GOP blasts consumer agency over push to regulate digital wallets, payment apps
House Republicans attacked the Consumer Financial Protection Bureau (CFPB) during a hearing Wednesday over proposed rules that would regulate financial services such as digital wallets and payment apps. The agency released a proposal to supervise nonbank financial technology in November, with CFPB Director Rohit Chopra saying the rule would “help ensure that large technology companies […]
Coinbase users’ wallets wiped to $0 after crash as Bitcoin soared
Coinbase users panicked Wednesday after discovering their digital wallets were suddenly erased. I then learned that my funds were safe and the crypto exchange platform had crashed. Coinbase CEO Brian Armstrong says users are flocking to social media due to a “huge spike in traffic” as Bitcoin soars above $60,000 for the first time in […]
Super Bowl concessions prices: $17 Bud Lights, $13 hot dogs destroy wallets for the big game
To be honest, if you have the money to go to the Super Bowl, I don’t really care about the price. It’s no big deal that he spends $20 on a beer that cost him $3,000 to sit in the stands. Still, gaming concession prices are always out of control. Las Vegas is always going […]
Red Sea Shipping Has Sunk Amid Missile Attacks. Here’s What That Means For Americans’ Wallets
Attacks by Iran-backed Houthi militants in the Red Sea have wreaked havoc on global shipping, increasing costs and travel times for shipping companies, according to experts who spoke to the Daily Caller News Foundation. Ultimately, the burden will fall on U.S. consumers. The number of weekly flights through the Suez Canal and Red Sea has […]