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☆ Supreme Court rejects Elon Musk over agreement with SEC to vet social media posts
▼ + stars: | 2024-04-29 | by ( Lawrence Hurley | ) www.cnbc.com time to read: +2 min

He has long been an impulsive user of Twitter, now renamed X. Musk acquired the social media company in 2022. As part of that agreement, he signed off on the social media provision. His lawyers say in court papers that the SEC has waged an "ongoing campaign" against Musk. The provision "restricts Mr. Musk's speech even when truthful and accurate. The SEC responded in court papers that Musk had waived his right to bringing his argument when he signed off on the settlement.

Persons: Elon Musk, Tesla, Porte, WASHINGTON —, Elon Musk's, Musk Organizations: Twitter, Viva Technology, Porte de, WASHINGTON, Securities and Exchange Commission, New, Circuit, Appeals, SEC, Tesla Locations: Paris, France, New York

WASHINGTON — The Senate voted 74-24 early Saturday morning to pass a sweeping $1.2 trillion government funding bill after heated last-minute negotiations caused senators to breach the midnight deadline to avert a shutdown. The legislation, which passed the House on Friday morning by a vote of 268-134, now goes to President Joe Biden, who has said he'll sign it into law. Sen. John Kennedy, R-La., said it was "typical" and "juvenile" for the Senate to wait until the 11th hour to act on the bill. And at nearly six months into the fiscal year, it's unusually late in the game to be haggling over the funding measures. The latest bill was released Thursday and passed by the House on Friday morning, leaving little time for the Senate to act.

Persons: WASHINGTON —, Joe Biden, Biden, Sen, Chris Murphy, Conn, Murphy, John Kennedy, Chuck Schumer, It's, Schumer, it's Organizations: U.S . Capitol, WASHINGTON, White, NBC News, State , Defense, Labor, Health, Human Services, Homeland Security, Senate Locations: Washington , DC, Congress

☆ Opinion: Why gangs hold so much power in Haiti
▼ + stars: | 2024-03-15 | by ( Opinion Garry Pierre-Pierre | ) edition.cnn.com time to read: +16 min

CNN —The last few weeks have brought unthinkable upheaval in Haiti, a country that is no stranger to tragedy and suffering. Nothing can compare to the current upheaval in Haiti though, and I would expect new waves of Haitians to seek refuge on foreign shores. After securing its independence, Haiti was subjected to neocolonialism and neglect by the global superpower on its doorstep, the US. Haiti needs help combating corruption and loosening the stranglehold that the country’s oligarchic masters have on its economy. He remains sequestered in Haiti however, because he knows that leaving would mean his business would be looted and pillaged.

Persons: Garry Pierre, Pierre, Ariel Henry, Henry, —, ‘ Papa Doc ’, François “ Papa Doc ” Duvalier, Jean, Claude “ Baby Doc ” Duvalier, Claude Duvalier, Bertrand Aristide, Duvalier, — Aristide, ”, Jimmy, Giles Clarke, Jimmy Cherizier, Guy Philippe, Aristide, Philippe, Cherizier, Henry’s, Uncle Sam, strongmen, America sneezes Organizations: Haitian Times, New York Times, World Trade Center, City University Graduate School, Journalism‘s Center for Community, Ethnic Media, CNN, Haitian, ., UN, Haiti, US, Haiti —, Caribbean, Alcohol, Tobacco, Firearms, Drug, Agency, America Locations: New York, Haitian, Haiti, Puerto Rico, Caribbean, France, Canada, Washington, Kenya, Nairobi, Port, Haiti’s, Africa, Delmas, Prince, Jamaica, America, Maryland

☆ Opinion: How my homeland Haiti came to be such a troubled place
▼ + stars: | 2024-03-15 | by ( Opinion Garry Pierre-Pierre | ) edition.cnn.com time to read: +16 min

CNN —The last few weeks have brought unthinkable upheaval in Haiti, a country that is no stranger to tragedy and suffering. Nothing can compare to the current upheaval in Haiti though, and I would expect new waves of Haitians to seek refuge on foreign shores. Haiti needs help combating corruption and loosening the stranglehold that the country’s oligarchic masters have on its economy. He remains sequestered in Haiti however, because he knows that leaving would mean his business would be looted and pillaged. Although formidable challenges lie ahead, the path to peace and stability in Haiti is possible with help from Washington.

Persons: Garry Pierre, Pierre, Gary Pierre, Ariel Henry, Henry, —, ‘ Papa Doc ’, François “ Papa Doc ” Duvalier, Jean, Claude “ Baby Doc ” Duvalier, Claude Duvalier, Bertrand Aristide, Duvalier, — Aristide, ”, Jimmy, Giles Clarke, Jimmy Cherizier, Guy Philippe, Aristide, Philippe, Cherizier, Henry’s, Uncle Sam, strongmen, America sneezes Organizations: Haitian Times, New York Times, World Trade Center, City University Graduate School, Journalism‘s Center for Community, Ethnic Media, CNN, Haitian, ., UN, Haiti, US, Haiti —, Caribbean, Alcohol, Tobacco, Firearms, Drug, Agency, America Locations: New York, Haitian, Haiti, Puerto Rico, Caribbean, France, Canada, Washington, Kenya, Nairobi, Port, Haiti’s, Africa, Delmas, Prince, Jamaica, America, Maryland

☆ In shadow of Trump tweets, Supreme Court outlines when officials can be sued for social media use
▼ + stars: | 2024-03-15 | by ( Lawrence Hurley | ) www.cnbc.com time to read: +5 min

The court ruled unanimously that officials can be deemed "state actors" when making use of social media and can therefore face litigation if they block or mute a member of the public. The court held that conduct on social media can be viewed as a state action when the official in question "possessed actual authority to speak on the state's behalf" and "purported to exercise that authority." While the officials in both cases have low profiles, the ruling will apply to all public officials who use social media to engage with the public. The cases raised the question of whether public officials' posts and other social media activity constitute part of their governmental functions. The court is wrestling with a whole series of social media-related free speech issues in its current term, which runs until June.

Persons: WASHINGTON —, Donald Trump's, Amy Coney Barrett, —, Barrett, Trump, Elon Musk, Michelle O'Connor, Ratcliff, T.J, Zane, Christopher, Kimberly Garnier, O'Connor, Christopher Garnier, James Freed, Kevin Lindke, Freed Organizations: Twitter, Poway Unified School District, of, Circuit, Southern District of, Port, U.S Locations: Southern California, Michigan, California, San Francisco, Southern District, Southern District of California, Port Huron City

☆ Supreme Court to release decisions on Monday, with Trump Colorado ruling a strong possibility
▼ + stars: | 2024-03-03 | by ( Lawrence Hurley | ) www.cnbc.com time to read: +1 min

WASHINGTON — The Supreme Court has indicated it will issue rulings on Monday, one of which could be the highly anticipated decision on whether Colorado can kick former President Donald Trump off the primary ballot. Trump is currently set to appear on the state primary ballot on Tuesday after a hold was placed on the Colorado Supreme Court ruling that deemed him ineligible due to his efforts to defy the 2020 election results. The ruling is likely to affect not only the Colorado case, but also any other effort to throw Trump off the ballot. The Supreme Court's decisions on Monday will come on a day that is not scheduled on the court calendar as a ruling day. As a result, the justices will not be in the courtroom to announce any decisions as they normally would be.

Persons: WASHINGTON —, Donald Trump, Trump Organizations: Colorado Supreme, U.S, Supreme, Trump, Capitol Locations: Colorado, Maine, Illinois

☆ Supreme Court weighs free speech challenges to GOP-backed social media restrictions
▼ + stars: | 2024-02-26 | by ( Lawrence Hurley | ) www.cnbc.com time to read: +2 min

A stop sign as seen on traffic light near a statue at the Supreme Court in Washington, DC, February 26, 2024 as Justices are set to make a decision on landmark cases over social media content moderation. WASHINGTON — The Supreme Court on Monday questioned laws in Florida and Texas that seek to impose restrictions on the ability of social media companies to moderate content based on the assumption that they disfavor conservative speech. Various other tech companies that routinely moderate user content oppose the laws, including Reddit, Discord and Yelp. After the first of two oral arguments concerning the Florida law, it appeared a majority of the justices had concerns that the measure violates the free speech rights of big social media companies by prohibiting them from limiting the speech of some problematic users. The arguments over Texas' law were ongoing Monday afternoon.

Persons: WASHINGTON —, Elena Kagan, Neil Gorsuch, Donald Trump Organizations: Facebook, YouTube, Computer and Communications Industry Association, Republican, Twitter, U.S, Capitol Locations: Washington , DC, WASHINGTON, Florida, Texas

☆ Commerce Secretary Raimondo: U.S. set to become a major hub of leading-edge logic chip manufacturing
▼ + stars: | 2024-02-26 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

"Our investments in leading-edge logic chip manufacturing will put this country on track to produce roughly 20% of the world's leading-edge logic chips by the end of the decade," Raimondo said during a speech at the Center for Strategic and International Studies. "It takes tens of thousands of leading-edge semiconductor chips to train a single large language model." The Taiwan Semiconductor Manufacturing Company, which manufactures chips for companies such as Apple and Nvidia , is currently the world's largest, most advanced contract chip maker. Chinese chipmaker Semiconductor Manufacturing International Corporation appears to have defied U.S. sanctions in recent months by manufacturing advanced chips and is preparing to produce five nanometer chips for technology corporation Huawei. "At the outset, we said we would invest about $28 billion of the program's $39 billion in incentives for leading-edge chip manufacturing," Raimondo added.

Persons: Gina Raimondo, WASHINGTON —, Biden, " Raimondo, Raimondo, SMIC Organizations: Science, Technology, Washington , D.C, WASHINGTON, Center for Strategic, International Studies, U.S . Department of Commerce, McKinsey & Company, McKinsey, Taiwan Semiconductor Manufacturing Company, Apple, Nvidia, chipmaker Semiconductor Manufacturing International Corporation, Huawei, U.S, Commerce, CNBC PRO Locations: Rayburn, Washington ,, U.S, China

☆ Senators demand Mark Zuckerberg produce details on Instagram's 'warning screens' that allowed users to see potential child sex abuse material
▼ + stars: | 2024-02-12 | by ( Emily Wilkins | ) www.cnbc.com time to read: +2 min

WASHINGTON — The Democratic chairman of the Senate Judiciary Committee and one of its most senior Republicans escalated their demands Monday for information from Meta CEO Mark Zuckerberg about Instagram's now-shuttered "warning screens" for child sexual abuse material, according to a letter first obtained by CNBC. The letter from Durbin and Cruz follows a contentious and emotional Judiciary Committee hearing in January about social media and child sexual abuse material. There, Zuckerberg was repeatedly pushed into the spotlight by Republicans and Democrats alike. The warning screen option was removed in June of last year, but only after The Wall Street Journal reported on it and pressed the company for details about why it permitted the abusive content on the platform in the first place. At the time, Instagram refused to tell the Journal when the warning screen option was first created, or why, or by whom.

Persons: Sen, Ted Cruz, Dick Durbin, Ketanji Brown Jackson, WASHINGTON —, Mark Zuckerberg, Instagram's, Republican Sen, Zuckerberg, Durbin, Cruz, Instagram Organizations: U.S, Supreme, Capitol, WASHINGTON, Democratic, Republicans, CNBC, Republican, Democrats, Street Locations: Ted Cruz of Texas, Illinois, Texas

☆ Budget office projects Biden green energy plan will cost much more than initial estimate
▼ + stars: | 2024-02-07 | by ( Chelsey Cox | ) www.cnbc.com time to read: +2 min

WASHINGTON — The U.S. budget deficit will grow by an estimated $1 trillion over the next 10 years, the nonpartisan Congressional Budget Office projected in a new report Wednesday. "I came to office determined to ... face the existential threat of climate and still grow, to fundamentally change our economy, and to transition this country to a clean energy future," Biden said last October. Taken together, CBO estimates that the impact of new emissions standards, clean energy tax credits and falling gas tax revenue as people buy less gas, will add $25 billion to the budget deficit this year. "Those costs reflect new emissions standards, market developments, and actions taken by the administration to implement the tax provisions." The CBO also noted that there are still many unknowns about how green energy will impact the economy and the federal budget longer term.

Persons: WASHINGTON, Joe Biden's, Biden, Philip Swagel, EPA's Organizations: CBO, Environmental Protection Agency Locations: The, U.S

“This is the pinnacle,” Williams said about playing the Kansas City Chiefs for a championship on Sunday. The way these last four years went for me, I’m super grateful.”Williams career has been revitalized since he arrived in San Francisco in 2020, after sitting out the previous season in Washington. But he’s a guy I’m not shy doing that about because he’ll be there and he should be there first ballot. Williams said the offensive line fined him when he first got the extra locker but everyone knows he's worthy of it. Williams knows he’s far closer to the end of his career than the beginning, but he’s not quite ready to hang it up and retire.

Persons: HENDERSON, — Trent Williams, ” Williams, “, I’m, Williams, ”, John Lynch, he’ll, I’ve, Christian McCaffrey, Fred Warner, he’s, “ I’m Organizations: Fame, Pro, San Francisco 49ers, Super, Kansas City Chiefs, Niners, Kansas City, of Fame, Pro Football Locations: Nev, Washington, San Francisco, “

WASHINGTON — The Biden campaign has zeroed in on a likely date and location for a fundraiser with three Democratic presidents — Joe Biden, Barack Obama and Bill Clinton — according to three people familiar with the planning. The fundraiser is expected to take place on March 28 in New York City, possibly at Radio City Music Hall, these people said. A spokesperson for the Biden campaign said no details have been finalized, including venue or location. NBC News first reported last month that the Biden campaign was trying to organize a fundraiser with the current president and his two most recent Democratic predecessors. Obama and Clinton also remain popular leaders in the Democratic Party.

Persons: Barack Obama, Joe Biden, Bill Clinton, Robert Byrd, Charleston , West Virginia . WASHINGTON —, — Joe Biden, Bill Clinton —, Spokespeople, Clinton, Biden, Obama Organizations: West Virginia State Capitol, Charleston , West Virginia ., Biden, Radio City Music Hall, Obama, NBC News, Democratic, Democratic Party Locations: Charleston , West Virginia, Charleston , West Virginia . WASHINGTON, New York City

☆ Supreme Court declines to immediately block West Point from considering race in admissions process
▼ + stars: | 2024-02-02 | by ( Lawrence Hurley | ) www.cnbc.com time to read: +3 min

(Photo by M. Anthony Nesmith/Icon Sportswire via Getty Images)WASHINGTON — The Supreme Court on Friday allowed West Point to continue to consider race in its admissions process for now, rebuffing a request made by a conservative group. The group says that its membership includes two "full qualified, but white" West Point applicants. In asking the Supreme Court to immediately intervene, the challengers said that West Point's program is inconsistent with the Supreme Court's ruling last year. West Point has been considering applications since August and has already made hundreds of offers, Prelogar said. Lower courts declined to immediately prevent West Point considering race while the litigation proceeds.

Persons: Anthony Nesmith, WASHINGTON —, Elizabeth Prelogar, Prelogar Organizations: Army, 124th Army, Navy, Gillette, Getty Images, WASHINGTON, Fair, Harvard, University of North, U.S . Army, Naval Academy, Air Force Academy Locations: Foxborough, University of North Carolina, New York, Maryland, Colorado, West

☆ FTC fines Kubota $2 million in largest ever 'Made in the USA' penalty
▼ + stars: | 2024-01-26 | by ( Chelsey Cox | ) www.cnbc.com time to read: +2 min

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 assessed for violating the Made in USA Labeling Rule," said Samuel Levine, director of the FTC's Bureau of Consumer Protection. "The FTC will continue cracking down on deceptive Made in USA claims that cheat consumers and honest businesses." Kubota said in a statement that it "cooperated fully with the FTC" and is voluntarily addressing its concerns. "All parts in this matter sold to customers since 2021 were produced by approved Kubota suppliers, and Kubota continues to stand behind these parts as 'Kubota Genuine Parts,'" the company said.

Persons: WASHINGTON, Kubota, Samuel Levine, Ran Reske Organizations: Federal Trade Commission, Consumer, FTC, Kubota North America Corporation, U.S, Established, Dallas Morning News Locations: USA, FTC's, Dallas, U.S, Japan, Southern California

☆ FAA chief vows 'boots on the ground' at Boeing until quality control system is working
▼ + stars: | 2024-01-24 | by ( Leslie Josephs | ) www.cnbc.com time to read: +5 min

"Until we're comfortable that the [quality assurance] system is working properly ... we're going to have boots on the ground," he said. United, which has 79 Boeing 737 Max 9 planes in its fleet, more than any other carrier, said Monday it's assuming the planes will remain grounded through the end of January. He said United is taking the larger variant, the 737 Max 10, out of its fleet plans, because of lengthy delivery delays. Those accidents involved the 737 Max 8, a smaller variant of the same aircraft family. This photo released by the National Transportation Safety Board shows the door plug from Alaska Airlines Flight 1282 on Monday, Jan. 8, 2024, in Portland, Ore. National Transportation Safety Board via AP

Persons: Michael Whitaker, Drew Angerer, —, Mike Whitaker, Max, We've, Whitaker, It's, John Lovell, they've, Scott Kirby, Ben Minicucci, Stan Deal Organizations: Federal Aviation Administration, FAA, Commerce, Science, Capitol, Getty, Getty Images WASHINGTON, CNBC, Boeing, Alaska Airlines, United Airlines, National Transportation Safety Board, National Transportation, AP, Max, Airlines, NBC, Deal, Transportation Locations: Washington ,, Alaska, Portland , Oregon, Renton , Washington, Portland , Ore

☆ Biden administration unveils proposed changes to big banks' overdraft fees
▼ + stars: | 2024-01-17 | by ( Chelsey Cox | ) www.cnbc.com time to read: +2 min

Samuel Corum/Bloomberg via Getty ImagesWASHINGTON — The Consumer Financial Protection Bureau on Wednesday unveiled long-awaited changes to how the nation's biggest banks structure overdraft protection plans. Since 2000, American consumers have paid an estimated $280 billion in bank overdraft fees, according to CFPB data. During that time, the annual revenue big banks derived from overdraft fees soared, helped along by the boom in consumer debit cards tied directly to checking accounts. Taken together, these banks typically account for more than 80% of the overdraft fees charged in any given year. Banking trade groups deeply opposed to any changes in the overdraft rules have already begun to mobilize opposition, which is only expected to grow.

Persons: Washington . Samuel Corum, Joe Biden, Parks, Lael Brainard, Andrew Caballero, Reynolds, CFPB, Biden Organizations: Consumer Financial, Bloomberg, Getty Images WASHINGTON, National Economic, White, AFP, Getty, Banking, Consumer Bankers Association Locations: Washington ., Washington ,

☆ Billions are on the line for lenders as White House finalizes credit card late fee cap
▼ + stars: | 2023-12-20 | by ( Chelsey Cox | ) www.cnbc.com time to read: +2 min

Signage is seen at the Consumer Financial Protection Bureau headquarters in Washington, D.C., on Aug. 29, 2020. 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 a year after it was released. Global corporations and small banks alike are pushing back against the impending rule finalization with some help from business-friendly lawmakers. Late fees, which can reach $41 under a legislative loophole allowing banks to charge unimpeded under a certain threshold, disproportionately affect poor Americans and those with low credit scores, the American Economic Liberties Project reported. "In contrast to the CFPB's unfounded statements, late fees are not impermissible, so-called 'junk fees' that fail to serve any purpose," the Chamber wrote, referencing the Biden administration's overall initiative to shrink excessive surcharges.

Persons: Andy Barr, Biden Organizations: Consumer Financial, Washington , D.C, WASHINGTON, Consumer, Global, Rep, Office, American Economic Liberties, U.S . Chamber, Commerce, Federal Reserve Locations: Washington ,, Ky

☆ U.S. Bank fined $36 million for freezing unemployment debit cards during Covid-19 pandemic
▼ + stars: | 2023-12-19 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

The Office of the Comptroller of the Currency imposed an additional $15 million penalty on the bank over the same practices. The fifth-largest commercial bank in the country, U.S. Bank administered prepaid debit cards to distribute unemployment insurance benefits through its ReliaCard program. Between March 2020 and July 2021, states issued $794 billion in combined state and federal unemployment benefits. The $15 million OCC portion of the fine was related to alleged unfair practices under the Federal Trade Commission Act. Under a consent order, U.S. Bank will provide $5.7 million in redress to consumers and pay a $15 million civil money penalty.

Persons: WASHINGTON, Rohit Chopra, Cheryl Leamon, Leamon, Chopra Organizations: Consumer Financial, U.S, Bank, U.S . Bank, CNBC, Federal Trade Commission, Consumers, OCC, U.S . Treasury Locations: U.S, cardholders, Minneapolis , Minnesota

Thirty-three Palestinian prisoners released by Israel arrived early Tuesday in east Jerusalem and the West Bank town of Ramallah. Political Cartoons View All 1267 ImagesCurrently:— Israel and Hamas extend their truce, but it seems only a matter of time before the war resumes. So far, Hamas has released 69 hostages, including 51 Israelis, and Israel has released 150 Palestinian prisoners. Fifty Israeli hostages have been freed under the terms of an initial four-day truce, which has been extended to Wednesday. Israel has said it would extend the cease-fire by one day for every 10 additional hostages released.

Persons: Israel, — Israel, — Freed, — Blinken, Israel —, “, Israel — Kfir Bibas, Ariel, Eylon, Kfir’s, ”, William Burns, David Barnea, Burns, Barnea, Isabel Debre, Jon Gambrell, Eli Cohen, Parnpree, Thais, ” Parnpree, Cohen, GAZA WASHINGTON —, Biden, Benjamin Netanyahu, Joe Biden, Constantinos Letymbiotis, Nikos Christodoulides, Christodoulides, Qatar’s, Sheikh Tamim bin Hamad Al Thani, Catherine Colonna, Antonio Guterres, Guterres, ” Israel, ” Elad Levy, Levy’s, Roni Eshel, ” Levy, Antony Blinken, John Kirby, Jason J, Eaton, General Merrick Garland Organizations: Hamas, West Bank, Health Ministry, —, TEL, CIA, DUBAI, United Arab Emirates, Officials, U.S, The Washington Post, Shamir, Thais, GERMANY BERLIN, White, Israeli Defense Forces, Cyprus ’, Cypriot, AP, UNIT, Gaza Health Ministry, Shifa, World Health Organization, PARIS, Foreign, RTL, UN, UNITED NATIONS, United Nations, Palestinian, of Solidarity, AS US, FIRE BRUSSELS, State Department, NATO, Organization for Peace, Security, National Security, MEN, UNIVERSITY OF VERMONT, BURLINGTON , Vermont —, University of Vermont, U.S . Department of Justice Locations: Israel, Gaza, Jerusalem, Ramallah, East, israel, ISRAEL, TEL AVIV, Israeli, Tel Aviv, QATAR, United Arab, Qatar, Egypt, ___, Dubai, United Arab Emirates, JERUSALEM, GERMANY, Germany, Berlin, GAZA WASHINGTON, CYPRUS, GAZA NICOSIA, Cyprus, CAIRO, Shifa, Europe, France, CANBERRA, Australia, Australia’s, Canberra, Ukraine, Brussels, Skopje, North Macedonia, UNIVERSITY, BURLINGTON , Vermont, Vermont, Burlington

☆ Bank of America fined $12 million for mortgage disclosure violations by federal watchdog
▼ + stars: | 2023-11-28 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

A man walks past an ATM outside Bank of America Corp. headquarters in Charlotte, North Carolina, May 2, 2016. WASHINGTON — The Consumer Financial Protection Bureau on Tuesday fined Bank of America $12 million for reporting false mortgage lending data to the federal government. "Bank of America violated a federal law that thousands of mortgage lenders have routinely followed for decades," CFPB director Rohit Chopra said in a statement. According to a CFPB consent order, Bank of America violated part of the 1975 Home Mortgage Disclosure Act (HMDA) that requires lenders to accurately report demographic data about mortgage applications to financial regulators. The firm also employed over 4,500 loan officers, and averaged over 300,000 mortgage loan applications per year between January 2016 and the present day, the CFPB said.

Persons: Rohit Chopra, —, Biden, Bill Halldin, Halldin Organizations: Bank of America Corp, WASHINGTON, Consumer Financial, Bank of America, of America, Justice Department Locations: Charlotte , North Carolina

☆ Presidential debate locations and dates announced for general election
▼ + stars: | 2023-11-21 | by ( Megan Lebowitz | Mike Memoli | ) www.cnbc.com time to read: +4 min

WASHINGTON — The Commission on Presidential Debates announced Monday the dates and locations of three presidential debates for the 2024 general election. The lone vice presidential debate will take place at Lafayette College in Easton, Pennsylvania, on Sept. 25. The Biden campaign declined to comment on the announcement. He has bashed the Commission on Presidential Debates, claiming it is "very biased" and "stacked with Trump Haters & Never Trumpers." Last year, the Republican National Committee voted to require that GOP presidential candidates not participate in debates organized by the commission.

Persons: WASHINGTON, Frank Fahrenkopf, Antonia Hernández, Biden, Kate Bedingfield, Trump, Steven Cheung, Donald Trump's, Ronna McDaniel Organizations: Presidential, Texas State University, Virginia State University, University of Utah, Lafayette College, White House, RNC, NBC, GOP, Trump, Republican National, Electoral College Locations: San Marcos, Petersburg, Salt Lake City, Easton , Pennsylvania, United States

☆ Biden proposes ban on cable cord cutting fees
▼ + stars: | 2023-11-21 | by ( Chelsey Cox | ) www.cnbc.com time to read: +2 min

WASHINGTON — The Federal Communications Commission on Tuesday announced a rule proposal to ban early termination fees for cable and satellite service contracts. The proposed rule would require cable operators and direct broadcast satellite (DBS) providers to eliminate early cancellation fees. According to that order, cable television is one sector where fees can stifle competition, due to costs associated with canceling services or switching service providers. "Companies shouldn't lock you into services you don't want with large fees," President Joe Biden said via X on Tuesday. The agency has also proposed 'all-in-pricing' for cable and satellite services, so that customers will see the total service costs, fees included, up front.

Persons: Joe Biden, WASHINGTON —, Jessica Rosenworcel, Joe Biden's, Rosenworcel Organizations: White, WASHINGTON, Federal Communications Commission, DBS, FCC Locations: Washington ,, U.S

☆ Toyota financing arm fined $60 million by consumer watchdog for car loan scam
▼ + stars: | 2023-11-20 | by ( Chelsey Cox | ) www.cnbc.com time to read: +1 min

WASHINGTON — The U.S. financing arm for Toyota was fined $60 million Monday by a federal consumer regulator for preventing car buyers from canceling add-ons to their loans. "Toyota's lending arm illegally withheld refunds, made borrowers run through obstacle courses to cancel unwanted services, and tarnished their credit reports," said Consumer Financial Protection Bureau Director Rohit Chopra. Toyota Motor Credit Corp., or TMCC, violated the Consumer Financial Protection Act by preventing customers from canceling loan add-ons that cost on average between $700 and $2,500 per loan, according to a consent order. TMCC is ordered to pay $48 million in consumer redress and a $12 million civil money penalty to the CFPB's victims relief fund. "Given the growing burdens of auto loan payments on Americans, we will continue to pursue large auto lenders that cheat their customers," Chopra said.

Persons: WASHINGTON, Rohit Chopra, Chopra, Vincent Bray Organizations: Toyota, Financial, Toyota Motor Credit Corp, Consumer Financial, Bureau, Toyota Financial Services, CNBC Locations: The U.S

More than 1,200 people in Israel died, most of them in the Hamas attack, and about 240 hostages were taken from Israel into Gaza by Palestinian militants. The army said Tuesday that it has captured Gaza’s legislature building, the Hamas police headquarters and a compound housing Hamas’ military intelligence headquarters. Israeli news sites showed pictures of Israeli soldiers hoisting the Israeli national flag and military flags in some of the buildings. The Israeli military did not give a reason for her death, while Hamas said she was killed in an Israeli strike. On Nov. 5, the Israeli military struck a car on the road between the southern Lebanese towns of Ainata and Aitaroun.

Persons: —, Gilad, Luiz Inácio Lula da Silva, Lula, ” Lula, “, Lynn Gottlieb, KNTV, WASHINGTON, Janet Yellen, Shelly Shem Tov, Omer Shem Tov, Benjamin Netanyahu, JERUSALEM — Vivian Silver, Silver, Yonatan Zeigen, ” Zeigen, Noa Marciano, Marciano, ”, Israel, Iqbal Abu Saud, Ramzi Kaiss, Israel’s, KFAR, Ayelet, David Kachko Kazir, Aftonbladet Organizations: Palestinian, Hamas, Health Ministry, “, FIRE, Jewish, Peace, Berkeley, Consulate, Grand, Station, New York, Islamic, Treasury Department, TEL, JERUSALEM TEL, Israel, JERUSALEM, Israel Radio, Rights Watch, Israel — Residents, DR Locations: Gaza, Israel, Gaza City, Palestinian, Gaza's, Detroit, israel, ISRAEL, GAZA, JERUSALEM, DE JANEIRO, Brazil, “, CALIFORNIA, FIRE OAKLAND, California —, Oakland , California, Chicago, New York, United States, Islamic Jihad, Iran, Lebanese, United Kingdom, U.S, TEL AVIV, JERUSALEM TEL AVIV, Tel Aviv, Jerusalem, Canadian, BEIRUT, Lebanon, Ainata, Rights Watch Lebanon, KFAR AZA, Israel —, Kfar Aza, SWEDEN, DENMARK, COPENHAGEN, Denmark, Sweden, Danish, Egypt

☆ House passes bill to avoid government shutdown, Senate to vote next
▼ + stars: | 2023-11-14 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

U.S. House Speaker Mike Johnson (R-LA) speaks during a press conference on Capitol Hill in Washington, U.S., November 14, 2023. WASHINGTON — The House approved a bill Tuesday that would avert a government shutdown, sending the measure next to the Senate, where it is expected to pass. Once it is approved by the Senate, the bill goes to President Joe Biden, who has signaled he is open to signing it. Senate Majority Leader Chuck Schumer, D-N.Y., said if the bill passed the House, he and Republican Minority Leader Mitch McConnell, R-Ky., would move it swiftly through the Senate. "Senate Leader [Mitch] McConnell and I will figure out the best way to get this done quickly," said Schumer.

Persons: Mike Johnson, WASHINGTON —, Joe Biden, Johnson, Johnson's, Kevin McCarthy, McCarthy, Hakeem Jeffries, Chuck Schumer, Mitch McConnell, Mitch, McConnell, Schumer Organizations: Capitol, WASHINGTON, Senate, Republican, Republicans, Democrats, Democratic, and Drug Administration, Jan, Caucus Locations: Washington , U.S, D, Ky

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