A Consumer Financial Protection Bureau regulation that promised to save Americans billions of dollars in late fees on credit cards faces a last-ditch effort to stave off its implementation. Led by the U.S. Chamber of Commerce, the card industry in March sued the CFPB …
Category:
Business
-
-
Business
Hyundai and Kia unit settles U.S. charges it repossessed service members’ vehicles
by adminHyundai’s and Kia’s American financing arm will pay $334,941 to settle charges it illegally repossessed vehicles belonging to military service members, the U.S. Department of Justice said on Wednesday. According to papers filed in Los Angeles federal …
-
Business
Ascension Health, largest Catholic hospital chain in the U.S., hit by cyberattack, disrupting patient care
by adminAscension Health, the nation’s largest chain of Catholic hospitals, said Thursday it was responding to a cyberattack that was disrupting its operations. In a press release on its website, Ascension said the attack had caused …
-
Business
The great wealth transfer has started — but millennials, Gen Z may not inherit as much as they anticipate
by adminThere’s a massive wealth transfer underway. “It has started and it’s only going to accelerate,” said Liz Koehler, head of advisor engagement for BlackRock’s wealth advisory business. Baby boomers are set to pass more than $68 trillion on to …
-
Disney will release no more than three Marvel films and up to two Disney+ shows each year as it works to place more focus on quality output. CEO Bob Iger made the announcement as Disney shares …
-
Business
Biden administration orders online banker Chime to pay $4.55 million over delayed refunds to customers
by adminThe Biden administration has told the online banking group Chime it must pay $4.55 million for failing to issue refunds in a timely manner to customers who had closed their accounts. The Consumer Financial Protection …
-
The bundle is back. Disney and Warner Bros. Discovery are planning to offer their streaming services — Disney+, Hulu and Max — in a bundle mirroring the traditional cable TV package, the companies said Wednesday. The latest iteration …
-
Business
Former MGM Grand casino president to be sentenced for failing to report bookie’s bets
by adminThe former president of the MGM Grand casino in Las Vegas is set to be sentenced Wednesday afternoon on a federal criminal charge related to his failure to report millions of dollars in wagers by …
-
Business
Summer box office bust? This season’s movie slate could put up the lowest haul in decades
by adminFor the first time since 2009, the box office doesn’t have a Marvel film to kick off the summer movie season — and it shows. Since the 2008 release of “Iron Man,” Marvel Cinematic Universe …
-
Business
Abortion bans drive away up to half of young talent, CNBC/Generation Lab youth survey finds
by adminThe youngest generation of American workers is prepared to move away from states that pass abortion bans and to turn down job offers in states where bans are already in place, a new survey from CNBC/Generation Lab …