Lawmakers praise workers for landmark Wells Fargo union branch vote in New Mexico
WASHINGTON — Democratic lawmakers on Thursday praised workers at a New Mexico branch of Wells Fargo for becoming the first…
Former Swiss finance executive pleads guilty to tax evasion scheme that hid $60 million
WASHINGTON — A former Swiss finance executive pled guilty in New York federal court on Thursday to conspiring to defraud…
Billions are on the line for lenders as White House finalizes credit card late fee cap
WASHINGTON — The Consumer Financial Protection Bureau’s ambitious rule proposal to crack down on credit card late fees, a $14.5…
Biden touts minority small business wins as Latino approval sags
President Joe Biden is flaunting his investments in Black- and Latino-owned small businesses as the Latino vote slips from his…
U.S. Bank fined $36 million for freezing unemployment debit cards during Covid-19 pandemic
WASHINGTON — The Consumer Financial Protection Bureau on Tuesday announced it has fined U.S. Bank nearly $21 million for cutting…
FCC votes to ban termination fees for cable and satellite services
WASHINGTON — The Federal Communications Commission on Wednesday voted to pass a measure banning cable and satellite companies from charging…
‘Too many things unaffordable:’ Biden fires up price wars as inflation cools
New data from the Federal Reserve suggests that inflation further cooled in November. But President Joe Biden’s crusade to convince…
Here’s the inflation breakdown for November 2023 — in one chart
Inflation declined slightly last month on the back of weaker prices at the gasoline pump and a broader easing of…
Inflation fears down, consumer optimism up: Economy may start to help Biden with voters
Two new surveys released in recent days suggest consumers may be starting to feel more optimistic about inflation. This could…
‘Somebody has it wrong’ on U.S. recession risks as oil, gold and Treasurys diverge, fund manager says
Markets are confused over the odds of a U.S. recession, and “somebody has got it wrong,” according to hedge fund…
