The Federal Trade Commission (FTC) is distributing over $5 million in refunds to victims of a fraudulent credit card debt relief scheme run by ACRO Services. The company and its operators were accused of deceptive practices that misled consumers about their ability to reduce or eliminate credit card debt.
On Monday, President Donald Trump’s nominee for Commerce Secretary, Howard Lutnick, unveiled a proposal to reintroduce a tariff-focused system for funding the federal government, which he referred to as the “External Revenue Service.” Lutnick announced the initiative at a rally in Washington following Trump’s inauguration, calling it a cornerstone of the administration’s plan to restore American economic greatness.
House Democrats are opposing President-elect Donald Trump's proposed tariff increases. Representatives Suzan DelBene (D-WA) and Don Beyer (D-VA), joined by 11 other Democrats, introduced...
On January 16, 2025, Senator Ted Cruz (R-TX) reintroduced the bipartisan "No Tax on Tips Act," aiming to exempt gratuities from federal income taxation.
A recent report from the U.S. Government Accountability Office (GAO) highlights key vulnerabilities in the infant formula supply chain and suggests reforms to prevent future shortages. This comes after a 2022 formula crisis left families across the nation struggling to access an essential source of infant nutrition.
A New York Supreme Court judge dismissed New York City’s lawsuit against major energy companies on Tuesday, ruling that the city’s arguments were contradictory.
China’s 2025 Spring Festival travel rush, the world’s largest annual human migration, began Tuesday, with officials projecting a record 9 billion trips over the 40-day period known as chunyun. Centered on Lunar New Year, which falls on January 29, the season runs through February 12, culminating in the Lantern Festival.
In a controversial move during its final weeks, the Biden administration’s Consumer Financial Protection Bureau (CFPB) finalized a rule Tuesday that will prevent medical debt from appearing on credit reports. The regulation, estimated to impact 15 million Americans and $49 billion in medical debt, also bars creditors from using medical information in lending decisions.
