Federal Reserve fines Walmart-linked Green Dot Corp $44 million after customers lost access to funds
Green Dot Corp., a company that partners with Walmart to sell prepaid debit cards at the retail giant, has been fined $44 million by the Federal Reserve for ‘numerous’ alleged failures that harmed consumers over a period of at least five years. In a release Friday, the Fed said Austin-based Green Dot had violated consumer law and committed unfair and ...
Delta Air Lines CEO Ed Bastian apologized and offered frequent flyer miles to travelers for thousands of flight cancellations as the carrier struggled to recover from Friday’s globe-spanning IT outage, disruptions that sparked criticism from Transportation Secretary Pete Buttigieg. The Atlanta-based airline canceled more than 4,600 flights from Friday through Sunday, more than any other airline, according to aviation data firm OAG. ...
People aren’t boosting their savings much even as wages rise and inflation slows. Households socked away about 3.9% of their disposable income as of May, the latest federal data shows, down from 5.3% in May of last year, when consumer price increases and the job market were both running hotter. Today, the savings rate is back down to around its ...
For the first time, Israel has struck inside Yemen, following a deadly drone attack launched by Houthi rebels on Tel Aviv. Since the October 7 attacks by Hamas on Israel, the Houthis have been targeting shipping in the Red Sea in solidarity – they say – with Gaza. But these direct attacks on each other’s soil between the Israeli military ...
Millions of Venezuelans are expected to cast their ballots on Sunday, July 28, in what many see as the most consequential election in the country since strongman leader Nicolás Maduro came to power more than a decade ago. The vote pits the authoritarian Maduro – who has overseen unprecedented levels of poverty and emigration from the country – against Edmundo Gonzalez ...
Kochi, India — Authorities in southern India’s Kerala state are taking preventive steps after the death of a 14-year-old boy from the Nipah virus and the identification of 60 people in the high-risk category, the state’s health minister said on Sunday. Parts of Kerala are among those most at risk globally for outbreaks of the virus, a Reuters investigation showed last year. ...
Messages of gratitude and support for US President Joe Biden poured in following his stunning announcement Sunday that he is exiting the 2024 presidential race and endorsing Vice President Kamala Harris as the next Democratic nominee. It was the second seismic moment in US politics in just over a week, following the assassination attempt against former president Donald Trump at ...
A US Navy fighter pilot has become the first American woman to score a victory in air-to-air combat, the service has revealed. The female pilot, who was not named in the Navy release, was flying an F/A-18 Super Hornet off the aircraft carrier USS Dwight D Eisenhower as part of Strike Fighter Squadron 32, nicknamed the “Flying Swordsmen.” The aerial ...
Veteran environmentalist Paul Watson was arrested in Greenland on Sunday and faces possible extradition to Japan allegedly over anti-whaling activities in the Antarctic years ago, his organization said in a statement. The 73-year-old Canadian-American dual national was detained by police when his ship docked in the Greenland capital Nuuk to refuel, according to the Captain Paul Watson Foundation (CPWF) and ...
Prince George has turned 11, and as per tradition his proud parents have released an official portrait to mark the occasion. The young prince, who is second in line to the throne, is shown smiling and looking relaxed – though dressed smartly in a suit and shirt, accessorised with a friendship bracelet. Taken by the Princess of Wales, the black ...