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The Consumer Financial Protection Bureau introduced a new rule that would cap credit card late fees at $8, down from the typical $32 currently charged by most banks. This is estimated to save Americans $10 billion annually in late fees. The credit card industry, led by the US Chamber of Commerce, sued the CFPB in federal court to block this new rule from taking effect. A judge in Texas is expected to decide whether to grant an injunction requested by the industry that would freeze the new rule until the legal issues are resolved. Analysts expect the industry lawsuit will likely be successful, as Texas courts are viewed as favorable to corporations.
⏲ 0:47 👁 490K
The Consumer Financial Protection Bureau and the Department of Transportation held a joint hearing to discuss whether new regulations are needed for credit card reward programs and airline loyalty programs. Officials argue that for many consumers, the high fees and interest charged on travel rewards credit cards outweigh the value of the rewards and perks earned. Airline-branded credit cards can be much costlier than average cards, with annual fees as high as $650 and interest rates averaging more than 25% compared to no annual fees and about 24% for most cards. Loyalty programs are major revenue generators for airlines, with Delta earning $6.5 billion and Americans expecting 80% of revenue from loyalty members.
⏲ 0:53 👁 530K
President Biden will visit Wisconsin to announce a $3.3 billion investment by Microsoft to build an AI and data center facility in the politically important swing state. The facility will be constructed in Racine County, where Foxconn had previously planned a massive factory that was later scaled back significantly. Microsoft's project is expected to generate around 2,300 construction jobs and 2,000 permanent jobs overtime at the data center. The company will partner with a local college to train 1,000 people for data center roles and 1,000 business leaders in AI adoption by 2030.
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Shrouding HeavensEpisode 56 Multi Subs<br/><br/>3D Chinese Animation Factory, showcasing the best of Chinese animated works! <br/>We provide subtitles in English, Hindi, Indonesian, Vietnamese, Thai, Malay, Khmer, and Portuguese, allowing you to fully enjoy our exciting content!<br/><br/><br/>#donghuaworld<br/>#kartun<br/>#animasianak<br/>#nontonanime<br/>#dailymotion<br/>#AmatirTVofficial<br/>
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Rishi Sunak has said that \
⏲ 2:56 👁 600K
For decades, it’s been a riddle in banking: how do you build a sustainable and profitable business serving low and middle-income consumers? Sixteen years ago, Chris Britt, then chief product officer at Green Dot, believed he’d discovered the answer—direct deposit of paychecks. <br/><br/>Green Dot was selling prepaid debit cards to cash-strapped Americans without traditional bank accounts, and Britt saw that customers who had their paychecks automatically deposited into their Green Dot accounts used the card to pay virtually all their expenses. With each debit card swipe, Green Dot pocketed part of the interchange fees–the 1% to 2% charge merchants pay to accept debit and credit cards.<br/><br/>“The people on direct deposit were clearly the whales of the business,” says Britt, 51, the cofounder and CEO of Chime, the nation’s largest digital-only bank with $1.5 billion in annualized revenue and seven million customers using its cards for $8 billion a month in transactions.<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/jeffkauflin/2024/05/03/exclusive-the-inside-story-of-chime-americas-biggest-digital-bank/?sh=4f40891cfb0d<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
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A confused Georges Mikautadze thought his red card had been overturned, only to have to leave the pitch again.
⏲ 0:57 👁 655K
Watch: Pro-Palestine protesters gather outside Bisalloy's Unanderra factory.
⏲ 0:33 👁 2.2M
When a woman who once bore the title “Financial Applications Product Owner II” at an insurance company, starts a TikTok with “this is the sketchiest thing I’m doing to make extra money,” you might think she’s playing it up for drama. But Amber Smith, a 27-year-old from Des Moines, Iowa with an MBA, is dead serious. She’s swapped insurance for the influencer business (focusing her content on reselling clothes), and she’s been picking up $40 here and there with a scheme that sounds pretty shady.<br/><br/>“I’ve started selling tradelines on my credit cards,” Smith says in the video that has since garnered millions of views across the social mediasphere. “Essentially what this is, is if a person has bad credit, but they know that they need to get a mortgage or a car loan or something, they pay money to this website,” she says, referring to Tradeline Supply Company, a San Diego based broker. “This website matches them up with me based on what they’re looking for and I add them as an authorized user to my credit card.”<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/brandonkochkodin/2024/05/07/this-company-wants-you-to-rent-your-credit-history/?sh=58ff759f20e5<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
⏲ 5:15 👁 1.5M
A huge £150,000 cannabis factory has been discovered inside an industrial unit in Doncaster after officers acted on intelligence from the local community to execute a drugs warrant.<br/><br/>Yesterday afternoon (2 May), officers from Doncaster East Neighbourhood Policing Team raided a unit in Kirk Sandall as they executed a warrant under Section 23 of the Misuse of Drugs Act.<br/><br/>Inside, they found around 150 cannabis plants spread across two rooms, with the total estimated value of the Class B drugs coming to £150,000.<br/><br/>The plants have since been recovered from the premises and destroyed, with a 45-year-old man charged in connection with the incident.
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A large and powerful tornado formed outside a factory in Lincoln, Nebraska. Onlookers could only watch in awe at the sheer size of the twister as it destroyed everything in its path.
⏲ 4:41 👁 70.6M
Exploding Kittens New official trailer HD - Netflix- Plot Synopsis: Earth sucks, so God (Tom Ellis) gets fired and sent to Earth to reconnect with humanity. The catch? He's trapped in the body of a chubby house cat. Exploding Kittens premieres July 2024, only on Netflix.<br/><br/>As part of Godcat’s rehabilitation, he moves in with a dysfunctional family and tries to solve their problems, but ends up spending a lot of time chasing laser pointers. And to top it off, Godcat’s next-door neighbor, who is also a cat, turns out to be none other than his nemesis, the Antichrist. The result is the ultimate fight between good versus evil…except, Godcat (Ellis) is distracted by a pigeon he saw in the yard and Devilcat (Sasheer Zamata) is busy napping on someone’s laptop.<br/><br/>Based on the best-selling card game, EXPLODING KITTENS is an animated comedy series from showrunners Shane Kosakowski and Matthew Inman (founder of the card game). The series is also executive produced by Mike Judge, Greg Daniels and Dustin Davis of Bandera Entertainment; Peter Chernin and Jenno Topping for the Chernin Entertainment Group; and executive producers and creators of the Exploding Kittens franchise, Elan Lee and The Oatmeal’s Inman.
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