes.com time to read: +1 min

The same is true at some other public universities, including Auburn, Georgia Tech and William & Mary. It is also true at a larger group of elite private colleges, including Bates, Brown, Georgetown, Oberlin, Tulane and Wake Forest. Nearly every college with an affluent enrollment has historically used race-based admissions policies. Those policies often succeeded at producing racial diversity without producing as much economic diversity. And whether they figure out how to do so is important (as I’ve previously covered).

Persons: Mary, Bates, Brown Organizations: University of Virginia, UVA, Grants, Georgia Tech, Oberlin, Tulane, Wake Locations: Auburn, Georgetown

June 29 (Reuters) - The U.S. Supreme Court on Thursday struck down race-conscious admissions programs at Harvard University and the University of North Carolina, effectively prohibiting affirmative action policies long used to raise the number of Black, Hispanic and other underrepresented minority students on campuses. "Harvard and UNC admissions programs cannot be reconciled with the guarantees of the Equal Protection Clause," Roberts wrote, referring to the constitutional provision. Affirmative action had withstood Supreme Court scrutiny for decades, most recently in a 2016 ruling involving a white student, backed by Blum, who sued the University of Texas after being rejected for admission. Jackson did not participate in the Harvard case because of her past affiliation with the university. The ruling did not explicitly say it was overruling landmark precedent upholding affirmative action.

Persons: Constitution's, Edward Blum, Roe, Wade, John Roberts, Roberts, Blum, Donald Trump, Trump, Thursday's, Joe Biden's, Ketanji Brown Jackson, Jackson, Sonia Sotomayor, Elena Kagan, Sotomayor, Peter Hans, Hans, Clarence Thomas, Bollinger, Andrew Chung, Will Dunham Organizations: U.S, Supreme, Harvard University, University of North, Harvard, UNC, Fair, Universities, University of Texas, Republican, America, Liberal, Jackson, Asian, Civil, University of North Carolina, Thomson Locations: University of North Carolina, U.S, States, Black, America, New York

June 29 (Reuters) - The U.S. Supreme Court on Thursday struck down race-conscious student admissions programs at Harvard University and the University of North Carolina in a sharp setback to affirmative action policies often used to increase the number of Black, Hispanic and other underrepresented minority groups on campuses. The decision, powered by the court's conservative justices with the liberal justices in dissent, was 6-3 against the University of North Carolina and 6-2 against Harvard. The dispute presented the Supreme Court's conservative majority an opportunity to overturn its prior rulings allowing race-conscious admissions policies. Affirmative action has withstood Supreme Court scrutiny for decades, most recently in a 2016 ruling involving a white student, backed by Blum, who sued the University of Texas after being rejected for admission. The Supreme Court has shifted rightward since 2016 and now includes three justices who dissented in the University of Texas case and three new appointees by former Republican President Donald Trump.

Persons: Edward Blum, Ketanji Brown Jackson, Roe, Wade, John Roberts, Constitution's, Roberts, Blum, Donald Trump, Andrew Chung, Will Dunham Organizations: U.S, Supreme, Harvard University, University of North, Fair, Harvard, Liberal, UNC, Asian, Civil, Republican, University of Texas, Thomson Locations: University of North Carolina, U.S, America, New York

☆ How to Pay Off Your Student Loans
▼ + stars: | 2023-06-28 | by ( Rebecca Safier | ) www.wsj.com time to read: +13 min

Here’s how to pay off student loans in a way that works for your budget and goals. Look into specialized loan forgiveness programsWhile the Supreme Court hasn’t shared its ruling on Biden’s widespread forgiveness initiative yet, there are other options for loan discharge, such as Public Service Loan Forgiveness and Teacher Loan Forgiveness. You can pay off federal student loans early, as there’s no student loan prepayment penalty. If you want to retain access to federal protections, it wouldn’t make sense to refinance your federal student loans. In the end, there’s no single right way to pay off student loans faster.

Persons: Rebecca Safier, Biden’s, ”, Robert Farrington, you’re, you’ve, Michael Lux, “, Farrington, Autopay, servicers, autopay, servicer Nelnet, hasn’t, Adam Minsky, You’ll, Mark Kantrowitz Organizations: Education Department, College Investor, millennials, Federal, Aid, Grad, Student Loan Sherpa, Student Aid, autopay, Peace Corps, Corinthian, Education Locations: “, SavingforCollege.com

☆ Opinion | The Legal Foundation of Women’s Sports Is Under Fire
▼ + stars: | 2023-06-25 | by ( David French | ) www.nytimes.com time to read: +2 min

What is the legal foundation for women’s sports? After all, the most potent federal statute supporting parallel men’s and women’s sports leagues would appear — on its face — to also prohibit separate leagues. Race segregation in athletic programs is a legal and cultural taboo. Excluding a football player from a team simply because of his race is unlawful discrimination. Instead, Title IX has resulted in the expansion of women’s sports into an enormous, separate and parallel apparatus, where women by the millions compete against one another, winning women’s titles in women’s leagues.

Persons: “, ”, IX Organizations: Civil, Black Locations: United States

☆ Charlie Javice, the founder of student loan assistance company Frank, appears in court over allegations she bought or invented email addresses to claim millions of users
▼ + stars: | 2023-06-06 | by ( ) www.businessinsider.com time to read: +4 min

Javice is accused of inflating the number Frank's users before she sold it to JPMorgan Chase. The charges represented a significant fall for one of the much-lauded young fintech founders. But within a year of selling Frank to JPMorgan Chase, the bank cried foul, claiming that the number of users had been wildly inflated. The complaint alleges that Javice bought names and email addresses from third parties and then represented them as Frank customers. Fergenson explained that Javice had made JPMorgan Chase, "believe that Frank had been an extremely successful start up."

Persons: Charlie Javice, Frank, Javice, JPMorgan Chase, Jarvis, Micah F, Fergenson, octogenarian, Alvin K, Morgan Chase, Judge Hellerstein, Alex Spiro Organizations: JPMorgan, Manhattan, Frank's, Forbes, U.S, Southern, of, Securities and Exchange Commission Locations: of New York

☆ CFPB warns about storing funds in payment apps like PayPal, Venmo
▼ + stars: | 2023-06-02 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

Some consumers are using services like PayPal, Venmo, Cash App and Apple Pay for direct deposit of paychecks, or simply storing lots of cash in them. Payment apps, however, are not federally insured on the institution level. PayPal Holdings (PYPL), which owns both PayPal and Venmo, did not reply to a request for comment Friday. “Tens of millions of American consumers and small businesses rely on payment apps to better spend, manage, and send their money. The agency also noted the payment apps make money by investing funds their customers store on the apps, similar to how banks invest their customers deposits.

Persons: Rohit Chopra, ” Organizations: New, New York CNN, PayPal, Financial, Bureau, Valley Bank, Signature Bank, Bank, PayPal Holdings, Financial Technology Association Locations: New York

☆ Sen. Elizabeth Warren presses regulators for answers on First Republic takeover
▼ + stars: | 2023-05-18 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

Sen. Elizabeth Warren, D-Mass., greets Martin Gruenberg, chairman of the Federal Deposit Insurance Corporation, during the Senate Banking, Housing, and Urban Affairs Committee hearing in Dirksen Building on Tuesday, March 28, 2023. WASHINGTON — Sen. Elizabeth Warren is asking federal financial regulators for answers over what she called a "deeply troubling" deal that saw JPMorgan Chase take over First Republic Bank. "Our financial strength, capabilities and business model allowed us to develop a bid to execute the transaction in a way to minimize costs to the Deposit Insurance Fund." Instead, the insurance fund was allowed to take a multibillion-dollar loss after billions of dollars worth of the bank's uninsured deposits were rescued during the deal, Warren said. "The FDIC appeared to prioritize First Republic's uninsured deposits at the bank before the Insurance Fund," she said.

☆ These are the highest-paying college majors, 4 years after graduation—many pay over $100,000
▼ + stars: | 2023-05-16 | by ( Morgan Smith | ) www.cnbc.com time to read: 1 min

Your college major can have a profound impact on your income. Within four years of graduation, some majors stand to earn as much as $256,539, while others make less than $10,000 per year, according to a new report from The HEA Group, a research and higher education consulting firm. The top-earning majors are in so-called STEM fields, or degrees in science, technology, engineering and mathematics. Half of the top 10 majors with graduates making the most money are subsets of engineering. Here are the 10 highest-paying college majors, four years after graduation:

☆ German regulator warns of a 'nervous time' for banks, predicts stress in the property market
▼ + stars: | 2023-05-09 | by ( Silvia Amaro | ) www.cnbc.com time to read: +1 min

Photo: Arne Dedert/dpa (Photo by Arne Dedert/picture alliance via Getty Images)Germany's financial regulator on Tuesday warned that the country's banking system is undergoing a real-life stress test amid the current volatility, also predicting significant weakness for the commercial property sector. Pressures facing the sector have intensified as many central banks push up their benchmark rates, leading to specific market dislocations. Mark Branson, president of the German regulator BaFin (Federal Financial Supervisory Authority), told CNBC that Germany has seen the same impacts from higher rates as many other nations around the world. He said that the German banking system "has taken some pain," but highlighted that there is "no systemic danger" and the financial system has managed to absorb the impacts of higher rates well. However, problems can arise when banks take on additional risk and fail to keep up with a continued and sharp increase in rates.

☆ BaFin president: 'We don't have a global banking crisis at the moment'
▼ + stars: | 2023-05-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBaFin president: 'We don't have a global banking crisis at the moment'Mark Branson, president of the German regulator BaFin (Federal Financial Supervisory Authority), told CNBC's Annette Weisbach that Germany has seen the same impacts from higher rates as many other nations around the world.

☆ Making these 5 moves can help you save big on the massive cost of college
▼ + stars: | 2023-05-04 | by ( Sharon Epperson | In Sharoneppersoncnbc | ) www.cnbc.com time to read: +7 min

As the mother of a college sophomore and high school senior, I know thinking about paying for college is daunting. Financial aid is determined by income information that is not necessarily up to date. If your circumstances are now different, that should be brought to the financial aid office's attention, he said. If you're concerned about making ends meet based on the financial aid award letter your child has already received, you can still ask for more aid. "So performing well throughout your high school career is not only important for admission but also for scholarship awards."

☆ What Happens If You Don’t Pay Your Student Loans?
▼ + stars: | 2023-04-25 | by ( ) www.wsj.com time to read: +9 min

Read on to understand the details of not paying your student loans:What happens if you don’t pay your student loans? “The key is to communicate with their servicer or lender.”What happens when you don’t pay your student loans varies by loan type: Defaulting on federal student loans can follow you for life, whereas private student loan collections efforts have a statute of limitations. Here’s a closer look at what happens when you don’t pay your federal student loans, followed by what happens when you don’t pay your private loans. What happens if you don’t pay your federal student loans? “The Fresh Start program is likely the best pandemic-era student loan program to actually fix structural problems hurting student loan borrowers,” says Farrington.

☆ Some airlines effectively charge parents to sit with their kids. Biden is shaming the industry into changing that.
▼ + stars: | 2023-04-22 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +7 min

Consumer groups and President Joe Biden are aghast that carriers have effectively charged families more to sit together. No airline explicitly imposes a "family seating fee," but consumer advocates have complained for years about how that's exactly what's happening. Airlines for America, an industry lobbying arm that counts the big four, America, Delta, Southwest, and United, among its members, previously pointed out that none of its members explicitly charge a family seating fee. This is a March 24, 2023 screenshot of the Department of Transportation's dashboard of airline family seating policies. Sen. Ed Markey of Massachusetts is working with a trio of other Senate Democrats, including Senate Majority Leader Chuck Schumer, on separate legislation on just family seating.

☆ India court rejects Xiaomi's challenge to $676 mln asset freeze - Live Law
▼ + stars: | 2023-04-21 | by ( ) www.reuters.com time to read: 1 min

NEW DELHI, April 21 (Reuters) - A court in India's Karnataka state has rejected China-based Xiaomi Corp's (1810.HK) petition challenging the seizure of 55.51 billion rupees ($676.35 million) by the Enforcement Directorate, news website Live Law reported on Friday. India's federal financial crime agency froze Xiaomi's assets last year, alleging the company had made illegal remittances to foreign entities by passing them off as royalty payments. The company denies any wrongdoing. ($1 = 82.0725 Indian rupees)Reporting by Tanvi Mehta; Editing by Krishna N. DasOur Standards: The Thomson Reuters Trust Principles.

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