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Business

New York City could become latest to punish cashless businesses

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agrobacter/iStock(NEW YORK) — New York could become the latest city to punish businesses that refuse to accept cash. New York’s City council will vote on a bill Tuesday that would prohibit most shops and restaurants from refusing to accept payments in cash amid concerns that cashless policies could discriminate against lower-income patrons or those without bank accounts. The council’s Committee on Consumer Affairs and Business Licensing voted to approve the bill on Monday. Committee chair Rafael Espinal, a co-sponsor of the bill, said cashless polices disproportionately impact unbanked New Yorkers who are much more likely to rely on payday loans and check cashing facilities. “I’m happy that we can draw attention to some of the unintended consequences of new cashless technologies and how they impact marginalized populations,” Espinal said at a hearing on Monday. “When attitudes toward cash equate it with being dirty, antiquated, or unsophisticated, we risk stigmatizing the communities who rely on it.” About 12% of New Yorkers in 2013 did not have bank accounts, Espinal said, highlighting domestic violence survivors who don’t wish to be traced and

What consumers are entitled to in the $700 million Equifax settlement over the 2017 data breach

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Igor Golovniov/SOPA Images/LightRocket via Getty Images(NEW YORK) — Credit reporting agency Equifax will likely pay out a $700 million settlement over the 2017 data breach that exposed the social security numbers of an estimated 147 million people, according to federal officials. A proposed settlement would involve the company providing up to $425 million in monetary relief to consumers and a civil money penalty of $100 million, along with other amounts of relief, the Consumer Financial Protection Bureau and the Federal Trade Commission announced in a joint press release on Monday. The settlement still needs to be approved by the U.S. District Court in Atlanta, according to the statement. The company has also agreed to pay $175 million to 48 states as well as the district of Columbia and Puerto Rico, the FTC tweeted. FTC Chairman Joe Simons accused Equifax of failing to take “basic steps” to prevent the breach, of “deceiving consumers” about the strength of its data security program and of “engaging in acts and practices that caused additional harm or risk to consumers, the release states. The settlement

For $2,500 a month travelers get unlimited luxury hotel stays with new service

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yesfoto/iStock(NEW YORK) — Think of it as Rent the Runway, but for luxury hotel stays. Inspirato has just launched what’s being billed as the world’s first luxury travel subscription service. For $2,500 per month, members of Inspirato Pass get access to more than 60,000 worldwide luxury vacation homes, hotels, resorts and experiences including cruises, safaris and sporting events, with no nightly rates, taxes, or fees. To book, passholders visit the Inspirato Pass website and browse available trips in more than 150 locations throughout the U.S., Mexico, Central and South America, Europe and Asia. Reserve any available trip and book the next reservation upon check out. The list of available trips refreshes daily, with a continual supply of new choices, the company said. A check by “Good Morning America” showed 72,000 trips available with no filters applied to destination or check-in date. We checked a peak travel week — Christmas 2019 week — and found more than 1,400 trips, some in popular destinations like New York City and Paris as well as warm-weather destinations like Miami and Mexico. With peak travel

Suspension of flights 'has nothing to do with Cairo airport': British Airways official

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studioEAST/Getty Images(LONDON) — British Airways’ abrupt decision to suspend flights to Cairo for seven days is not related to security concerns at the Cairo airport, an official at the airline told ABC News on Sunday. “We have no concerns over security at Cairo Airport. The decision is purely related to the airlines,” said Sherif Barsoum, British Airways’ regional director. “The British team that inspected the airport last week found nothing alarming; it was a positive visit.” The British government issued a travel warning for Egypt on Saturday citing a “heightened risk of terrorism against aviation.” British Airways and German carrier Lufthansa suspended flights to Cairo as a security “precaution.” British Airways flights were suspended for seven days, while Lufthansa flights were scheduled to resume on Sunday. “There’s a heightened risk of terrorism against aviation,” the British Foreign and Commonwealth Office (FCO) said in a statement on Saturday. “Additional security measures are in place for flights departing from Egypt to the UK. You should co-operate fully with security officials at airports.” During a meeting with British Ambassador to Cairo Geoffrey Adams

Lufthansa, British Airways suddenly suspend all flights to Cairo as 'precaution'

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studioEAST/Getty Images(LONDON) —  British Airways and the German carrier Lufthansa said on Saturday they had suspended all flights to Cairo for seven days as a security “precaution,” but offered no additional details. “We constantly review our security arrangements at all our airports around the world, and have suspended flights to Cairo for seven days as a precaution to allow for further assessment,” British Airways said in a statement. “As safety is the number one priority of Lufthansa, the airline has temporarily suspended its flights to Cairo today as a precaution, while further assessment is being made,” Lufthansa said in a statement. “We do not have any additional information at this time.” Ticketed BA customers were caught off guard at Heathrow on Saturday, as they suddenly received notice their flights would not take off. “Currently about to board a @British_Airways flight to Cairo and it’s cancelled. Not for a day. Not for two days but for seven. Security risk. Someone knows something we don’t,” tweeted Currently about to board a @British_Airways flight to Cairo and it’s cancelled. Not for a day.

50 years after the moon landing: How close is space travel, really?

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iStock(NEW YORK) — When Americans first walked on the moon 50 years ago, the idea of space travel crystallized into a graspable future. Bolstered by a geeky shift in pop culture that launched and relaunched franchises such as Star Wars, Battlestar Galactica and Star Trek, Americans saw intergalactic storylines that never touched Earth. Life in space seemed so close. Yet the last time Americans went to the moon was in 1972, and with the closure of the National Aeronautics and Space Administration (NASA)’s space shuttle program in 2011, the U.S. government currently doesn’t have the ability to fly astronauts anywhere. “There’s a couple young people who watched the lunar lander 50 years ago and thought: ‘By 1980 we’ll have bases on the moon and by 2000 we’ll be on Mars,'” Commercial Spaceflight Federation (CSF) President Eric Stallmer told ABC News. “And there’s a bunch of entrepreneurs who are thinking, ‘Why can’t we do that?'” It’s exactly that frustration — that we’ve not further explored space — that could lead to the closest we’ll get to space tourism yet, possibly by

Employees quit store in protest after alleged racism by manager

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KGTV(SAN DIEGO) — Two employees have quit a consignment shop near San Diego after their manager allegedly used racist language while dealing with a Hispanic customer at the store last week. Celia Miranda, one of those employees who resigned in protest, told San Diego ABC affiliate KGTV that her manager got into an argument with a customer over a contract she had signed and told the customer, “I think that people who do not speak English have no business consigning here.” Miranda said she tried to defend the woman and her young daughter, who wanted to buy back a pair of shoes she’d left at the Encinitas, California, store, called My Sister’s Closet, but was forced by her boss to leave. “They humiliated me in a terrible way, and I’m frustrated I didn’t help her more,” Miranda told KGTV. “I wanted to help her more, but they made me leave.” The owner of My Sister’s Closet, Ann Siner, apologized to the customer and promised to better deal with Spanish-speaking customers in the future. “We apologize for the experience a Latina

What's in a decimal point? Maybe a $9672 Uber ride

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iStock(NEW YORK) — An Uber glitch moving the decimal point over two spaces caused several riders to be charged eye-popping fares this week, or 100 times the original amount. After users took to social media earlier this week, Uber copped to the problem and said it would work with banks and credit card issuers to resolve the payment problems. Tech worker Aaron Himelman tweeted at the company on Wednesday, saying his wife was charged almost $10,000 for a fare. “Hey @uber, you charged my wife $9672 for a ride that was listed as $96.72, and there’s no way to get in touch with you,” Himelman wrote. Himelman did not immediately respond to a request for comment about his wife’s Uber experience or whether the account had been refunded. The company admitted it had experienced a service interruption that resulted in a higher amounts held on the cards connected to Uber accounts, but that it had been fixed. It also said that riders would only be charged for the correct amount and that the company would work directly with banks to

Outdoor Voices CEO Ty Haney announces she is pregnant

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Nicholas Hunt/Getty Images(NEW YORK) — Entrepreneur Ty Haney, the founder and CEO of Outdoor Voices, is pregnant with a baby girl! Haney, 30, is expecting her first child with her fiance Mark Wystrach, and is due this November. “As a young female founder and CEO it’s so cool to show that you don’t have to choose career or family,” she told Good Morning America. “And that you don’t have to pick one path, that you can parallel path those things.” “As a female-founded company my hope is to make strides as to understanding what the needs are for parents in the workplace, and to really take action,” she added. In only four years, the 30-year-old CEO has made an impression in the fashion industry, raising more than $56 million from investors like Google Ventures and attracting former J.Crew CEO and venture capitalist Mickey Drexler as chairman of the board. Haney added that they currently have a policy that welcomes dogs in the office, but they’re looking to expand that to help working parents. Haney said her fiance was “a little

Neutrogena recalls light therapy masks for risk of eye damage

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jfmdesign/iStock(NEW YORK) — Neutrogena has recalled its popular Light Therapy Acne Mask citing a “theoretical risk of eye injury” “For a small subset of the population with certain underlying eye conditions, as well as for users taking medications which could enhance ocular photosensitivity, there is a theoretical risk of eye injury,” the brand wrote in a statement. The mask, which is designed to fight breakouts, uses blue light therapy to target acne-causing bacteria and red light therapy to reduce inflammation. It became a popular selfie mask that beauty enthusiasts on Instagram, as well as celebrities, have raved about. Neutrogena said that it had announced the recall out of an abundance of caution, and the brand said it believes the product to be safe when used once per day as directed. “Reports of visual effects associated with the use of the Neutrogena Light Therapy Acne Mask are rare, generally mild and transient,” the brand wrote in a statement. “For a small subset of the population with certain underlying eye conditions, as well as for users taking medications which could enhance ocular