Noontime News is a snapshot of our RSS feeds from the noon (Eastern time) hour.
New Consumer Agency Eyes Bank Overdraft Fees
The Consumer Financial Protection Bureau says it’s looking to overhaul rules on overdraft fees. The new agency will be seeking data from banks about how they handle overdrawn accounts, and how they assess fees. The agency plans to use this information to help consumers limit their exposure to these costly charges.
The U.S. Supreme Court hears arguments Wednesday in a case about lies, big and small, and when those lies can be a crime under the Constitution’s guarantee of free speech. At issue is the constitutionality of a law making it a crime to lie about being the recipient of military medals.
There’s more deadly news today from Syria:
“Syrian troops and militia loyal to President Bashar Assad captured and then shot dead 27 young men in northern villages and two foreign journalists were killed in shelling of the besieged city of Homs, activists said on Wednesday.” (Reuters)
The Associated Press adds that “a Syrian activist said two foreign journalists were killed Wednesday by Syrian government forces shelling the restive central city of Homs.
WASHINGTON (AP) — President Barack Obama is proposing to cut the corporate tax rate from 35 percent to 28 percent and wants an even lower effective rate for manufacturers, a senior administration official says, as the White House lays down an election-year marker in the debate over tax policy.
In turn, corporations would have to give up dozens of loopholes and subsidies that they now enjoy. Corporations with overseas operations would also face a minimum tax on their foreign earnings.
WASHINGTON — Seven organizations will receive a total of $639 million in federal low-interest loans to launch new, consumer-governed health insurance plans in eight states, the federal government announced Tuesday.
More than three years after the financial crisis, Wall Street watchdogs are still uncovering questionable actions rooted in that time. The latest revelation involves one of the more creative packagers of securities who contributed to a trail of billions in soured deals, as well as a much-maligned rating agency.
KABUL, Afghanistan — The commander of U.S.-led international forces in Afghanistan apologized Tuesday after reports that American troops at Bagram Air Base had accidentally burned hundreds of copies of the Quran, sparking outrage among Afghans.
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