Jun 06 Customer service chatbots used by banks raises concerns for consumer watchdog By Ken Sweet, Associated Press The regulator says poorly designed chatbots could run afoul of federal laws that govern how debts are collected or how personal information is being used. Continue reading
Jun 05 WATCH: When and how are you supposed to tip? By Nicole Ellis, Cecilia Lallmann The pandemic made consumers more generous. But they’re also tipping more because there are more requests for tips. Here’s what you should know. Continue reading
Jun 05 Cryptocurrency exchange Binance mishandled funds and violated securities laws, SEC lawsuit says By Fatima Hussein, Associated Press Filed in the U.S. District Court for the District of Columbia, the SEC lawsuit on Monday lists thirteen charges against the firm — including commingling and diverting customer assets to an entity Zhao owned called Sigma Chain. Continue reading
Jun 05 Federal watchdogs advise against storing money in payment apps, say those funds may be vulnerable By Ken Sweet, Associated Press Money stored on a payment app is not being held in a traditional bank account. So, if there is an event similar to a bank run with the payment apps, those funds may not be protected. Continue reading
Jun 03 Watch 2:41 News Wrap: Biden signs debt limit deal in final days before deadline In our news wrap Saturday, Biden signed the bipartisan deal to suspend the debt limit and avoid a potentially catastrophic default, three Israeli troops and an Egyptian officer died in an unusual shootout on the Israel-Egypt border, more than 280… Continue watching
Jun 03 Watch 6:59 What’s next after the debt limit deal for Congress and the presidential race By Lisa Desjardins, Harry Zahn After hammering out a deal to suspend the U.S. debt limit and avert a default disaster, leaders in both parties are already looking ahead. Bloomberg congressional reporter Erik Wasson and The 19th’s founder and editor at large Errin Haines join… Continue watching
Jun 02 Watch 5:54 White House adviser Gene Sperling discusses bipartisan deal to raise debt ceiling By Amna Nawaz Crisis averted. That's the message from lawmakers as the bill to raise the debt ceiling makes its way to President Biden's desk. For the White House perspective on the deal, Amna Nawaz spoke with senior adviser Gene Sperling. Continue watching
Jun 02 Watch 6:00 U.S. economy adds more jobs in face of inflation and interest rate hikes By Paul Solman, Diane Lincoln Estes, Shoshana Dubnow The latest jobs report shows the labor market remains strong despite rising interest rates. That's good news for workers but it complicates the Federal Reserve's efforts to curb inflation. Economics Correspondent Paul Solman looks at the connections between the labor… Continue watching
Jun 02 Biden orders 20-year ban on oil, gas drilling around tribal site in New Mexico By Morgan Lee, Associated Press The action Friday by Secretary of the Interior Haaland is intended to protect cultural and historic resources that tribal communities consider sacred. The order will apply only to public lands and federal mineral rights within a 10-mile radius. Continue reading
Jun 02 Both U.S. hiring and unemployment jumped last month. Here’s what that says about the economy By Christopher Rugaber, Associated Press Many industries, from construction to restaurants to health care, are still adding jobs to keep up with consumer demand and restore their workforces to pre-pandemic levels. Yet there were some mixed messages in the jobs figures. Continue reading