Credit card holders could be paying more in fees and interest than their travel rewards and other perks are worth, Biden administration officials argue.
Category Archives: business
Sinclair explores selling roughly 30% of its broadcast stations, sources say
Sinclair, one of the largest owners of broadcast stations in the U.S., is looking to sell more than 30% of its footprint, according to people familiar with the matter.
About 800,000 BetterHelp online therapy customers receive refund notices
About 800,000 customers of the online therapy platform BetterHelp will start receiving refund notices related to a settlement with the Federal Trade Commission, the agency said Thursday.
Investor convicted in Trump Media insider trading case
A federal jury convicted an investor of insider trading in the stock of a shell company ahead of its announcement that it would merge with Trump Media.
Shareholders push casinos to reassess indoor smoking
A new strategy has emerged in the battle to ban smoking in casinos: the shareholder vote.
CFPB rule to save Americans $10 billion a year in late fees faces possible last-minute freeze
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.
Hyundai and Kia unit settles U.S. charges it repossessed service members’ vehicles
Hyundai’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.
Ascension Health, largest Catholic hospital chain in the U.S., hit by cyberattack, disrupting patient care
Ascension Health, the nation’s largest chain of Catholic hospitals, said Thursday it was responding to a cyberattack that was disrupting its operations.
Bank of England holds rates, stresses June cut depends on coming data
The Bank of England on Thursday announced a widely-expected hold on interest rates as it said restrictive monetary policy was taming inflation, but warned a June rate cut was not a done deal.
Federal regulators to hold hearing on airline credit card rewards
Federal regulators will hear from airlines, unions and consumer advocates to determine if credit card rewards programs are actually working for consumers who allege its difficult to earn and redeem points. NBC’s Brian Cheung reports for TODAY.