Overdraft fees could drop to as low as $3 under new White House proposal
The proposed change by the Consumer Financial Protection Bureau would potentially eliminate billions of dollars in fee revenue for the nation’s biggest banks.
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Amazon to invest in Diamond Sports as part of bankruptcy restructuring agreement
Under the terms of the restructuring agreement, Amazon will make a minority investment in Diamond and enter into a commercial arrangement to provide access to Diamond’s content via Prime Video.
UAW members overwhelmingly approve new contract with Allison Transmission
More than 81% of United Auto Workers Local 933 members voted Tuesday to ratify a new employment contract with Indianapolis-based Allison. The members had been working under the terms of a previous contract that expired in mid-November.
Report: Colts owner Irsay found unresponsive last month after suspected overdose
TMZ reported that Colts owner Jim Irsay was found in his bed, unresponsive, cold to the touch and gasping for air around 4:30 a.m. Dec. 8.
Music, visual arts highlight NBA All-Star host committee’s cultural plans
Nearly 90 public artworks will be installed to celebrate the NBA All-Star Game scheduled for Feb. 18 at Gainbridge Fieldhouse.
Motto hotel project in King Cole building delayed but still kicking, developer says
More than a year after the original projected completion, the $54 million hotel renovation project shows little evidence of progress. But work behind the scenes continues, the developer told IBJ.
Bill seeks to help local governments define decorum for public meetings
House Bill 1338, which lets municipalities define decorum and protect intervening law enforcement, passed out of the House Government and Regulatory Reform Committee unanimously and moved to the full House.
Avoid local emergency rooms for mild illness, health department urges
Hospitals in Marion County have reported a surge in patients, placing many of them at capacity, the health department said.
Supreme Court rebuffs Apple’s appeal on app payments, threatening billions in revenue
The Supreme Court on Tuesday allowed a court order to take effect that could loosen Apple’s grip on its lucrative iPhone app store.
Banks prepare to take on Biden administration over billions in overdraft fees
The Consumer Financial Protection Bureau is expected to propose rules this week that would further rein in banks’ ability to charge customers a fee when they overdraw their bank account.
Indianapolis women sentenced after embezzling $270K from WFYI
A woman who worked as an accounting specialist at WFYI Public Media from 2018 to 2020 and her co-conspirator have been sentenced to three years of probation.
JetBlue’s $3.8B buyout of Spirit Airlines blocked by judge citing threat to competition
The Justice Department said if JetBlue were allowed to buy Spirit, it would especially hurt travelers who depend on Spirit’s low fares.
Indiana could rake in millions more off legalized Internet gambling than previously estimated, report says
The updated report found that Indiana could bring in between $413 million and $929 million over the first three years of legalization in “average” conditions at different possible tax rates.
Supreme Court declines to step into the fight over bathrooms for transgender students
The Supreme Court on Tuesday passed up a chance to intervene in the debate over bathrooms for transgender students, rejecting an appeal from an Indiana public school district.
Bills to regulate large water withdrawals in Indiana face uncertain fate
The legislation comes in response to a state proposal to withdraw as much as 100 million gallons of water per day from aquifers connected to the Wabash River for the LEAP Research & Innovation District in Boone County.
Burger King owner buying out its biggest U.S. franchisee for about $1 billion
Carrols Restaurant Group runs 1,022 Burger King restaurants in 23 states, including more than 100 in Indiana.
Sales of existing homes in Indy area slumped 18% in 2023
Mortgage rates escalated for the first 10 months of last year. No surprise: Existing-home sales in the 16-county area dropped from 35,876 in 2022 to 29,483 in 2023.
New 600-capacity entertainment venue in Plainfield unveils preview events
Hendricks Live, a component of the new Plainfield Civic Center, on Tuesday announced three concerts and a series of community open houses.
Indiana lawmakers seem unlikely to tackle school consolidation in 2024 session
A new statewide report is fueling discussions about consolidating Indiana’s smallest school districts, but state lawmakers continue to lack an appetite for action—at least for now.
Trump notches record win in Iowa caucuses; DeSantis edges Haley for second
Iowa has been an uneven predictor of who will ultimately lead Republicans into the general election. George W. Bush’s 2000 victory was the last time a Republican candidate won in Iowa and went on to become the party’s standard-bearer.