Capital One allegedly cheated customers out of $2 billion, CFPB says
The CFPB is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts.
Consumer Financial Protection Bureau
Walmart accused of illegally opening costly accounts for drivers
Walmart and Branch Messenger, a payments platform, accused of deceiving workers about pay from retailer for two years.
Millions hurt by credit repair firms to share $1.8 billion in refunds
Payments to victims of Lexington Law and CreditRepair.com are the largest yet by Consumer Financial Protection Bureau.
Fifth Third Bank illegally seized people's cars after overcharging them, feds say
The Ohio-based bank has been fined $20 million for forcing some customers to buy duplicative auto insurance.
Rules for "buy now, pay later" plans
The Consumer Financial Protection Bureau has announced expanded protections for Americans choosing to use the "buy now, pay later" options to purchase certain goods. CBS News senior business and technology correspondent Jo Ling Kent breaks down the protections.
Breaking down the Supreme Court's CFPB ruling
The Supreme Court rejected an effort Thursday to undermine the power of the Consumer Financial Protection Bureau. The agency was created after the 2008 financial crisis to protect consumers from unfair practices. CBS News legal contributor Jessica Levinson joins "The Daily Report" to unpack the case.
Watch Live: Pam Bondi confirmation hearing for attorney general underway
Pam Bondi served as Florida's attorney general and represented President-elect Donald Trump during his first impeachment proceedings.
live updates
"Particularly dangerous" winds warning yet again for Los Angeles fires area
Fires across the Los Angeles area have killed at least 25 people. The Palisades and Eaton wildfires continue to burn out of control in Southern California.
Biden says "I have given my heart and my soul to our nation" ahead of farewell address
President Biden is addressing the nation from the Oval Office at 8 p.m.
Watch Live: John Ratcliffe faces senators at confirmation hearing for CIA director
The former Texas congressman previously led the nation's spy agencies as director of national intelligence in the last months of the first Trump administration.
Marco Rubio to face senators at confirmation hearing for secretary of state
Sen. Marco Rubio, President-elect Donald Trump's pick for secretary of state, will face questions from his Senate colleagues on Wednesday morning.
Dozens arrested in India over alleged 5-year sexual abuse of teen girl
Authorities in southern India have detained almost 50 men suspected of repeatedly raping and sexually abusing a girl from the age of 13.
FDA to cut nicotine from cigarettes, in plan first floated under Trump
It will be up to the returning Trump administration to decide whether to finalize the rule.
CPI edged higher in December, complicating the Fed's rate decision
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
Impeached South Korean president detained over martial law declaration
South Korea's anti-corruption agency detains impeached President Yoon Suk Yeol over his brief declaration of martial law.
U.S.
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FDA bans food dye Red 3, citing concern over cancer in some animals
The red food dye is used in products ranging from candies to vegetarian meats.
FDA to cut nicotine from cigarettes, in plan first floated under Trump
It will be up to the returning Trump administration to decide whether to finalize the rule.
CPI edged higher in December, complicating the Fed's rate decision
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
In opening pitch to Congress, Pam Bondi to vow "one tier of justice for all"
In planned remarks to Congress, President-elect Donald Trump's choice to lead the Justice Department commits that "partisan weaponization of the Department of Justice will end" under her watch.
Biden says "I have given my heart and my soul to our nation" ahead of farewell address
President Biden is addressing the nation from the Oval Office at 8 p.m.
MoneyWatch
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CPI edged higher in December, complicating the Fed's rate decision
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
SEC sues Elon Musk, accusing him of withholding info from Twitter investors
The SEC has sued billionaire X owner Elon Musk, alleging he failed to disclose his ownership of Twitter stock in a timely manner in 2022.
Capital One allegedly cheated customers out of $2 billion, CFPB says
The CFPB is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts.
Los Angeles residents hire private firefighters to save their homes
Private firefighters are working alongside municipal departments to battle the wildfires. Here's how much they cost.
FCC warns of 50-state scam by fraudsters posing as mortgage lenders
Callers spoof the caller ID number of the victim's actual lending institution, swindling money from those seeking financial relief.
Politics
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Watch Live: John Ratcliffe faces senators at confirmation hearing for CIA director
The former Texas congressman previously led the nation's spy agencies as director of national intelligence in the last months of the first Trump administration.
In opening pitch to Congress, Pam Bondi to vow "one tier of justice for all"
In planned remarks to Congress, President-elect Donald Trump's choice to lead the Justice Department commits that "partisan weaponization of the Department of Justice will end" under her watch.
Biden says "I have given my heart and my soul to our nation" ahead of farewell address
President Biden is addressing the nation from the Oval Office at 8 p.m.
Watch Live: Pam Bondi confirmation hearing for attorney general underway
Pam Bondi served as Florida's attorney general and represented President-elect Donald Trump during his first impeachment proceedings.
Watch Live: Marco Rubio faces senators at confirmation hearing for secretary of state
Sen. Marco Rubio, President-elect Donald Trump's pick for secretary of state, is facing questions from his Senate colleagues on Wednesday morning.
HealthWatch
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FDA bans food dye Red 3, citing concern over cancer in some animals
The red food dye is used in products ranging from candies to vegetarian meats.
FDA to cut nicotine from cigarettes, in plan first floated under Trump
It will be up to the returning Trump administration to decide whether to finalize the rule.
3 Boar's Head plants also had unsanitary conditions, USDA records show
Several Boar's Head deli meat plants were cited for unsanitary conditions, not just the factory shut down after a deadly listeria outbreak.
More than 1 drink a day raises risk of dying, federal review concludes
The death risk goes up to 1 in 100 for those who drink alcohol nine times per week, the report found.
FDA unveils proposed rules to put nutrition facts on the front of the package
It will be up to the incoming Trump administration to finalize the rule on food labels.
World
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Major Russian missile strike forces Ukraine to shut down power grid
Russia missiles have pounded energy infrastructure across Ukraine, forcing power cuts in the dead of winter.
Dozens arrested in India over alleged 5-year sexual abuse of teen girl
Authorities in southern India have detained almost 50 men suspected of repeatedly raping and sexually abusing a girl from the age of 13.
5 shot dead in Mexican town; body parts found in Gulf coast region
Five people were gunned down on the same street where another attack left eight dead just months earlier.
Impeached South Korean president detained over martial law declaration
South Korea's anti-corruption agency detains impeached President Yoon Suk Yeol over his brief declaration of martial law.
Biden to lift Cuba's status as terror sponsor in exchange for prisoners' release
The move is likely to be reversed by the incoming Trump administration.
Entertainment
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Princess Kate announces she's in remission from cancer
Princess Kate made the announcement on social media after visiting the London hospital where she received treatment.
Ayesha Curry on new book imprint
Chef, entrepreneur and author Ayesha Curry joins "CBS Mornings Plus" to discuss expanding her empire into publishing, uplifting diverse voices and why she selected her imprint's first novel "Honeysuckle and Bone" by Trisha Tobias.
Ayesha Curry launches book imprint
Chef, entrepreneur and bestselling author Ayesha Curry expands her empire into publishing with "Sweet July Books," an imprint dedicated to diverse voices. The first novel, "Honeysuckle and Bone" by Trisha Tobias, follows a young woman discovering dark secrets in Jamaica. They join "CBS Mornings."
Carrie Underwood to perform at Trump's inauguration
The country music star is set to perform "America the Beautiful" before Trump takes the oath of office.
Graham Norton on the art of storytelling
Talk show host and bestselling author Graham Norton joins "CBS Mornings" to talk about his fifth novel, "Frankie," which follows the extraordinary life of an 84-year-old Irish woman. Norton also shares the inspiration behind the book and his approach to storytelling.
Technology
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Meta is cutting 5% of its workforce, or more than 3,600 employees
Meta will cut about 5% of its workforce, focusing on getting rid of low-performing employees at the social media giant.
SpaceX to launch two lunar landers
Just after midnight Wednesday, a SpaceX rocket is scheduled to lift off, carrying a pair of lunar landers that will try to touch down on the moon in the coming months. One was built by a Japanese company and the other was built by a Texas company. Their mission is to carefully lower to the lunar surface and deliver 10 payloads for NASA.
How AI powered robots are helping small farms
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
What would happen to TikTok on my phone if the app is banned?
A law that could ban TikTok in the U.S. is set to take effect on Jan. 19. Here's what that would mean for users of the social media platform.
Does the tech industry really need so many workers on H-1B visas?
Elon Musk claims the U.S. needs a pipeline of foreign employees working on H-1B visas because the country lacks skilled engineers. Here's what the data shows.
Science
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Science
Strong winds pick up in L.A. as fires burn
Officials in Los Angeles are now dealing with strengthening winds as the deadly fires continue to burn. CBS News correspondent Adam Yamaguchi has the latest from the Pacific Palisades.
How to talk to kids about the L.A. fires
California officials say the Palisades and Eaton fires are now among the most destructive in the state's history. As the country, state and individual families deal with the unprecedented tragedy, it poses the question of how to discuss wildfire losses with children and teens. Clinical psychologist Lisa Damour joins CBS News to share some best practices for having these tough conversations.
Winds threaten L.A. fire containment efforts
Emergency response teams have made progress in containing some wildfires raging in Southern California, but they still face an uphill fight. CBS News reporter Laura Haefeli is in Los Angeles in the Palisades Fire zone.
L.A. County fire captain on wildfire response
Southern California is bracing for another round of strong winds that could exacerbate the wildfires burning throughout Los Angeles County. Los Angeles County Fire Department Capt. Sheila Kelliher joins CBS News to discuss the latest on containment efforts. Then, CBS News correspondent Lilia Luciano joins with more from the Golden State.
Los Angeles wildfire threat remains critical
The Los Angeles County Fire chief says despite making progress over the weekend, firefighters are preparing for the return of dangerous winds. CBS News correspondent Adam Yamaguchi has the latest on the devastating fires. Then, Washington Post national political reporter Maeve Reston joins to discuss the scrutiny facing elected leaders in California.
Crime
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Dozens arrested in India over alleged 5-year sexual abuse of teen girl
Authorities in southern India have detained almost 50 men suspected of repeatedly raping and sexually abusing a girl from the age of 13.
5 shot dead in Mexican town; body parts found in Gulf coast region
Five people were gunned down on the same street where another attack left eight dead just months earlier.
Chicago customs seized 1,500 Glock switches to turn guns automatic in 2024
Most of the Glock switch shipments had come from China, and were destined for various locations throughout the United States, CPB said.
Oregon man arrested for cold case murder of car salesman
David Staggs was last seen at his home in January 2022. Police said they uncovered what is believed to be his remains on Wednesday.
Texas man charged with stalking WNBA star Caitlin Clark
Police found that the man was sending Caitlin Clark messages on X that contained multiple threatening and sexually explicit messages.
Space
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Space
2 commercial landers launched for the moon
A pair of commercial landers are headed to the moon after launching early Wednesday morning from the Kennedy Space Center on a SpaceX Falcon 9 rocket. CBS News space analyst Bill Harwood has more.
2 privately built moon landers carried into space by SpaceX rocket
Firefly's "Blue Moon" and ispace's "Resilience" are the latest in an ongoing push to gain private-sector experience exploring the moon.
Blue Origin postpones first launch of its massive new rocket
Blue Origin called off the debut launch of its massive New Glenn rocket due to technical trouble. The Jeff Bezos-founded company didn't set a new launch date.
Blue Origin preps New Glenn rocket for high-stakes test flight
Blue Origin expects the New Glenn to provide a viable alternative to SpaceX's market-dominating Falcon family of rockets.
Mercury's north pole seen in stunning new photos after spacecraft flyby
The BepiColombo spacecraft swooped as close as 183 miles above Mercury's night side before passing directly over the planet's north pole.
Latest Galleries
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Notable Deaths in 2024
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The Scott Peterson case: New evidence?
Peterson's death sentence for the murder of his pregnant wife Laci has been overturned. Now his supporters are pushing for a complete retrial.
The troubled marriage of Ashley and Doug Benefield
The seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
Texas couple investigates teen daughter's unusual death
Cayley Mandadi's mother and stepfather go to extreme lengths to prove her death was no accident.
Serial killer Rodney Alcala's secret photos
See some of convicted serial killer Rodney Alcala's photographs that were discovered by detectives in a Seattle storage locker.
Latest CBS News Videos
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Latest CBS News Videos
New recommendations to measure obesity
A group of experts says Body Mass Index, or BMI, used by doctors to measure obesity, is not a good method. CBS News medical contributor Dr. Celine Gounder explains the new recommendations.
Schools impacted by L.A. area wildfires
A dozen schools have been damaged or destroyed in the Palisades and Eaton Fires. Meanwhile, several other campuses have been closed due to mandatory evacuations. CBS News' Lilia Luciano shows how Californians are coming together.
Travelers will soon need a Real ID
Starting on May 7, all domestic travelers in the United States must have a state-issued ID card or drivers license that complies with a standard known as a Real ID. The IDs are more secure and harder to counterfeit.
Princess of Wales says cancer is in remission
Catherine, the Princess of Wales, revealed in a social media post on Tuesday that her cancer is in remission about 10 months after she first announced her diagnosis. CBS News' Imtiaz Tyab has the latest.
Hegseth grilled at confirmation hearing
Pete Hegseth, President-elect Donald Trump's choice for secretary of defense, was grilled on Tuesday during his Senate confirmation hearing. Hegseth answered questions regarding assault allegations, women in the military and more. CBS News' Scott MacFarlane has the latest.