Bank of America, the second-largest bank in the United States, has been ordered to pay more than $100 million in penalties and restitution to customers for illegally double-dipping on fees, withholding reward bonuses, and opening accounts without customer consent. The Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency announced the penalties on Tuesday, and Bank of America has agreed to the terms.
Posts tagged as “North Carolina”
The Supreme Court has ruled that the use of affirmative action in college admissions is unconstitutional, with Chief Justice John Roberts writing the majority opinion and Justice Sonia Sotomayor writing a dissenting opinion. This decision is likely to have a significant impact on college admissions, as many institutions have long relied on affirmative action as a way to promote diversity on campus.
Federal judges in Kentucky and Tennessee have temporarily blocked portions of bans on gender-affirming care for transgender youth, just days before the statutes were set to go into effect. The rulings blocked portions of the law in Kentucky that would have banned transgender youth from accessing puberty blockers and hormone therapy, and in Tennessee, stopped short of blocking the ban gender-affirming surgeries for youth. The rulings are seen as a victory for transgender rights advocates, and set a precedent for other states considering similar bans.
Key takeaways: North Carolina health officials are urging residents to stay safe and be aware of the signs of heat-related illness. Cooling assistance is available…
Key takeaways: The Supreme Court rejected the independent state legislature theory proposed by Republicans in the North Carolina legislature. This decision prevents state legislatures from…
The Supreme Court ruled against Republicans in North Carolina in Moore v. Harper, finding that the Constitution's Elections Clause does not support the independent state legislative theory which would have given state lawmakers unfettered power to set the rules for federal elections in their states. The ruling is a victory for voting rights advocates and reaffirms the role of the courts in ensuring that state legislatures do not pass laws that violate the Constitution.
Michael Jordan has confirmed to CNBC that he is selling his majority ownership of the Charlotte Hornets to a group of investors led by Gabe Plotkin and Rick Schnall. Jordan will remain a minority owner after the transaction, but the deal must still be approved by a majority of league owners before it can be finalized. Jordan's decision to sell his majority stake in the Hornets is a sign of his commitment to the team's future success and his legacy will continue to be felt in the city of Charlotte.
ESPN is mourning the loss of award-winning director Kyle Brown, who died unexpectedly on Saturday after suffering a medical emergency at an NCAA baseball super regional. Brown had been with the network for 15 years and was a former Ohio State pitcher. ESPN said Brown “cherished the opportunity to have a career in sports” and that his “passion for sports, storytelling, and mentoring young talent was unmatched.” The network is “deeply saddened by his passing and extend our deepest sympathies to his family and friends.”