Banking regulators are ordering Wells Fargo to repay billions of dollars to consumers for charging illegal fees and interest. Congressional leaders unveil a new spending bill. A lot of it is military funding, as well as record-high support for Ukraine. A new study finds that jobless benefits in many states pay more than regular jobs,…
NTD Business (Dec. 20): Study: Americans Paid Not to Work; Wells Fargo Ordered to Pay $3.7 Billion
NTD Business (Dec. 20): Study: Americans Paid Not to Work; Wells Fargo Ordered to Pay $3.7B
Banking regulators ordering Wells Fargo to repay billions of dollars to consumers for charging illegal fees and interest. Congressional leaders unveil a new spending bill. A lot of it is military funding, as well as record high support for Ukraine. A new study finds that jobless benefits in many states pay more than regular jobs, sometimes…
Bank of America Fined $225 Million for ‘Botched’ Disbursement of Jobless Benefits During Pandemic
WASHINGTON—Bank of America has been fined $225 million by a pair of U.S. banking regulators over what they called a “botched” handling of jobless benefits during the pandemic. The Office of the Comptroller of the Currency (OCC) and the Consumer Financial Protection Bureau (CFPB) said the bank had a faulty fraud detection program that improperly…
US Weekly Jobless Claims Unexpectedly Fall; Trade Deficit Widens Sharply
WASHINGTON—The number of Americans filing first-time claims for jobless benefits unexpectedly dipped last week while staying extremely high, with the labor market recovery appearing to stall as a raging COVID-19 pandemic threatens to overwhelm the country. Other data on Thursday showed layoffs announced by U.S. companies surged 18.9 percent in December. Still, the economy is…
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