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The U.S. banking industry won a key victory in its effort to block the implementation of a Consumer Financial Protection Bureau rule that would've drastically limited the fees that credit card companies can charge for late payment. The CFPB estimates that the rule would've saved American families $10 billion a year in fees paid by those who fall behind on their bills. It would've capped late fees that are typically $32 per incident to $8 each and limited the industry's ability to hike the fees. "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," a CFPB spokesman told CNBC on Friday. The CBA said it will continue to press its case in the courts on why the CFPB rule should be "thrown out entirely."
Persons: Rohit Chopra, Mark Pittman, would've Organizations: Consumer Financial Protection Bureau, Banking, Housing, Urban Affairs Committee, Washington , D.C, Financial, Bureau, Northern, Northern District of Texas, U.S . Chamber of Commerce, U.S, CNBC, Consumer Bankers Association, District, CBA Locations: Washington ,, U.S, Northern District
Mumbai, India CNN —As Indians head to the polls in a massive ongoing nationwide election, much attention has focused on the country’s explosive growth under Prime Minister Narendra Modi’s leadership. There is expected to be 740 million active smartphone users in India by 2030, according to EY India. “I wanted to make similar shoes that were printed with ‘Made in India,’” Shah says. After four years of trial and error, Shah Shoes was born. Some 17 years on, Shah Shoes has helped support his family back in Bihar, including six siblings.
Persons: Narendra Modi’s, — Modi, Javed Khatri, Noemi Cassanelli, he’d, Khatri, , , , , Apoorva Mukhija, , Instagram, Mukhija, ” Mukhija, That’s, she’s, she’d, Jameel Shah, CNN Jameel Shah, Shah, wasn’t, CNN Shah, Kylie Minogue, ” Shah, , ’ ” Shah, Shah Shoes, Priyanka Chopra, Katrina Kaif, He’s, Modi’s Organizations: India CNN, Bharatiya Janata Party, BJP, CNN, EY, World Bank, Facebook Locations: Mumbai, India, , Bangalore, Silicon, , EY India, Dubai, London, California, , Delhi, Bihar, India’s, Dharavi, Australian
She was my best friend and now celebrating holidays like Mother's Day hurt so much. AdvertisementOnly two years ago, Mother's Day was a wonderful, beautiful holiday. They announced families were invited to an upcoming Mother's Day brunch and she wanted to show off her family to her new friends. Related storiesI was there every day of her nightmarish 50-day stay, visiting the hospital twice a day to meet with her medical team. No holiday has been the same since 2022 and Mother's Day is particularly painful.
Persons: , She'd, doesn't Organizations: Service
Jennifer Forness spent last Mother’s Day in tears. Because her husband had to work, Ms. Forness, an executive assistant who lives in Mount Pleasant, S.C., took their son, now 2, to visit her parents who live outside Philadelphia. For Mother’s Day this year, Ms. Forness, 36, and five girlfriends who are also mothers, are planning to check into Wild Dunes Resort, a hotel about 16 miles east of Charleston, for an overnight stay. “And we are going to have drinks.”Mother’s Day has long come with connotations that mothers spend it with the very people who made them so — and it usually involves brunch, cards and flowers (or floral prints). Yet some mothers are shedding those expectations and doing whatever they want — including shedding their families.
Persons: Jennifer Forness, Forness, , , Kendel Jamieson Christoff Organizations: Wild Locations: Mount Pleasant, S.C, Philadelphia, Charleston
Ms. Specht was a copywriter at the McCann-Erickson (now McCann) agency in Manhattan. L’Oréal was using Preference, a relatively new product, to challenge the market dominance of Clairol’s Nice ‘n Easy. “We were sitting in this big office and everyone was discussing what the ad should be,” Ms. Specht told Malcolm Gladwell of The New Yorker in 1999. “They wanted to do something with a woman sitting by a window and the wind blowing through the curtains. You know, one of those fake places with big glamorous curtains.
Persons: Ilon Specht, Brady Case, Ms, Specht, McCann, Erickson, L’Oréal, Malcolm Gladwell, , Organizations: Yorker Locations: Barrington, R.I, Providence, Manhattan
Federal authorities on Friday charged Fat Brands and its chair Andy Wiederhorn of committing a brazen scheme that netted him $47 million in bogus loans from the restaurant company that owns Fatburger, Johnny Rockets and Twin Peaks. Fat Brands, Wiederhorn and a few other people were criminally indicted by a federal grand jury in Los Angeles for wire fraud, tax evasion and other counts related to the alleged scheme. "These charges are unprecedented, unwarranted, unsubstantiated and unjust," Fat Brands counsel Brian Hennigan said in a statement. As chief executive of Fat Brands, Wiederhorn, 58, allegedly directed the company to loan its own funds to him, with no intention of ever paying the "sham" loans back, according to the indictment. He also did not report any of the so-called loans from Fat Brands as income, according to the indictment.
Persons: Andy Wiederhorn, Johnny, Brian Hennigan, Wiederhorn, overreach —, Nicola Hanna, Wiederhorn's, Thayer, Ron Roe, Rebecca Hershinger, William Amon Organizations: Brands, Johnny Rockets, U.S . Securities, Exchange Commission, Fat Brands, SEC, Fog, Wiederhorn Locations: Los Angeles, Oregon, U.S
Less than four years later, Google acquired it for more than $500 million. AdvertisementWith Hassabis at the helm, the Google DeepMind is at the forefront of Google's AI push. Speaking about Suleyman, Hassabis told the newspaper: "Most of what he has learned about AI comes from working with me over all these years." AdvertisementLondon callingOne of Suleyman's first moves as Microsoft's newly installed AI chief was to launch an AI hub in London, which is also home to Google DeepMind. The move could prove savvy for Microsoft as major tech companies eye up Google's high-quality pool of AI talent.
Persons: , Microsoft's Mustafa Suleyman, Suleyman, Hassabis, Shane Legg, Eric Schmidt, Schmidt, he's, he'd, Suleyman didn't Organizations: Service, University of Cambridge, Business, Google, Big, The New York Times, Fast Company, Microsoft, Greylock Partners, Hassabis Locations: London, DeepMind
James Lemons was carrying daughter Kensley on his shoulders at the Kansas City Chiefs Super Bowl parade when he felt a bullet enter the back of his right thigh. In the chaos of being shot at the Kansas City Chiefs Super Bowl parade, then hospitalized, Sarai Holguin lost her purse and cellphone. In the chaos of being shot at the Kansas City Chiefs Super Bowl parade, then hospitalized, Sarai Holguin lost her purse and cellphone. A bullet went through the jaw of Mireya Nelson during the Kansas City Chiefs Super Bowl parade on Feb. 14, 2024. Erika NelsonMireya Nelson, who was shot during the Kansas City Chiefs Super Bowl parade on Feb. 14, 2024, undergoes her first physical therapy session while still in the hospital.
Persons: James Lemons, Sarai Holguin, Mireya Nelson, it’s, ” Lemons, Nelson, Lemons, Kensley, Detectives, , , Jaxson, “ I’m, Brandie, I’m, “ I’ve, I’ll, Leslie Carto, Brendan Campbell, Campbell, Louis, ” Punch, Bram Sable, , They’ve, ’ Sarai Holguin, Holguin, she’d, Cesar, Christopher Smith, Lisa Lopez, Galvan, Lopez, didn’t, ” Holguin, “ It’s, ” Campbell, Holguin isn’t, Erika, Mireya, ” Mireya, ” Erika, aren’t, Punch, Erika Nelson Mireya Nelson, Erika Nelson Mireya, , Dr, Sanjay Gupta, Erika doesn’t Organizations: CNN, Kansas City Chiefs Super, Chiefs, University Health, ” University Health, Surgeons, Connecticut Children’s, Control, American College of Surgeons, Trauma, KFF, Union, KFF Health, Mexican Consulate, Centers for Disease Control, Get CNN, CNN Health, KC Locations: Mexico, U.S, Holguin, Harrisonville , Missouri, Kansas City, Connecticut, St, Puebla, Missouri, Mexican, Jackson, Belton , Missouri, downtown, KCUR
Read previewOur immediate family has been small for most of my son's life — just the two of us. AdvertisementI wanted something different for my son and his familyWhile I'm still very privileged and have a front-row seat to my son's life, I don't take any of it for granted, nor does my son. I know I'm not entitled to be the leader in his life. It's interesting to let go of control and allow my son lead my position in his life. I couldn't ask for a better partner for my son, and I can't wait to see how life unfolds for them.
Persons: , I've, I'm, he's, Johnathan, Stephanie, it's Organizations: Service, Business
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. Led by the U.S. Chamber of Commerce, the card industry in March sued the CFPB in federal court to prevent the new rule from taking effect. That could hold up the regulation, which would slash what most banks can charge in late fees to $8 per incident, just days before it was to take effect on Tuesday. The credit card regulation is part of President Joe Biden's broader election-year war against what he deems junk fees. Big card issuers have steadily raised the cost of late fees since 2010, profiting off users with low credit scores who rack up $138 in fees annually per card on average, according to CFPB Director Rohit Chopra.
Persons: Tobin Marcus, Joe Biden's, Rohit Chopra Organizations: Financial, Bureau, U.S . Chamber of Commerce, D.C, Northern District of, Wolfe Research Locations: Texas, Washington, Northern District, Northern District of Texas
A UK couple confessed to multiple 'dine and dash' offenses, accruing over $1,400 in unpaid bills. 'Dine and dash' offenses are on the increase in the UK, a police official said. AdvertisementA couple from the UK admitted to committing several "dine and dash" offenses, running up unpaid bills worth more than $1,400, according to multiple reports. Bernard McDonagh, 41, and his 39-year-old wife Ann, of Port Talbot, pleaded guilty on Wednesday to failing to pay restaurant bills, the BBC reported. Between August last year and April, the couple ran up vast bills at four restaurants, as well as a Chinese takeout.
Persons: , Bernard McDonagh, Ann, Ciao, Bella Ciao, Shirley Xue, Donna Jones, MailOnline Organizations: Service, BBC, Fortune, Golden Fortune, Telegraph Locations: Port Talbot, Swansea
Barron Trump gets into politics
  + stars: | 2024-05-09 | by ( Brent D. Griffiths | ) www.businessinsider.com   time to read: +2 min
Barron Trump is set for to share in Donald Trump's big moment. Trump's youngest son will be a delegate to this July's Republican National Convention. Florida Republicans selected Barron Trump, 18, as an at-large delegate to the Republican National Convention in Milwaukee this July. Tiffany Boulos, Trump's youngest daughter, and her husband, Michael, are also at-large delegates. Trump, who also served in the Trump administration, said she would stay away from her father's bid to reclaim the White House.
Persons: Barron Trump, Donald Trump's, , Trump, Barron, Juan Merchan, Donald Trump Jr, Eric Trump, Tiffany Boulos, Michael, Kimberly Guifoyle, Ivanka Trump, Jared Kushner, Ron DeSantis, Joe Biden Organizations: Republican National Convention, Service, Florida Republicans, Politico, NBC, Republican, Former Fox News, Trump Jr, White, Sunshine, Florida Gov, Trump Locations: Milwaukee, Florida
How Mother Figures Impact Our Lives
  + stars: | 2024-05-09 | by ( Catherine Pearson | ) www.nytimes.com   time to read: +13 min
For Mother’s Day, The Times asked readers to tell us about the mother figures in their lives. KELLY SANDOVAL, 48, SQUAMISH, B.C., CANADAI come from a multicultural background, but the Puerto Rican side of the family lived far away. When I showed up, Linda, my host mother, picked me up from the bus stop and made me tea and crumpets. If I had a nightmare and woke my mother up, she would tell me to climb into bed with Rita. During that year I also moved into my first apartment, away from the guidance of my mother.
Persons: Sara Walcott, , , Walcott, Ruth, she’d, JUDITH SHAPIRO, Halbeck, ZEVA OELBAUM, Jacqueline, ” Jacqueline, It’s, JESSICA CHAHINE, Patty, darlin, KELLY SANDOVAL, Alina, “ Fallon, FALLON ALVAREZ, Linda, We’re, BELLA MUNTZ KIRCHNER, AUSTIN , TEXAS Tenzin, CHANTAL TORTOROLI ROBERTS, Mom, idealists, ANNETTE EUFEMIO, Miss Jordan, MARJORIE GEORGE, Yoshibe, I’m, MARY HAYES, Viola, Lois, Aunt Flossy, Frankye, DOUG MOURER, MANSON, Colleen, WENDY, Greenberg, Bach, MANUEL FIGALLO, Rita, HARRIET LISS, MARY EILEEN CONNERY McDONNELL, Wilma, Ella Fitzgerald, Judy Garland, MADLYN DICKENS, Dunn, , Parkinson’s, I’ve, ” GENEVIEVE GEER, ANYA SANCHEZ, mami ”, Kitty ” —, KITTY CHACHRA Organizations: The Times, SOUTH, CANADA, Radio City Music Hall, Miss, Gloucester Cathedral, THE, The Locations: Macon , Ga, McLEAN , VA, Kansas City, Mo, New York, MONTCLAIR, N.J, France, Paris, SQUAMISH, Puerto Rican, PORTLAND, Cambridge, England, AUSTIN , TEXAS, LARCHMONT, MANILA, PHILIPPINES, BROOKLYN, N.Y, Japan, INDIANAPOLIS, Walla Walla, Wash, Northern Idaho, Swedish, Seattle, I’m, BELLINGHAM, ARLINGTON , VA, STAMFORD, CONN, GEORGETOWN, THE BRONX, MARATHON, Cava, Spain, BOULDER, COLO, India, Toronto, longhand, Delhi, WATERLOO , ONTARIO
While I dread these altercations, I think some passengers need to chill out — people have the right to recline their seat. So, you’d think that 150 lighter seats per flight will certainly save an airline a ton of money. A lighter seat that doesn’t recline is also a seat that is less likely to break, which saves an airline money in repairs. But after 28 years in the job, I’ve found there’s some basic reclining etiquette that makes for a smoother flight for everyone. But on coach, middle seat passengers struggle to type because there’s no arm space.
Persons: Heather Poole, Read, , Coke, , he’s, you’ll, “ I’ve, aren’t, I’ve, it’s, Shaquille O’Neal Organizations: Passengers, CNN, Air, American Airlines Locations: London, New York, Air France, Europe
The woman, Stormy Daniels, answered questions from Manhattan prosecutors for several hours Tuesday before Mr. Trump’s lawyers began cross-examining her, and she will return to the stand Thursday. After that encounter, his bodyguard, Keith Schiller, told Ms. Daniels that Mr. Trump would like to have dinner with her, she said. Image Mr. Trump has denied the charges against him, and having had sex with Ms. Daniels. Mr. Trump was wearing “silk or satin” sleepwear, Ms. Daniels testified; after she cracked a joke — “Does Mr. Hefner know you stole his pajamas?” — he changed his clothes. At the time, Mr. Trump was about to secure the Republican Party’s presidential nomination.
Persons: Stormy Daniels, Donald J, Trump, Daniels, , Ms, Keith Schiller, Schiller, Melania, Sarah Yenesel, Michael D, Cohen, Hefner, Ivanka, T.J . Kirkpatrick, ” Mr, Susan Necheles, Necheles, Mr Organizations: Wicked Pictures, Credit, Mr, Prosecutors, Trump Organization, The New York Times, Old, Republican Locations: Manhattan, Tahoe, Nev, American
"The circumstances surrounding Roger's death raise serious questions that demand immediate answers from authorities, especially considering the alarming witness statement that the police entered the wrong apartment," Crump said. AdvertisementThis photo provided by the US Air Force shows Senior Airman Roger Fortson. US Air Force via APThe sheriff's office did not immediately respond to a request for comment on the attorney's claims. He reportedly said, "I can't breathe" while on the ground after being shot, Crump said, repeating a witness account of the event. Chantimekki Fortson, mother of Roger Fortson, a US Air Force airman, is comforted as she speaks about her son during a news conference regarding his death.
Persons: , Roger Fortson, Ben Crump, Fortson, Crump, Roger, GulfLive.com, Chantimekki Fortson, Gerald Herbert, Military.com, Eric Aden Organizations: Service, Special Operations, Business, Sheriff's, US Air Force, AP, Air Force, Florida Department of Law Locations: Florida, Fortson's, Okaloosa, Okaloosa County, Aden
A federal appeals court on Thursday rejected a request by Hunter Biden to toss the pending criminal gun case against him, saying that his appeal was premature. The ruling clears the way for Hunter Biden's trial in the case to start on June 3 in U.S. District Court in Delaware. Biden is the son of President Joe Biden. The appeals panel, whose decision was unanimous, did not rule on the merits of Biden's arguments that the indictment should be dismissed. If Biden is convicted at trial, he could renew the arguments for dismissal with the same appeals court that it declined to consider in its order Thursday.
Persons: Hunter Biden, Joe Biden, Hunter Biden's, Biden, Abbe Lowell, Lowell, Maryellen Noreika Organizations: Republican, O'Neill, 3rd Circuit U.S, Circuit, Supreme, U.S, District, Republicans Locations: Washington , U.S, U.S, Delaware, Congress
Tyler Boebert, son of GOP Rep. Lauren Boebert, says he still doesn't have a lawyer for his criminal case. AdvertisementGOP Rep. Lauren Boebert's teenage son, Tyler Boebert, appears to have dragged his feet in getting a lawyer to represent him in his criminal case. Police say Tyler Boebert was spotted in a Colorado store where a stolen credit card was used. I wish you'd turned in that application a little sooner," Neiley told Tyler Boebert. Rep. Lauren Boebert.
Persons: Tyler Boebert, Lauren Boebert, , Lauren Boebert's, I've, John Neiley, you'd, Neiley, Boebert, wouldn't, Elizabeth Frantz, Tyler Organizations: GOP, Service, Courthouse, Judicial, Police, Rifle Police Department, The Washington, Getty, Colorado congresswoman Locations: Colorado, Colorado's Garfield, Garfield, , Colorado, Rifle , Colorado
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview"One Tree Hill" star Chad Michael Murray's perspective on his acting career lately has been influenced by fatherhood. Murray and his wife Sarah Roemer, who co-starred on the TV show "Chosen," have three children together. The pair haven't publicly disclosed any of their names, but occasionally share photos of their kids on social media. "I don't want my kids going to school, being freshman in high school, and dad's butt posted all over their locker," Murray explained.
Persons: , Chad Michael Murray's, Murray, Sarah Roemer, he's, Roemer, Jim Kelly's, Sarah, I've, We've, emoji, Numéro Organizations: Service, Numéro, Business, Us Weekly, Buffalo Bills, Entertainment, Netflix
Hong Kong CNN —Chinese search engine giant Baidu has found itself in a public relations crisis, thanks to its own PR chief. Qu, Baidu's vice president and head of communications, has sparked backlash over her comments endorsing a tough workplace culture. China’s young workers have increasingly spoken out against the harsh workplace culture that has come to dominate many industries. Qu had asked all members of the PR team to create their personal accounts, according to the person, who requested anonymity. A former Baidu employee said Qu brought Huawei’s aggressive corporate culture with her to Baidu.
Persons: Qu Jing, Qu, I’m, ” Qu, , , Jing, China’s, Ivy Yang, ” Yang, Alibaba, Jack Ma, Ma, Baidu, Cristina Organizations: Hong Kong CNN, Baidu, Xinhua, Huawei, CNN Locations: China, Hong Kong, Weibo
When I was married, Mother's Day was a much-needed break from parenting responsibilities. I still cherish the mug he gave me on my last pre-divorce Mother's Day. But I'd be lying if I said that celebrating Mother's Day as a single mom hasn't been a difficult, and sometimes lonely, transition. "After all, you deserve compassion on this day most of all, and it's a wonderful gift to yourself on Mother's Day." Nassar said spending the day with others can help make Mother's Day as a single mom easier.
Persons: Mother's, hasn't, I'm, I'd, Carl Nassar, it's, I've, Nassar, brunch Organizations: Service
CNN —Former President Donald Trump’s youngest son, Barron Trump, was selected by the Florida GOP as an at-large delegate for Florida at the Republican National Convention, according to a list of delegates obtained by CNN. Barron joins several other family members – Donald Trump Jr., Eric Trump and Tiffany Trump – who were also selected. Before Donald Trump’s hush money criminal trial began, his attorneys had asked for May 17 off so that he could attend Barron’s graduation. The Republican National Committee will hold its convention in Milwaukee in July. Last month, the RNC asked the Secret Service to keep protesters farther back from the convention than is currently planned.
Persons: Donald Trump’s, Barron Trump, Barron, – Donald Trump Jr, Eric Trump, Tiffany Trump –, Steve Witkoff, Trump’s, Sergio Gor, Trump, Todd Steggerda, , , Alexi Worley, ” Donald Trump, CNN’s Kate Sullivan, Shania Shelton, Daniel Strauss Organizations: CNN, Florida GOP, Florida, Republican National Convention, Trump, NBC News, Republican National, RNC, Service, Secret Locations: Florida, Milwaukee, Milwaukee’s
As he walks into the courtroom at 9:30 a.m. each day of his trial, Donald J. Trump scans the benches for familiar faces. He has glared at George Conway, an antagonist who is reporting on the former president’s criminal case for The Atlantic magazine. He smiled at Greg Kelly, a reliably pro-Trump host on Newsmax, who was in court on Thursday. Several days ago, Mr. Trump was accompanied by Ken Paxton, the attorney general of Texas, and David McIntosh, the head of the anti-tax Club for Growth. During excruciating testimony about a story of extramarital sex, Mr. Trump’s son Eric was one of his sources of support, sitting behind him in court.
Persons: Donald J, George Conway, Greg Kelly, Rick Scott of, Trump, Ken Paxton, David McIntosh, Trump’s, Eric Organizations: Trump, The, Growth Locations: Rick Scott of Florida, Texas
In 1964, Robert Owen Lehman Sr., a philanthropist and art collector who led the Lehman Brothers investment firm through the Great Depression, bought a small drawing by the Austrian artist Egon Schiele. A few weeks later, his son Robert Owen Lehman Jr. says, he received the drawing, a portrait of a rosy cheeked woman with a soft smile, from his father as a holiday gift. The collectors, Karl Mayländer and Heinrich Rieger, were associates of Schiele in Austria, and their heirs have each claimed ownership of “Portrait of the Artist’s Wife,” a depiction of Edith Schiele. Mayländer was a textile merchant who is depicted in at least two Schiele portraits. Both men were killed by the Nazis during World War II.
Persons: Robert Owen Lehman Sr, Egon Schiele, Robert Owen Lehman Jr, Karl Mayländer, Heinrich Rieger, Edith Schiele, Mayländer, Rieger Organizations: Lehman, Schiele Locations: Austrian, Austria
Donna Kelce says she and her ex-husband Ed decided to stay married until their sons finished college. Both parents still regularly attend their sons' NFL games, sometimes with Taylor Swift. AdvertisementDonna Kelce, 71, says she and ex-husband Ed decided to divorce only after their sons Jason and Travis Kelce graduated from college. AdvertisementThe Kelce family lived in Cleveland Heights, Ohio, and both Jason and Travis went on to study and play football at the University of Cincinnati. Even though they have been separated for some time, both parents still regularly attend their sons' NFL games.
Persons: Donna Kelce, Ed, Kelce, Martha Stewart, Taylor Swift, , Jason, Travis Kelce, Travis, Sofía Vergara, Joe Manganiello, Kevin Costner, Christine Baumgartner, Reese Witherspoon, Jim Toth, Gwyneth Paltrow, Alex Kapp Organizations: NFL, Service, University of Cincinnati, Philadelphia Eagles, Kansas City Chiefs, Bowling Green State University's National, for Family Locations: Cleveland Heights , Ohio
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