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☆ Judge blocks Biden administration rule capping credit card late fees at $8
▼ + stars: | 2024-05-11 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +3 min

New York CNN —A federal judge in Fort Worth, Texas, on Friday blocked a new Biden administration rule that would prohibit credit card companies from charging customers late fees higher than $8. “Consumers will shoulder $800 million in late fees every month that the rule is delayed — money that pads the profit margins of the largest credit card issuers. The new rule would apply to large credit card issuers — those with more than 1 million accounts. The push to target credit card fees is part of the Biden administration’s efforts to ease financial burdens for many Americans. The new rule also intended to close a 2010 loophole the CFPB says has been “exploited” by credit card companies to hike fees on late payments.

Persons: Mark T, Pittman, Donald Trump, ”, Chuck Bell, Biden Organizations: New, New York CNN, Biden, US, Chamber of Commerce, Consumer Financial, CNN, of Commerce, Consumer Locations: New York, Fort Worth , Texas

☆ George Santos may get to enjoy all sorts of exclusive, lawmakers-only perks — including the ability to walk onto the House floor — even if he's expelled
▼ + stars: | 2023-11-27 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +6 min

That includes access to the House floor, lawmakers-only gym and dining facilities, and more. AdvertisementRep. George Santos of New York may be expelled from the House as soon as this week. Those privileges — which would also apply if he resigned — typically include the ability to walk onto the House floor, use lawmakers-only facilities, and even purchase (and perhaps auction off) their own office furniture. In other words, George Santos may be able to keep LARPing as a member of Congress if he's expelled. Sen. Markwayne Mullin, a former House member, hanging out with former Speaker Kevin McCarthy on the House floor on November 27.

Persons: George Santos, —, Santos, that's, Daniel Schuman, he's, it's, Republican Sen, Markwayne Mullin, — Santos, ", Schuman, George Santos —, — you've, auctioning, Sen, Kevin McCarthy, Tom Williams, they've Organizations: Service, Republican, POPVOX, —, Congressional Research Service, United States Association, Former, Congress, Getty Locations: George Santos of New York, Oklahoma, loitering

☆ Gov. Chris Sununu: This Is How to Beat Trump - The New York Times
▼ + stars: | 2023-08-21 | by ( Christopher T. Sununu | ) www.nytimes.com time to read: +2 min

To win, they must break free of Mr. Trump’s drama, step out of his shadow, go on offense, attack, and present their case. While the other Republican candidates are running to save America, Mr. Trump is running to save himself. Chris Christie, who has done great work exposing Mr. Trump’s weaknesses, must broaden his message and show voters that he is more than the anti-Trump candidate. If Mr. Trump is the Republican nominee for president in 2024, Republicans will lose up and down the ballot. And Mr. Trump, ever the narcissist, will spend the entire campaign whining about his legal troubles and bilking his supporters of their retirement savings to pay for his lawyers.

Persons: Donald Trump, Trump, Tim Scott, Ron DeSantis, Vivek Ramaswamy, Chris Christie, —, Jimmy Carter, Joe Biden’s, Trump’s, bilking Organizations: Republican, Trump, Associated Press, NORC, for Public Affairs Research, statehouse, Republicans Locations: America, Iowa, New Hampshire

☆ Would a conviction sink Trump? These Republicans are convinced
▼ + stars: | 2023-08-21 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +8 min

The question alarming many Trump-skeptical Republicans this week is whether Americans would ever send a convict to the White House. Sununu dismissed national polls that show Trump’s support among Republicans well over 50% and said to look at polling in early contest states. A new poll in Iowa by the Des Moines Register/NBC News/Mediacom suggests Trump has the support of 42% of likely Republican caucusgoers. Opposing views of Trump’s supportCNN’s Harry Enten looked at that Iowa poll and argues that much of Trump’s support is committed. Two-thirds of the likely caucusgoers who say they will support Trump also say their mind is made up.

Persons: Trump, J, Michael Luttig, Joe Biden, ”, Sen, Bill Cassidy, Cassidy, couldn’t, Scott Jennings, Jennings, Luttig, Tucker Carlson, It’s, Chris Sununu, …, ” Sununu, Joe Biden’s, Trump’s, bilking, Franklin Delano Roosevelt, Sununu, That’s, caucusgoers, Ron DeSantis, South Carolina Sen, Tim Scott, Harry Enten, What’s, Donald Trump can’t, –, ” Enten, Biden, “ Donald Trump Organizations: CNN, Trump, New, Louisiana Republican, Republicans, Republican, White, Quinnipiac University, GOP, –, Fox News, New Hampshire Gov, The New York Times, statehouse, Sunday, Democratic Party, Des Moines Register, NBC, caucusgoers ., caucusgoers . Florida Gov, South Locations: Atlanta, Milwaukee, New York, Florida, Iowa, New Hampshire, Washington ,, Georgia, Louisiana, “ State, America, “ Both Iowa, caucusgoers . Florida, South Carolina, caucusgoers

☆ Ponzi Schemer Freed From Prison by Trump Faces New Fraud Charges
▼ + stars: | 2023-07-19 | by ( Ed Shanahan | More About Ed Shanahan | ) www.nytimes.com time to read: +1 min

A convicted Ponzi schemer, whose prison sentence President Donald J. Trump commuted in one of his last official White House acts, is facing new fraud federal charges of bilking investors in a series of phony deals. The man, Eliyahu Weinstein, a former used car salesman from Lakewood, N.J., was serving a 24-year sentence in connection with two schemes, when Mr. Trump freed him from prison in January 2021. One involved defrauding members of his tight-knit Orthodox Jewish community out of more than $200 million. On Wednesday, federal prosecutors in New Jersey charged Mr. Weinstein, 48, along with four other men, with defrauding at least 150 people out of $35 million. “These were brazen and sophisticated crimes that involved multiple conspirators and drew right from Weinstein’s playbook of fraud,” Philip R. Sellinger, the U.S. attorney for New Jersey, said at a news conference.

Persons: Donald J, Trump, Eliyahu Weinstein, Weinstein, Philip R Organizations: White Locations: Lakewood , N.J, New Jersey, Covid, Ukraine, U.S

☆ An epic fight over how real-estate agents get paid could transform the housing market forever
▼ + stars: | 2023-06-26 | by ( James Rodriguez | ) www.businessinsider.com time to read: +15 min

Trying to find a buyer and sifting through offers sounds like a nightmare, so you hire a real-estate agent. The seller might no longer pay out both agents' commissions after the sale closes. Despite the potentially earthshaking consequences, most local real-estate agents — who, to be fair, have more pressing short-term concerns — have largely ignored the cases. "They not only have to pay a buyer's agent commission, but they can't negotiate that commission," Brobeck said of sellers. "It just doesn't make any sense for the seller to have to pay the buyer's agent," Brobeck told me.

Persons: —, Sitzer, that's, Max, Keller Williams, Sellers, Brokerages, Stephen Brobeck, Brobeck, Moehrl, Wager, Katie Johnson, you'll, Johnson, Buyers, Nicholas Economides, homebuyers, Trump, Everyone's, Rob Hahn, Steve Marcus, David Eisenstadt, Eisenstadt, Hahn, James Rodriguez Organizations: National Association of Realtors, NAR, Realtors, MLS, Consumer Federation of America, New York University, CFA, Realtor.com, REUTERS, Berkeley Research Group, Justice Department's Antitrust Locations: America, Missouri, Illinois, MLSs, Houston , Texas, Australia, Netherlands, United Kingdom

☆ Is indicted Chinese billionaire tycoon Guo Wengui secretly bankrolling George Santos's bail?
▼ + stars: | 2023-06-01 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +10 min

In recent months, he's become supportive of exiled Chinese tycoon and Republican patron Guo Wengui. There's a very strong chance that one person putting up the money — directly or indirectly — is the jailed exiled Chinese billionaire tycoon Guo Wengui. Even Ghislaine Maxwell and SBF didn't get this kind of secrecySantos certainly doesn't want us to know who these bond sponsors are. (An affinity for using multiple names, which are variations of each other, is something Guo shares with George Anthony Devolder Santos.) So, is Guo one of Santos's bail sponsors?

Persons: George Santos's, you'll, Santos, he's, Guo Wengui, —, George Santos, Ghislaine Maxwell, SBF didn't, Joanna Seybert, Jeremy A, Chase, Alexandra Settelmayer, Davis Wright Tremaine, Lokman Vural, Sam Bankman, Larry Kramer, Andreas Paepcke —, Lewis Kaplan, Jeffrey Epstein, Epstein, Maxwell, Guo, Steve Bannon, Forbes, Miles Kwok, Carlo Allegri, Bannon, Miles Guo, George Anthony Devolder Santos, Cait Corrigan, Santos didn't, Joe Murray, Guo didn't, Santos doesn't Organizations: Service, Rep, Republican, New York Times, US, Federal, Anadolu Agency, Getty, Stanford University, REUTERS, New Federal, Chinese Communist Party, Law Foundation, Law Society, Santos, Justice Department Locations: New York, Long, Santos, Washington, DC, Central Islip, Central Islip , New York, Manhattan, United States, China, New Federal State of China, New Federal State

☆ TikTok CEO Shou Zi Chew has the internet eating out of his hand
▼ + stars: | 2023-03-25 | by ( Hallam Bullock | ) www.businessinsider.com time to read: +4 min

Well, court filings have laid bare the company's excessive spending habits on luxury estate, hotels and, of course, a yacht. Shou Zi Chew said the average TikTok user was "an adult well past college age." Wall Street says TikTok CEO Shou Zi Chew had a "disaster" day in Congress. Wall Street may have dubbed Chew's testimony a "disaster," but by the end of it, Chew had the internet eating out of his hand. Google Bard is already behind in the AI wars.

DENVER — The businessman accused of swindling people out of their life savings by promising to build them tiny homes and not delivering is now the target of a police investigation. Matt Sowash, founder of the Colorado-based nonprofit Holy Ground Tiny Houses, has also filed for bankruptcy, court records revealed Wednesday. A 14' tiny home featured on the Holy Ground Tiny Homes YouTube channel. Tiny homes have been touted as a solution to homelessness and an affordable way for many to put a roof over their heads as home prices across the country have skyrocketed. Holy Ground Tiny Homes.

☆ They put their faith in a God-fearing man selling them tiny homes. Now they’re suing him for fraud.
▼ + stars: | 2022-09-20 | by ( Deon J. Hampton | Deon J. Hampton Is A National Reporter For Nbc News. | ) www.nbcnews.com time to read: +9 min

Developer Matt Sowash, founder of the Colorado-based nonprofit Holy Ground Tiny Homes, promoted the small residences on social media, including to his 80,000 TikTok followers, with short videos portraying an upbeat, God-fearing man selling the American Dream — affordable homes with financing and no credit checks. Holy Ground Tiny Homes. A 14-foot tiny home featured on the Holy Ground Tiny Homes YouTube channel. Davis filed a lawsuit against Holy Ground in August in U.S. District Court in Colorado, seeking a refund and other damages. When the deadline approached, Holy Ground informed her that delivery would be delayed.

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