AmiMoJo shares a report from the BBC: Renewable energy overtook coal as the world's leading source of electricity in the first half of this year -- a historic first, according to new data from the global energy think tank Ember. Electricity demand is growing around the world but the growth in solar and wind was so strong it met 100% of the extra electricity demand, even helping drive a slight decline in coal and gas use. However, Ember says the headlines mask a mixed global picture.

Developing countries, especially China, led the clean energy charge but richer nations including the US and EU relied more than before on planet-warming fossil fuels for electricity generation. This divide is likely to get more pronounced, according to a separate report from the International Energy Agency (IEA). It predicts renewables will grow much less strongly than forecast in the US as a result of the policies of President Donald Trump's administration. Coal, a major contributor to global warming, was still the world's largest individual source of energy generation in 2024, a position it has held for more than 50 years, according to the IEA.

An anonymous reader quotes a report from The Verge's Victoria Song: The original Pixel Watch was late to the game. For years, there had been rumors of a Google smartwatch that never materialized. Then, when it finally arrived, it was a quintessential first-gen device, with thicc bezels, dismal battery life, and a host of quirks that needed ironing out. My DMs were full of people wondering when the watch would be unceremoniously dumped into Google's infamous product graveyard. A part of me wondered if Google was going to spend the next decade playing catch-up. Fast forward to 2025, and I'm holding the Pixel Watch 4 at Google's office in New York City. On the surface (and my wrist), it doesn't look like much has changed. But after fiddling with a few menus, watching some demos, and talking over the updates, it's evident that Google has a clear vision about where smartwatches are going. [...]

Starting with hardware, the Pixel Watch 4 has a new domed "Actua 360" display -- as in, the display itself, not just the glass, is also domed. What this translates to is about 10 percent more visible screen space, 15 percent thinner bezels, and a 50 percent increase in maximum brightness to 3,000 nits. On a table, there's a lineup of the Pixel Watch 2, 3, and 4 with the flashlight app turned on. Side-by-side, the improvements are striking. Material 3 Expressive in Wear OS 6also helps emphasize the Pixel Watch's roundness. (No squircles here, folks.) The widgets have more rounded edges, and each screen has been redesigned to be more glanceable, fitting more complications. It's not Liquid Glass, but there are subtle animations when flitting through menus that call your attention to the Pixel Watch's rain droplet-inspired design. Altogether, it's a design tweak that makes senseandis aesthetically pleasing. Google also says battery life has improved. The 41mm watch gets an estimated 30 hours on a single charge, while the 45mm gets 40 hours. That can stretch up to two days in battery saver mode for the smaller watch and three days for the larger one. I couldn't test that at a hands-on, but I did get to see the improved fast charging in action.

As with theGalaxy Watch 8, Gemini has a big presence on the Pixel Watch 4. It replaces Google Assistant and is capable of more complex queries -- even if none have been able to blow my mind yet. But, in a bid to make interacting with Gemini as smooth as possible, the speaker and haptic engines have also been updated so you can hear and interact more easily. There's also a new raise-to-talk gesture that lets you speak to Gemini without having to use the wake word. The processor has been upgraded to the Snapdragon W5 Gen 2 to enable more on-device AI features, as well, like smart replies. On the Pixel Watch 4, you'll get more smart reply options to texts that refer to the content of your conversations. They're not confined to the default Messages app, either. But the major AI update this time around is a Gemini-powered health coach that's slated to arrive alongside a revamped Fitbit app in October. ... The gist is the health coach will act more like a personal trainer than a Captain Obvious summary generator. If you sleep poorly, it'll adjust workout suggestions. (This is also why Google is also introducing an improved sleep algorithm.) You can tell it that you've been injured, and that too will be taken into consideration when generating weekly fitness plans. [...]

Another big first is the Satellite SOS mode. If you're without your phone and in a remote area with no signal, you can still call emergency services. (So long as you have the LTE version of the watch.) The big thing here is that there's no extra subscription cost. The watch will also feature more accurate dual-frequency GPS -- a nice update given that I've had issues with the Pixel Watch's GPS maps in the past. The Pixel Watch 4 is priced at $349.99 and is available for pre-order now.

ScienceAlert reports: Casino lighting could be nudging gamblers to be more reckless with their money, according to a new study, which found a link between blue-enriched light and riskier gambling behavior. The extra blue light emitted by casino decor and LED screens seems to trigger certain switches in our brains, making us less sensitive to financial losses compared to gains of equal magnitude, researchers from Flinders University and Monash University in Australia found...

The researchers think circadian photoreception, which is our non-visual response to light, is playing a part here. The level of blue spectrum light may be activating specific eye cells connected to brain regions in charge of decision-making, emotional regulation, and processing risk versus reward scenarios.

"Under conditions where the lighting emitted less blue, people tended to feel a $100 loss much more strongly than a $100 gain — the loss just feels worse," [says the study's lead author, a psychologist at the Flinders Health and Medical Research Institute]. "But under bright, blue-heavy light such as that seen in casino machines, the $100 loss didn't appear to feel as bad, so people were more willing to take the risk...." That raises some questions around ethics and responsibility, according to the researchers. While encouraging risk taking might be good for the gambling business, it's not good for the patrons spending their cash.
One professor involved in the study reached this conclusion. "It is possible that simply dimming the blue in casino lights could help promote safer gambling behaviors."

The research has been published in Scientific Reports.

Thanks to Slashdot reader alternative_right for sharing the news.

Wearable startup Whoop just announced its new Whoop 5.0 fitness tracker yesterday, but some existing users are already calling foul. From a report: Previously, Whoop said people who had been members for at least six months would get free upgrades to next-generation hardware. Now, the company says that members hoping to upgrade from a Whoop 4.0 to 5.0 will have to pay up.

Whoop is a bit different from other fitness trackers in that it runs entirely on a subscription membership model. Most wearable makers that have subscriptions will charge you for the hardware, and then customers have the option of subscribing to get extra data or features. A good example is the Oura Ring, where you buy the ring and then have the option of paying a monthly $6 subscription. Whoop, however, has until now said that you get the hardware for "free" while paying a heftier annual subscription. Previously, Whoop promised users that whenever new hardware was released, existing members would be able to upgrade free of charge so long as they'd been a member for at least six months.

Chinese automaker BYD is offering its advanced "God's Eye" autonomous technology in mass-market EVs like the $9,500 Seagull, while expanding globally with government-backed EV initiatives. Gizmodo reports: Previously, BYD had limited its driver assistance features to higher-end models that cost more than $28,000, according to BYD CEO Wang Chuanfu. In expanding the technology to the Seagull and other cars for no extra charge, Chuanfu said "good technology should be available to everyone." Other BYD vehicles getting the addition of the technology including cars from its Ocean, Han, Song, and Yuan lineups, as well as its hybrid vehicles. "God's Eye was developed in-house by BYD and will equip the automaker's mass-market models with features commonly only found on upscale EVs such as remote parking via smartphones and autonomous overtaking on roads," the company said.

BYD says the level of autonomy present in each car will vary depending on which sensors are equipped in the cars. Some of its pricier cars, for instance, include LiDAR sensors like those found in Waymos, which can offer faster and more precise object detection than cameras alone, particularly in low-light conditions or when a roadway is obstructed by rain or fog. [...] China's government has heavily prioritized the transition to electric vehicles with strong incentives, and BYD has managed to turn a profit on its electric vehicles, a feat that has heretofore only been accomplished by Tesla. The importance to China is clear: As the world continues transitioning to EVs, the likes of BYD have been able to push into markets including Europe and South America as Western brands lose share.

Google is bundling its AI features into Workspace at no extra charge while raising the base subscription price by $2 to $14 per user monthly, the company said Wednesday. The move eliminates the previous $20 monthly fee for Gemini Business plan that was required to access AI tools in Gmail, Docs and other Workspace apps.

Bruce Perens, original co-founder of the Open Source Initiative, has responded to questions from Slashdot readers about a new alternative he's developing that hopefully helps "Post Open" developers get paid.

But first, "One of the things that's clear from the Slashdot patter is that people are not aware of what I've been doing, in general," Perens says. "So, let's start by filling that in..."

Read on for the rest of his wide-ranging answers....

The Verge's Alex Heath reports: Snap's fifth-generation Spectacles have a richer, more immersive display. Using them feels snappier. They weigh less than their predecessor and last longer on a charge. Those are exactly the kinds of upgrades you'd expect from a product line that's technically eight years old. But the market for Spectacles -- and AR glasses in general -- still feels as nascent as ever. Snap has an idea for what could change that: developers. These new Spectacles, announced Tuesday at Snap's annual Partner Summit in Los Angeles, aren't being sold. Instead, Snap is repeating its playbook for the last version of Spectacles in 2021 and distributing them to the people who make AR lenses for Snapchat. This time around, though, there's an extra hurdle: you have to apply for access through Lens Studio, the company's desktop tool for creating AR software, and pay $1,188 to lease a pair for at least one year. (After a year, the subscription becomes $99 a month.)

Yes, Snap is asking developers to pay $1,188 to build software for hardware with no user base. Even still, Snap CEO Evan Spiegel believes the interest will be there. "Our goal is really to empower and inspire the developer and AR enthusiast communities," he tells me. "This really is an invitation, and hopefully an inspiration, to create." [...] Ultimately, I'm skeptical of why developers will want to build software for Spectacles right now, given the lack of a market and the cost of getting access to a pair. Still, Spiegel believes enough of them are excited about the promise of AR glasses and that they'll want to help shape that future. "I think it's the same reason why developers were really excited with the early desktop computer or the reason why developers were really excited by the early smartphones," he says. "I think this is a group of visionary technologists who are really excited about what the future holds." Spiegel may be right. AR glasses may be the future, and Spectacles may be well-positioned to become the next major computing platform, even with competition heating up. But there's still a lot of progress that needs to happen for Snap's vision to become reality. Road to VR has a full list of specs embedded in their report. They also published a reveal trailer on YouTube.

NASA astronauts Butch Wilmore and Suni Williams are facing challenges returning to Earth due to compatibility issues between their Boeing-designed spacesuits and SpaceX's Dragon spacecraft. Inc. Magazine reports: The space suits in question are the "intra-vehicular activity" outfits now worn by astronauts. They're simpler than the bulky extra-vehicular space suits used on space walks, and are designed to keep astronauts safe in the capsule in the very unlikely case there's a problem that causes the capsule's atmosphere to be lost. The problem is simple: Should Butch and Suni need to fly back aboard SpaceX's vehicle, their suits won't fit in Dragon's seats. [...]

Boeing and SpaceX suits evolved under totally different design sensibilities. If Boeing and NASA deem Starliner unsafe for humans to fly home in, Butch and Suni must head earthward aboard a SpaceX Dragon, but their suits won't be able to plug into Dragon's systems. Like trying to plug an essentially outdated USB A socket into an iPhone's charge port, the suit connectors have different shapes, styles, and functions. The suits themselves have different systems that integrate with their own capsules for purposes like air leak checks during pre-flight testing.

So if an emergency situation presents itself and astronauts have to come back to Earth before proper plans are finalized, Butch and Suni will have to return inside the cargo section of a Dragon space capsule "unsuited," according to NASA leadership who spoke on the matter in a press conference last week. Other plans include flying up suitable Dragon-connecting space suits for the two astronauts on a later mission, should Starliner be deemed incapable of bringing them back.

Southwest Airlines announced Thursday that it will get rid of open seating in a sweeping change from its decades-long practice. Instead, it will begin assigning seats and offer premium seating with extra leg room. From a report: Southwest CEO Bob Jordan said, "Our implementation of assigned and premium seating is part of an ongoing and comprehensive upgrade to the Customer Experience, one that research shows Customers overwhelmingly prefer."

The low-fare airline has had a tradition of open seating for more than 50 years. Customers taking longer flights preferred assigned seats, according to Southwest. Airlines can also charge more for assigned and premium seating, enabling them to boost profits.

At a New York Yankees baseball game, one fan discovered its concession stand doesn't accept cash. "An employee directed him to a kiosk that could convert his greenbacks into plastic," reports the Wall Street Journal, where the fan, "fed $200 into the reverse ATM, which subtracted a $3.50 fee and spat out a debit card with a balance of $196.50." Paying with cash used to be a way to get a discount. These days it can often cost an extra $1 to $6 — the sort of transaction fees once limited to swiping a credit card or using an out-of-network ATM. Reverse ATMs like those at Yankee Stadium are now common at cashless venues and restaurants across the country as a way to cater to those who prefer paying in cash. People who want to pay their parking tickets, tolls, taxes or phone bills in cash, meanwhile, often learn that government agencies and businesses have outsourced that option to companies that usually charge a fee.

All that can amount to a penalty on the people who prefer paying cash. Though it is more common to buy things with cards and mobile devices, cash remains the third-most popular way to pay, accounting for 16% of all payments in 2023, according to the Federal Reserve. That's down 2 percentage points from the year before, continuing a steady decline that accelerated during the pandemic. "It's unbelievable that we actually have to tell retailers, 'This is U.S. currency and it's something that should be accepted,' " said Jonathan Alexander, executive director of the Consumer Choice in Payment Coalition, a group of businesses and nonprofits lobbying for the continued acceptance of cash.

There aren't federal laws that require businesses to accept cash. States like Colorado and Rhode Island and cities like New York banned cashless retail establishments after many stores shifted to card-only transactions to reduce the spread of Covid-19, speed up transactions and cut back on theft. In 2023, lawmakers in the House of Representatives and the Senate introduced bills requiring that businesses accept cash for all in-person purchases under $500, unless they provide devices like a reverse ATM that don't charge fees. The bills haven't passed.

Cashless businesses can be a burden for older or lower-income shoppers who are less likely to have access to digital payments. They also pose challenges for younger people who haven't yet set up credit cards or bank accounts.
The article includes the story of an 18-year-old who earned cash by babysitting, then went to a hockey game and "was charged a 50-cent fee after putting $20 into a reverse ATM...to order chicken nuggets and a bottle of water." (Others who prefer cash "say paper money is anonymous, helps them keep spending under control and is better for tips," the article adds noting that roughly six in 10 Americans use cash for at least some of their purchases, according to Pew Research Center.)

The makers of one "reverse ATM" tell the Journal that whether or not someone gets charged a fee actually depends on what state they're in — and on the preferences of the venue that installed the ATM machine.

An anonymous reader quotes a report from Ars Technica: Some net neutrality proponents are worried that soon-to-be-approved Federal Communications Commission rules will allow harmful fast lanes because the plan doesn't explicitly ban "positive" discrimination. FCC Chairwoman Jessica Rosenworcel's proposed rules for Internet service providers would prohibit blocking, throttling, and paid prioritization. The rules mirror the ones imposed by the FCC during the Obama era and repealed during Trump's presidency. But some advocates are criticizing a decision to let Internet service providers speed up certain types of applications as long as application providers don't have to pay for special treatment. Stanford Law Professor Barbara van Schewick, who has consistently argued for stricter net neutrality rules, wrote in a blog post on Thursday that "harmful 5G fast lanes are coming."

"T-Mobile, AT&T and Verizon are all testing ways to create these 5G fast lanes for apps such as video conferencing, games, and video where the ISP chooses and controls what gets boosted," van Schewick wrote. "They use a technical feature in 5G called network slicing, where part of their radio spectrum gets used as a special lane for the chosen app or apps, separated from the usual Internet traffic. The FCC's draft order opens the door to these fast lanes, so long as the app provider isn't charged for them." In an FCC filing yesterday, AT&T said that carriers will use network slicing "to better meet the needs of particular business applications and consumer preferences than they could over a best-efforts network that generally treats all traffic the same."

Van Schewick warns that carriers could charge consumers more for plans that speed up specific types of content. For example, a mobile operator could offer a basic plan alongside more expensive tiers that boost certain online games or a tier that boosts services like YouTube and TikTok. Ericsson, a telecommunications vendor that sells equipment to carriers including AT&T, Verizon, and T-Mobile, has pushed for exactly this type of service. In a report on how network slicing can be used commercially, Ericsson said that "many gamers are willing to pay for enhanced gaming experiences" and would "pay up to $10.99 more for a guaranteed gaming experience on top of their 5G monthly subscription."

Researchers from the City University of Hong Kong have developed a special antenna that can control all five important aspects of electromagnetic waves using computer software. Interesting Engineering reports: The antenna, which they have named 'microwave universal metasurface antenna,' is capable of dynamically, simultaneously, independently, and precisely manipulating all the essential properties of electromagnetic waves through software control. [...] The antenna adjusts how strong the waves are, their timing, frequency, direction, and even the way they vibrate, all at the same time. It's the first time anyone has made an antenna that can do all these things simultaneously, marking a significant breakthrough in this field.

The antenna is special because it can be used in advanced information systems, like the ones we might have in the future. It's great for handling a lot of data and keeping that data very safe. It can also transfer power wirelessly, meaning it can charge devices without physical connections. One cool thing about this antenna is that it can control the direction of its signals, adding an extra layer of privacy and security. This makes it a good choice for communication systems where we want to ensure nobody can eavesdrop or secretly listen in on our conversations.

Although demonstrated in the microwave band, the UMA's concept can be expanded to terahertz frequencies using specific technologies, enabling applications in augmented reality, holography, integrated sensing and communications for 6G, quantum optics, and quantum information science, noted the researchers in their study. The study has been published in the journal Nature Communications.

Charter Communications confirmed to Light Reading it will lower the default video streaming resolution for its Unlimited Plus mobile customers to 480p from 720p starting in December. From a report: Charter's default setting for customers on its other By The Gig and Unlimited mobile plans is already set at 480p. The company said its Unlimited Plus mobile customers can change their default streaming setting back from 480p to 720p using the company's My Spectrum App for no extra charge. Further, the change will not affect customers who are connected to Wi-Fi. When customers are on Wi-Fi, the video streaming resolution among Charter's Spectrum Mobile customers is determined by the format of the video content the customer is streaming and the capabilities and settings of their device, according to the company.

Long-time Slashdot reader smooth wombat writes: : A recent social media post by an Aussie received a deluge of replies and comments. His comment? "I'm so f***ing tired of 'tech' being used to solve an 'issue' but only making everything worse and more inconvenient for everybody," they wrote.

His comment was in response to going to a restaurant and having only a QR code to order from — literally a menu at the table with only the QR code on it. The app required to order from it "proceeded to charge a 6.5% venue surcharge, a 2% payment processing fee, and then had the audacity to ask for a tip (10%, 15%, 25%) as the cherry on top".
From Australia's News.com.au: Hundreds of others enthusiastically agreed and many added they also didn't like being asked to enter their personal details. "You're waiting your own table and paying an extra fee for the privilege. It's f***ed," one person responded. "It's also a big stinking FU to anyone old or not tech savvy. All just to hoover up your data," another added.

Some, however, shared they preferred using QR codes to order their food — they removed the need to move to order more and limited engagement with staff. "I actually like the QR ordering because I don't like people, but the surcharges and tipping can f*** off," one said. "I love the QR codes — don't need to leave the table to order another beer," someone else wrote...

Jonathan Holmes-Ross, owner of board game restaurant, The Lost Dice in Adelaide told news.com.au that the use of QR code ordering had let his eatery "reduce costs by around 25%... We no longer have to take orders, work out bills and manually take payments," he said. "This gives our wait staff more time to look after our customers, and the kitchen has excellent order information as the accuracy of the orders is great. We now have very few mistakes saving us time and waste. We can also mark items that have run out instantly on the app by using stock levels, again avoiding the disappointment of (the) customer."

echo123 shares a report from the Associated Press: Thousands of information technology workers contracting with U.S. companies have for years secretly sent millions of dollars of their wages to North Korea for use in its ballistic missile program, FBI and Department of Justice officials said. The Justice Department said Wednesday that IT workers dispatched and contracted by North Korea to work remotely with companies in St. Louis and elsewhere in the U.S. have been using false identities to get the jobs. The money they earned was funneled to the North Korean weapons program, FBI leaders said at a news conference in St. Louis.

Court documents allege that North Korea's government dispatched thousands of skilled IT workers to live primarily in China and Russia with the goal of deceiving businesses from the U.S. and elsewhere into hiring them as freelance remote employees. The workers used various techniques to make it look like they were working in the U.S., including paying Americans to use their home Wi-Fi connections, said Jay Greenberg, special agent in charge of the St. Louis FBI office. Greenberg said any company that hired freelance IT workers "more than likely" hired someone participating in the scheme. An FBI spokeswoman said Thursday that the North Koreans contracted with companies across the U.S. and in some other countries. "We can tell you that there are thousands of North Korea IT workers that are part of this," spokeswoman Rebecca Wu said. Federal authorities announced the seizure of $1.5 million and 17 domain names as part of the investigation, which is ongoing. FBI officials said the scheme is so prevalent that companies must be extra vigilant in verifying whom they are hiring, including requiring interviewees to at least be seen via video.

The IT workers generated millions of dollars a year in their wages to benefit North Korea's weapons programs. In some instances, the North Korean workers also infiltrated computer networks and stole information from the companies that hired them, the Justice Department said. They also maintained access for future hacking and extortion schemes, the agency said. Officials didn't name the companies that unknowingly hired North Korean workers, say when the practice began, or elaborate on how investigators became aware of it. But federal authorities have been aware of the scheme for some time.

The National Security Agency (NSA), in partnership with the Cybersecurity and Infrastructure Security Agency (CISA), have highlighted the ten most common cybersecurity misconfigurations in large organizations. In their join cybersecurity advisory (CSA), they also detail the tactics, techniques, and procedures (TTPs) actors use to exploit these misconfigurations. From the report: Through NSA and CISA Red and Blue team assessments, as well as through the activities of NSA and CISA Hunt and Incident Response teams, the agencies identified the following 10 most common network misconfigurations:

1. Default configurations of software and applications
2. Improper separation of user/administrator privilege
3. Insufficient internal network monitoring
4. Lack of network segmentation
5. Poor patch management
6. Bypass of system access controls
7. Weak or misconfigured multifactor authentication (MFA) methods
8. Insufficient access control lists (ACLs) on network shares and services
9. Poor credential hygiene
10. Unrestricted code execution

NSA and CISA encourage network defenders to implement the recommendations found within the Mitigations section of this advisory -- including the following -- to reduce the risk of malicious actors exploiting the identified misconfigurations: Remove default credentials and harden configurations; Disable unused services and implement access controls; Update regularly and automate patching, prioritizing patching of known exploited vulnerabilities; and Reduce, restrict, audit, and monitor administrative accounts and privileges.

NSA and CISA urge software manufacturers to take ownership of improving security outcomes of their customers by embracing secure-by-design and-default tactics, including: Embedding security controls into product architecture from the start of development and throughout the entire software development lifecycle (SDLC); Eliminating default passwords; Providing high-quality audit logs to customers at no extra charge; and Mandating MFA, ideally phishing-resistant, for privileged users and making MFA a default rather than opt-in feature. A PDF version of the report can be downloaded here (PDF).

T-Mobile has started charging customers who pay phone bills in-store a new $5 "Payment Support Charge," plus tax. According to The Mobile Report, the new fee went into effect on July 19th, though prepaid customers will be charged the fee later on. From a report: In a flier shared with The Mobile Report announcing the change to its employees, T-Mobile implies the reason behind the fee is to help "enable a digital-enabled future." Yet, as Droid Life points out, employee time spent processing payments may mean less time for more profitable endeavors -- like selling phones or add-ons to plans. Plus, it's a sneaky way to encourage more customers to sign up for AutoPay, which conveniently also offers a $5 per line discount if you pay your bill online -- and only if you use a debit card. T-Mobile recently withdrew the benefit from customers who paid bills with a credit card.

An anonymous reader quotes a report from Electrek: Tesla has officially launched its new 'Charge on Solar' feature to let its electric car owners charge their vehicles with sunshine. Tesla describes the feature: "With Charge on Solar, your Tesla vehicle can charge using only excess solar energy produced by your Tesla solar system. Using excess energy to charge your electric vehicle maximizes the value of your home's solar system. Use the Tesla app to set Charge on Solar limits and have your vehicle charge using extra solar energy."

If you have all the required hardware and software, you can go to your Tesla app, and under "Charge on Solar," you will be able to set your charge limit using excess solar energy. Tesla writes about the charge limit: "Your vehicle will charge from solar and the grid when your current charge level is below the left sun slider. After your vehicle's charge level passes the sun slider, your vehicle automatically switches to only charge on excess solar up to your charge limit. Solar power and home loads are variables so if you ever want to charge faster, you can simply increase the lower charge limit to a desired range." There's also a scheduling feature that stops charging with solar after a specific time if you know that your energy consumption will increase at a specific time.

Bank of America "will pay more than $250 million in refunds and fines," reports the Washington Post, "after federal regulators found the company systematically overcharged customers, withheld promised bonuses and opened accounts without customer approval." The Consumer Financial Protection Bureau [or CFPB] found the bank made "substantial additional revenue" for years by repeatedly charging customers $35 overdraft fees on the same transaction. The bank also denied cash and points bonuses it had pledged to tens of thousands of credit card customers. And starting in 2012, Bank of America employees enrolled customers in credit card accounts without their approval, obtaining credit reports without permission to complete the applications, the bureau said.
The bureau's director emphasized that "These practices are illegal and undermine customer trust," adding that America's CFPB "will be putting an end to these practices across the banking system."

The Post points out that Bank of America will now pay more than $100 million in restitution to customers, a $90 million fine to the CFPB and another $60 million fine to the Office of the Comptroller of the Currency. "Bank of America already has refunded customers denied credit card rewards and bonuses, the consumer bureau said. It will be repaying those it overcharged on fees by depositing funds into their account or sending a check..."

But how widespread is hte problem? Hundreds of thousands of customers were harmed over several years, the consumer agency said. Bank of America is the second largest U.S. bank, with 68 million residential and small business customers... In extra fees alone, the bank charged customers "tens of millions of dollars" between March 2020 and November 2021, federal regulators found. The regulator said Bank of America in that period hit customers with a $35 fee if they had insufficient funds to cover a charge. If the customer still lacked funds when the merchant resubmitted the transaction, the company assessed another $35 penalty... And bank employees opened credit card accounts for customers without their knowledge in a bid to meet individual sales goals, the CFPB said...

[T]he practice has given the banking industry a major black eye in recent years. Wells Fargo reached a $3.7 billion settlement with federal regulators in December over a range of violations, including opening millions of fake accounts. The CFPB fined U.S. Bank $37.5 million last summer over its own sham accounts scandal.

This is not Bank of America's first brush with federal regulators over its treatment of customers. The CFPB ordered the company to pay $727 million in 2014 over illegal credit card practices. The company paid another $225 million last year in fines over mishandling state unemployment benefits during the pandemic and a separate $10 million civil penalty over unlawful garnishments.
"The company did not admit or deny wrongdoing in its settlement with the agency..." notes the article. But a statement from the chairman of the U.S. Senate Banking Committee said Bank of America "has clearly broken the law in yet another case of Wall Street banks taking Americans' money to pad their already-massive profits...

"This kind of abuse is why we will continue to hold the big banks accountable, and it's why we need the Consumer Financial Protection Bureau — so consumers can keep their hard-earned money."