Products and Services

Biden administration unveils proposed changes to big banks’ overdraft fees

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Biden administration unveils proposed changes to big banks’ overdraft fees

The Consumer Financial Protection Bureau headquarters in Washington. Samuel Corum/Bloomberg via Getty Images WASHINGTON — The Consumer Financial Protection Bureau on Wednesday unveiled long-awaited changes to how the nation’s biggest banks structure overdraft protection plans. The independent watchdog agency said the new rule closes a loophole that for decades has exempted overdraft loans from the … Read more

24 companies sign open letter saying Big Tech isn’t respecting EU DMA

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24 companies sign open letter saying Big Tech isn’t respecting EU DMA

The logos of Google, Apple, Facebook, Amazon and Microsoft displayed on a mobile phone with an EU flag shown in the background. Justin Tallis | AFP via Getty Images A raft of major technology and media companies have signed an open letter accusing tech giants of failing to bring their businesses into full compliance with … Read more

Amazon Microsoft, Meta accused of not respecting EU DMA laws

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24 companies sign open letter saying Big Tech isn’t respecting EU DMA

The logos of Google, Apple, Facebook, Amazon and Microsoft displayed on a mobile phone with an EU flag shown in the background. Justin Tallis | AFP via Getty Images A raft of major technology and media companies have signed an open letter accusing tech giants of failing to bring their businesses into full compliance with … Read more

Morgan Stanley will pay millions settle SEC block trade probe

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Morgan Stanley will pay millions settle SEC block trade probe

Pawan Passi, former equities executive at Morgan Stanley, arrives at court in New York, US, on Friday, Jan. 12, 2024. Alex Kent | Bloomberg | Getty Images Morgan Stanley has agreed to pay a total of $249 million to settle a criminal investigation and a related Securities and Exchange Commission probe of the unauthorized disclosure … Read more

Tesla recalls over 1.6 million cars in China over Autopilot, locks

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Tesla recalls over 1.6 million cars in China over Autopilot, locks

Elon Musk, CEO of Tesla and owner of X, arrives for the Inaugural AI Insight Forum in Russell Building on Capitol Hill, on Wednesday, September 13, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images Tesla is recalling more than 1.6 million cars in China to fix problems with Autopilot features and locks, state … Read more

Novo Nordisk sues pharmacies over impure Wegovy, Ozempic dupes

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Novo Nordisk sues pharmacies over impure Wegovy, Ozempic dupes

A 0.25 mg injection pen of Novo Nordisk’s weight loss drug Wegovy is shown in this photo in Oslo, Norway, on Aug. 31, 2023. Victoria Klesty | Reuters Novo Nordisk on Thursday said it sued two compounding pharmacies in Florida for allegedly selling impure and “potentially unsafe” drugs claiming to contain semaglutide, the active ingredient … Read more

Vehicle recalls, make sure your car is fit for long-distance travel

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Vehicle recalls, make sure your car is fit for long-distance travel

Rear view of couple traveling through car. Maskot | Maskot | Getty Images A recall on your vehicle can derail your travel plans, depending on the issue at hand.  It’s an issue plenty of drivers have to consider this fall. Subaru, Volkswagen, General Motors, Mercedes-Benz, Toyota and Honda Motor are among the vehicle manufacturers that … Read more

Billions on the line for lenders as White House finalizes late fee cap

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Billions on the line for lenders as White House finalizes late fee cap

Signage is seen at the Consumer Financial Protection Bureau headquarters in Washington, D.C., on Aug. 29, 2020. Andrew Kelly | Reuters WASHINGTON — The Consumer Financial Protection Bureau’s ambitious rule proposal to crack down on credit card late fees, a $14.5 billion income stream for credit card companies, will potentially roll out in January, nearly … Read more

FTC bars Rite Aid from using facial recognition under settlement

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FTC bars Rite Aid from using facial recognition under settlement

A Rite Aid store stands in Brooklyn on August 28, 2023 in New York City. Spencer Platt | Getty Images The Federal Trade Commission proposed to bar Rite Aid from using facial recognition software in its drugstores for five years to settle allegations it improperly used the technology to identify shoplifters, the agency said Tuesday. … Read more

SEC charges ex-CEO of Stimwave with fraud, says some devices were fake

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SEC charges ex-CEO of Stimwave with fraud, says some devices were fake

The headquarters of the U.S. Securities and Exchange Commission (SEC) is seen in Washington, D.C., May 12, 2021. Andrew Kelly | Reuters Laura Tyler Perryman, co-founder and former CEO of the medical device startup Stimwave Technologies, was charged with allegedly defrauding investors out of $41 million by making “false and misleading” statements about one of … Read more