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February 18, 2014

Stuff you may have missed: February 18, 2014

According to the CBO, a minimum wage increase to $10.10 would cost half a million people their jobs … but on the other hand, another 900,000 people would jump above the poverty limit. The White House isn’t happy with this math.

The situation in Ukraine, already quite violent, translated to one of the country’s deadliest days ever on Tuesday. What’s causing the unrest? Here’s a quick explainer from NBC News.

Why you should always read the fine print: Capital One’s new cardholder contract says that the company can pay you a personal visit if necessary. Oops.

What are you gonna pick? Anything other than Hot Pockets.

Dear Obama: It’s OK not to respond to some criticism.

21:47 // 7 months ago
July 18, 2012

The Consumer Finance Protection Bureau’s first blood: Capital One takes a hit

  • $150M the amount Capital One has agreed to reimburse customers in a settlement with the U.S. Consumer Finance Protection Bureau
  • 2M the number of people who may be affected by the deceptive marketing of unnecessary add-on programs, such as credit monitoring services
  • $75 the average amount each person affected would get, before legal fees; the settlement is the CFPB’s first act of enforcement source

» What this means for consumers: This settlement isn’t simply something that affects Capital One’s customers — rather, it helps set some guidelines for the entire industry, by forcing stronger warnings on add-on services sold by credit card companies; by setting a standard for clear payouts of refunds to consumers; and by discouraging other companies from selling the programs, which many consumer advocates dismiss as “junk products.” Simply put, the Capital One settlement sets a future standard for the financial industry as they work with the CFPB.

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17:06 // 2 years ago
June 30, 2011
abcworldnews:

An ATM receipt showing a $100 million account balance was left behind at a Hamptons, Long Island Capital One bank. The receipt, uncovered by Dealbreaker.com, reportedly belongs to billionaire hedge fund manager and Hamptons resident, David Tepper. The ATM slip shows a savings balance of a whopping $99,864,731.94. Needless to say - he had to pay the $2.75 - just like the rest of us. When contacted by Dealbreaker, Mr Tepper joked that he “hadn’t used an ATM since Lehman.”  (Taken with instagram)

If Mr. Tepper would like to invest in some new media technology by pulling something out of his ATM account and giving it to us, we’d greatly appreciate the help. :)

abcworldnews:

An ATM receipt showing a $100 million account balance was left behind at a Hamptons, Long Island Capital One bank. The receipt, uncovered by Dealbreaker.com, reportedly belongs to billionaire hedge fund manager and Hamptons resident, David Tepper. The ATM slip shows a savings balance of a whopping $99,864,731.94. Needless to say - he had to pay the $2.75 - just like the rest of us. When contacted by Dealbreaker, Mr Tepper joked that he “hadn’t used an ATM since Lehman.” (Taken with instagram)

If Mr. Tepper would like to invest in some new media technology by pulling something out of his ATM account and giving it to us, we’d greatly appreciate the help. :)

10:59 // 3 years ago