Capital One to pay $210 million in fines, consumer refunds

In its first public enforcement action, the Consumer Financial Protection Bureau announced it is fining Capital One Bank for pressuring and misleading two million customers into buying additional products when they opened their credit card accounts. The bank will refund roughly $140 million to customers and pay an additional $25 million penalty to the CFPB for using deceptive marketing tactics, […]

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Heat Wave Bakes Half the US; 30 Dead

Americans dipped into the water, went to the movies and rode the subway just to be in air conditioning Saturday for relief from unrelenting heat that has killed 30 people across half the country. The heat sent temperatures soaring over 100 degrees in several cities, including a record 105 in Washington, St. Louis (106), and Indianapolis (104), buckled highways and […]

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Some states not changing course amid rising tide of health care reform

Repeal and replace — or at least resist — is the Republican mantra in the wake of last week’s Supreme Court ruling upholding President Barack Obama’s signature health care reform law. Presumptive GOP presidential nominee Mitt Romney promises to get rid of Obamacare if elected, and at least four Republican governors say their states will hold off implementing main provisions […]

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Doing Apps and Start-Ups While Still in High School

Like many young entrepreneurs here in Silicon Valley, Matthew Slipper knows that success does not come easy. His first start-up, an online education venture, flopped. His second, a video-sharing app for the iPhone, has sold only 20 copies. But Mr. Slipper is optimistic. He should be. He’s just 18, a founding member of the Paly Entrepreneurs Club, an extracurricular group […]

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Americans divided on health care ruling

Thursday’s Supreme Court ruling upholding President Barack Obama’s health care law has Americans divided, according to the first survey following the landmark decision. Friday’s poll from USA Today/Gallup showed 46% of Americans agree with the court’s ruling, with 46% saying they disagree. Opinions were predictably split along party lines: 79% of self-identified Democrats agreed with the decision to uphold the […]

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Why We Need Pension Reform

A day after governor scott Walker won his recall election, the New York Times wrote, “The biggest political lesson from Wisconsin may be that the overwhelming dominance of money on the Republican side will continue to haunt Democrats.” Democrats have drawn much the same conclusion. “You’ve got a handful of self-interested billionaires who are trying to leverage their money across […]

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