The head of the Office of the Comptroller of the Currency (OCC) declared Wednesday that his agency uncovered “irrefutable evidence that the nation’s largest banks have denied, debanked and discriminated against customers and lawful businesses,” including over political views. Comptroller of the Currency Jonathan Gould made the remark after the OCC said…

The Social Security Administration on Wednesday announced a 3.6% cost-of-living adjustment (COLA) for 2027. The COLA is determined using the consumer price index for urban wage earners and clerical workers (CPI-W) data for the third quarter of the year, including the months of July, August and September. It aims to…

This story about the September CPI inflation report will be updated with further details. Inflation accelerated in September as the pace of consumer price growth trended higher due to elevated energy prices.The Bureau of Labor Statistics (BLS) said on Wednesday that the consumer price index (CPI) – a broad measure of…

More than 112,000 bottles of Amazon-branded extra-strength acetaminophen are being recalled after consumers reported discolored pills, according to the Food and Drug Administration (FDA). Aurobindo Pharma USA, a New Jersey-based pharmaceutical company, initiated the voluntary recall on Sept. 18, affecting three bottle sizes of Amazon Extra Strength Acetaminophen 500 mg…

CVS has agreed to pay $315 million to resolve Justice Department allegations that the pharmacy chain illegally filled prescriptions for opioids and other controlled substances and sought payment for many of them from Medicare and other federal health care programs. The settlement resolves a case brought by the federal government…

The Treasury Department announced approximately $1.21 billion in penalties against Bank of America over longstanding anti-money laundering failures and U.S. sanctions violations. Regulators found the bank failed to adequately investigate trillions of dollars in potentially suspicious transactions despite knowing about significant compliance deficiencies.The action includes the largest penalty in the…

A Saudi national working as an OpenAI engineer was arrested after allegedly planting a covert recording device inside an executive conference room at the company’s San Francisco office, federal authorities announced Tuesday. Abdulrahman Alfozan, 35, was arrested Oct. 9 and charged with using or attempting to use a device to…

A group of grocery stores, including Stop & Shop, Hannaford and Food Lion, are facing outages to their websites and mobile apps this week. Ahold Delhaize USA, the parent company of the grocery store chains and others, said in a statement Monday that was later updated Tuesday that it was…

Social Security Administration Commissioner Frank Bisignano said in an interview Monday that the entitlement program will be around for another 90 years as a key trust fund approaches insolvency. Bisignano, who is also the IRS CEO, spoke with CNBC’s “Squawk Box” ahead of this week’s announcement of the 2027 cost-of-living…

Wingstop is bringing candy to its chicken wings, teaming up with Sour Patch Kids for an unexpected new flavor ahead of Halloween. The chicken chain announced Tuesday that it is partnering with Mondelēz International’s Sour Patch Kids brand to launch Sour Patch Kids Wicked Punch, featuring a sweet-and-sour Redberry glaze…