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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 👁 470K
This evening will reaming clear for many, with a warm night in the cards. Perhaps some cloud outbreaks in the far north of Scotland and over southeast England, however fine and dry for the vast majority. – This is the Met Office UK Weather forecast for the evening of 10/05/24. Bringing you today’s weather forecast is Alex Deakin.
⏲ 3:39 👁 6.2M
UBS reported a return to profit in the first-quarter after losses in the previous two quarters, beating analyst estimates. Profits were boosted by higher revenues in its flagship wealth management division, which rose 28%. Expenses fell and consolidation benefits from the Credit Suisse takeover in June 2023 contributed to the $1.8 billion net profit. UBS expects to complete merging its US entities with Credit Suisse in the second quarter and Swiss entities in the third quarter. CEO Sergio Ermotti said integration progress was good, and the bank had returned to profitability and underlying strength.
⏲ 0:40 👁 180K
We’re barely more than a month away from WrestleMania 40, and a lot of the matches are starting to come into focus. Only the four World Title contests have been officially announced at this point, but WWE is also being pretty obvious with some of the other puzzle pieces including Jimmy And Jey Uso, Awesome Truth and Judgment Day, AJ Styles and LA Knight and Logan Paul, Randy Orton and maybe KO. Gunther will also obviously get a prime spot on the card and will defend The Intercontinental Championship, though his opponent is less clear, and it’s been heavily rumored and hinted at on screen that we’re going to get Seth Rollins and Cody Rhodes vs The Rock and Roman Reigns in a tag match.<br/><br/>Altogether, it’s shaping up to be one of the most stacked and exciting cards in WrestleMania history, but it’s also presenting a really obvious numbers problem for WWE. If you only count the matches I referenced above, that’s 10 slots that are pretty close to locked in for ‘Mania. Last year, if you don’t count The Miz’s two unannounced comedy fights, there were 13 matches on the card. If you remove Vince McMahon’s unannounced match from WrestleMania 38, there were 15 matches that year. The year before that at WrestleMania 37, there were 14 matches. That range seems to be the sweet spot WWE likes, and given The Rock is involved this year and likely to get a significant amount of time, it’s hard to think Triple H and company are going to push for more than usual.
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OpenAI announced it is developing a Media Manager tool to allow content creators to identify their works and specify how they want them included or excluded from AI training and research. The goal is to have Media Manager available by 2025 as OpenAI works with creators, owners, and regulators toward standards. It will use machine learning to identify copyrighted text, images, audio, and video across sources and apply creator preferences for inclusion or exclusion. This responds to criticism of OpenAI's approach of scraping publicly available data without compensation or credit for training generative AI models.
⏲ 0:49 👁 340K
Braceface - The Easy Way Out - 2001-1 from easy credit cards to get
⏲ 22:28 👁 135K
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.
⏲ 5:16 👁 19.8M
This delicious afternoon tea cake from the Langham London is the perfect mini treat to see you through until dinner.
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Morbius' post-credits scenes still hurt.
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A woman made 500 business cards for her friend to help her get a date - including a QR code to her socials and a bio about her.<br/><br/>Natalie Abatemarco, 25, made the cards as a funny secret Santa present for her best friend, 25 - who doesn't wish to be named.<br/><br/>Natalie said that every year they try and 'out do' each other and get funnier gifts.<br/><br/>This time Natalie printed out the cards for $20 which included a picture, QR code for her social media and a bio about her friend.<br/><br/>The pair tried out the cards - by passing them out to cute strangers - but they haven't led to a relationship yet.<br/><br/>Natalie, a content creator, from New York City, said: \
⏲ 0:15 👁 1.2M
If you're not interested in miles or points one of these best cashback credit cards might be just the thing to get money back with a minimum of games.
⏲ 3:41 👁 575K
This one-pot-wonder couldn't be easier to throw together, and is delicious to boot.
⏲ 0:43 👁 9.7M
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