Month: February 2021

Kathy Kraninger, former president Donald Trump’s appointee to head the Consumer Financial Protection Bureau. Andrew Harrer/Bloomberg via Getty Images “Big deal” Both are a type of qualified mortgage, a category that carries legal protections for lenders from consumer lawsuits. That may happen, for example, if borrowers can’t make monthly payments and lose their homes to
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A healthcare worker holds a dose of the Johnson & Johnson vaccine against the COVID-19 coronavirus before administering it to another as South Africa proceeds with its inoculation campaign at the Klerksdorp Hospital on February 18, 2021. Phill Magakoe | AFP | Getty Images The United States stands ready to deliver up to 4 million
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The Federal Reserve’s system that allows financial institutions to send money back and forth electronically went down Wednesday afternoon. The interruption impacted multiple Fed services, including its pivotal automated clearinghouse system, which connects depository and related institutions send electronic credit and debt transfers. Along with the Fed ACH service, other systems impacted included the Check
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For “Shark Tank” investor Kevin O’Leary, making videos on Cameo is a lucrative side hustle. “People ask me all the time about Cameo. It’s my side hustle,” O’Leary, chairman of O’Shares ETFs, tells CNBC Make It. On Cameo, customers can pay for personalized video shout-outs from thousands of celebrities, from Carole Baskin from Netflix’s “Tiger
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Pavlo Gonchar | LightRocket | Getty Images The firm that provides clearing and settlement services for brokers proposed shortening the time it takes to settle a trade, amid the GameStop controversy that caused brokerages like Robinhood to restrict trading. The Depository Trust & Clearing Corporation, or DTCC, outlined what a T+1, or one-day settlement period,
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MoMo Productions | Getty Images Millions of self-employed and gig workers got good news this week. The Biden administration on Monday changed how the Small Business Administration’s Paycheck Protection Program calculates forgivable loans for the smallest firms and sole proprietors. But there’s a catch. The updated formula — which will likely lead to larger loan
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Shoppers wearing protective masks wait in line to enter a Lowe’s Cos. store in San Bruno, California, U.S., on Wednesday, May 20, 2020. David Paul Morris | Bloomberg | Getty Images Lowe’s said Wednesday that its fourth-quarter same-store sales climbed 28.1%, as consumers continued to spend money on home projects during the pandemic. That’s higher
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Elizabeth Holmes, founder and former CEO of Theranos, arrives for motion hearing on Monday, Nov. 4, 2019, at the U.S. District Court House inside Robert F. Peckham Federal Building in San Jose, California. Yichuan Cao | NurPhoto | Getty Images The mystery of what happened to critical evidence proving Theranos’ blood-testing technology didn’t work deepened
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Touch screen, fingerprint scanner, biometric identity of a woman’s hand in a blurred background . getty There’s a new wave of class action lawsuits, and biometric data privacy is the target. Biometric technology is the engine that powers things like the touch ID or facial recognition software on your cellphone, your fingerprint scans at the
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