WASHINGTON — A forthcoming rule from the Securities and Exchange Commission on the use of AI in finance is in the crosshairs of two Republican senators, who introduced a bill Tuesday to kill the regulation before it can be finalized. The draft rule unveiled last July would require financial firms to identify and eliminate conflicts … Read more
The U.S. Department of Justice in Washington, D.C., June 20, 2023. Kevin Dietsch | Getty Images News | Getty Images The Department of Justice on Monday announced criminal charges against two people and the guilty plea of a third person for orchestrating a worldwide $1.9 billion cryptocurrency Ponzi fraud scheme known as HyperFund, among other … Read more
Fotostorm | E+ | Getty Images Millions of American workers are paying for early access to their paychecks. In some cases, it can come with a steep price. So-called “earned wage access” programs, which operate either directly to the consumer or through employers, let workers tap a portion of their wages before payday, often for … Read more
Federal Trade Commission building Jeff Greenberg | Universal Images Group | Getty Images WASHINGTON — The Federal Trade Commission on Friday announced that it fined Kubota, one of the world’s largest tractor manufacturing companies, $2 million for mislabeling some of its replacement parts as “Made in the USA.” “Today’s settlement includes the largest civil penalty … Read more
BURBANK, CALIFORNIA – JANUARY 16: Tesla electric cars are parked at a Tesla dealership on January 16, 2024 in Burbank, California. Carbon emissions fell by about 1.9 percent in 2023, a positive signal, but further cuts must be implemented if the U.S. hopes to achieve its climate goal of 50 percent emissions cuts by 2030. … Read more
Alvaro Gonzalez | Moment | Getty Images Why there’s an accounting shortage Accounting has a reputation of long work hours coupled with stressful deadlines, leading college students to opt for other lucrative roles in finance like investment banking, consulting or data analysis. The declining birth rate also plays a role into the low supply of … Read more
Containers of Johnson and Johnson baby powder are displayed on a Walgreens shelf on April 05, 2023 in San Anselmo, California. Justin Sullivan | Getty Images Johnson & Johnson has reached a tentative settlement to resolve an investigation by more than 40 states into whether the company misled patients about the safety of its talc … Read more
D3sign | Moment | Getty Images On-ramp period should protect your credit Generally, failing to make timely payments on debts, including your student loans, can damage your credit. Payment history accounts for 35% of your score, according to FICO. Typically, “missing just one payment can cause your credit score to drop by 50 to 100 … Read more
The Consumer Financial Protection Bureau on Wednesday proposed a set of new rules that would slash the fees banks charge customers for withdrawing more than the available funds in their account. Americans have paid an estimated $280 billion in overdraft fees since 2000, according to data from the consumer watchdog agency. Over the same period, … Read more
Apple CEO Tim Cook attends the first meeting of the American Workforce Policy Advisory Board with US President Donald Trump in the State Dining Room of the White House in Washington, DC, March 6, 2019. Saul Loeb | AFP | Getty Images The Department of Justice is readying an antitrust case against Apple that could … Read more
