Products and Services
Consumer watchdog eyes crackdown on credit card late fees as inflation threatens to increase them
Rohit Chopra, director of the Consumer Financial Protection Bureau, testifies during a Senate Banking, Housing and Urban Affairs Committee hearing on April 26, 2022. Tom Williams | Cq-roll Call, Inc. | Getty Images The Consumer Financial Protection Bureau signaled a crackdown on late fees charged by credit card companies on Wednesday, as inflation threatens to […]
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Former Amazon employee convicted in Capital One hack
Signage is displayed on the exterior of a Capital One Financial Corp. cafe branch in Walnut Creek, California, U.S., on Tuesday, July 18, 2017. Bloomberg | Getty Images A former Amazon Web Services employee was convicted of hacking into Capital One and stealing the data of more than 100 million people nearly three years ago in […]
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As SEC charges first brokerage to run afoul of new investor protection rule, here’s how to find a good financial advisor
Finding a broker or financial advisor you can trust may, at times, seem a daunting task. That’s especially true when investors see sensational stories of brokers fleeing the police in an underwater getaway or faking their death in an airplane crash. Then there are the high-profile fraudsters such as Bernie Madoff, who masterminded the nation’s […]
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Fed up with endless cookie consent boxes? The UK plans to kill them off
The government says the move will result in far fewer of the “frustrating” boxes appearing online. Andia | Universal Images Group | Getty Images Britain wants an end to the barrage of cookie consent pop-ups. The government says new data reforms will heavily reduce the number of banners that appear on websites asking people to […]
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U.S. safety agency says Tesla accounts for most driver-assist crashes, but warns data lacks context
The NTSB released this image of a 2021 Tesla Model 3 Long Range Dual Motor electric car that was involved in a fatal accident near Miami that killed two people on Sept. 13, 2021. NTSB Tesla vehicles have accounted for nearly 70% of reported crashes involving advanced driver-assist systems since last June, according to federal figures […]
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Ford issues stop-sale of electric Mustang Mach-E crossovers due to potential safety defect
People visit Ford’s all-electric SUV Mustang Mach-E at the 2019 Los Angeles Auto Show in Los Angeles, the United States, Nov. 22, 2019. Xinhua via Getty Images DETROIT – Ford Motor is instructing dealers to temporarily stop selling electric Mustang Mach-E crossovers due to a potential safety defect that could cause the vehicles to become […]
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Jack-and-Coke in a can: Coca-Cola and Brown-Forman team up for new drink
Brown-Forman and The Coca-Cola Company announce plans to debut Jack Daniel’s® Tennessee Whiskey and Coca-Cola®™ Ready-to-Drink Cocktail Courtesy: Coca-Cola Company Coca-Cola is teaming up with Jack Daniel’s distiller Brown-Forman to make a Jack-and-Coke cocktail in a can. It marks the fourth new alcoholic drink in Coke’s portfolio in less than two years, but the first […]
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Bipartisan privacy proposal is ‘unworkable and should be rejected,’ Chamber of Commerce says
Signage is seen on the Chamber Of Commerce Building in the Manhattan borough of New York City, New York, U.S., April 21, 2021. Andrew Kelly | Reuters The bipartisan privacy proposal that’s reignited a debate about federal protections for internet users is “unworkable,” according to a major business group. The American Data Privacy and Protection […]
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More than 46,000 people have lost more than $1 billion to crypto scams since 2021, says FTC
The crypto market can be volatile, but it’s still attractive to young people who have “higher risk appetites,” said Chris Adam of SharpRank. Insta_photos | Istock | Getty Images More than 46,000 people say they lost over $1 billion in crypto to scams since the start of 2021, according to a report released by the […]
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‘Buy now, pay later’ loans make it tough to get a handle on your credit
Payment history often not reported BNPL companies generally don’t report to the credit-scoring companies when consumers use these loans. That makes it a challenge for a lender to know how many loans a consumer has outstanding. “That makes a big difference in terms of how much you should loan,” said Kenneth Lin, CEO of fintech […]
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