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4h ago

CFPB rule to save Americans $10 billion a year in late fees faces possible last-minute freeze

Led by the U.S. Chamber of Commerce, the industry in March sued the CFPB in federal court to prevent the new rule from taking effect.
The US Consumer Financial Protection Bureau headquarters.
The US Consumer Financial Protection Bureau headquarters.
7h ago

Hyundai and Kia unit settles U.S. charges it repossessed service members' vehicles

Hyundai was accused of taking over 26 vehicles whose owners had begun paying off their loans prior to active duty.
The Hyundai Motor Co. logo is seen on the front grill of a Santa Fe sports utility vehicle
The Hyundai Motor Co. logo is seen on the front grill of a Santa Fe sports utility vehicle

Ascension Health, largest Catholic hospital chain in the U.S., hit by cyberattack, disrupting patient care

The attack follows another one that has caused a weekslong disruption to insurance giant UnitedHealth.
A sign for Ascension Via Christi hospital emergency services
A sign for Ascension Via Christi hospital emergency services
11h ago

Bank of England holds rates, stresses June cut depends on coming data

Members of the central bank’s Monetary Policy Committee voted 7-2 to hold, with the latter favoring a cut. In the prior meeting only one member voted for a cut.
The Bank of England was on May 9, 2024 set to keep its main interest rate at a 16-year high with UK inflation cooling at a slower pace than forecast.
The Bank of England was on May 9, 2024 set to keep its main interest rate at a 16-year high with UK inflation cooling at a slower pace than forecast.

Disney and Warner Bros. Discovery to bundle streaming services

The latest iteration of the bundle, which will be available this summer, will be offered on both the ad-supported and commercial-free tiers.
Exclusive 100-Minute Sneak Peek Of The Beatles: Get Back
Exclusive 100-Minute Sneak Peek Of The Beatles: Get Back
1d ago

Panera says it's phasing out its controversial Charged Lemonade nationwide

Lawsuits have blamed the highly caffeinated drink for at least two deaths.
Three Panera Charged Lemonade dispensers
Three Panera Charged Lemonade dispensers
1d ago

Applebee's owner plots turnaround to lure back fast-food customers and home cooks

As consumers reduce their restaurant spending, Applebee’s and IHOP are fighting against a larger group of rivals than usual for a smaller pool of customers.
Restaurant Chains Applebee's And IHOP To Close Over 100 Stores
Restaurant Chains Applebee's And IHOP To Close Over 100 Stores

FTX customers may get their money back, but not gains from crypto price increases

The crypto assets are being returned at their November 2022 valuations. Bitcoin has climbed more than 250% since then.
Sam Bankman-Fried
Sam Bankman-Fried

Weekly mortgage refinance demand rose 5% after a slight dip in mortgage rates

The rate for Federal Housing Administration loans fell below 7% for the first time in three weeks — a welcome sign for first-time buyers, who tend to use FHA loans.
A for sale sign is posted in front of a home
A for sale sign is posted in front of a home
1d ago

Gold bars are selling like hot cakes in Korea's convenience stores and vending machines

People in their 30s were most active in purchasing the gold bars, accounting for over 41% of the total sales since their launch.
One kilogram gold bars.
One kilogram gold bars.

Former MGM Grand casino president to be sentenced for failing to report bookie's bets

Scott Sibella admitted knowing that a patron of his casino, Wayne Nix, ran an illegal bookmaking business, according to the Department of Justice.
Scott Sibella.
Scott Sibella.

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