Business and Economic News

The CFPB wanted medical debt to be left off credit reports. That's changed under Trump
Under the Biden administration, the Consumer Financial Protection Bureau finalized a rule barring medical debt from appearing on credit reports. Now, the agency is siding with the credit industry groups suing to have the rule vacated.
Amazon pulls back on plans for large data center in Becker
Amazon’s move comes as Minnesota lawmakers are debating additional regulations on large-scale data centers and could eliminate a sales tax exemption on the electricity they use.
A longtime grocer, now retired, continues to build connections between Hmong immigrants
For 18 years, Terry Yang ran Bubai Foods in Walnut Grove with his brother. Yang said he sees the services and products that he provided as a form of service to both the Hmong community and everyone who walked through the store’s front door.
No more pennies: In big change, Treasury will stop minting them
In a cost-cutting move, the Treasury Department will soon stop minting new pennies. The one-cent coins will still be legal tender. There are more than 100 billion pennies in circulation but many are gathering dust in change jars and forgotten pockets.
Senate overrules parliamentarian and votes to undo California EV rule
The Senate parliamentarian advised lawmakers that they couldn't use the Congressional Review Act to revoke California's right to set vehicle standards. But they did it anyway. Expect a legal fight.
In the year after his murder, big banks including JPMorgan Chase, Citibank, Bank of America and Wells Fargo announced plans to invest millions of dollars in small, Black-owned banks across the country, to help those banks make more loans to small businesses in underserved communities.