Capital One Bank has agreed to refund two million of its customers $140 million over allegations that it used deceptive marketing tactics to pressure or mislead customers into buying add-on products, the Consumer Financial Protection Bureau announced today. The bank and credit-card lending company will also pay a $25 million penalty.
This is the consumer watchdog agency's first public enforcement action.
In the documentary Fixing the Future, reporter David Brancaccio traveled across America to talk to people who are working to reinvent the American economy. Through innovative approaches to creating jobs and wealth — like time banking, worker cooperatives, local currencies and community banking — Americans are rethinking how we measure prosperity and calculate GDP.
NPR's Jennifer Ludden talks with Brancaccio about new experiments in the economy of the future.
With the veepstakes underway, NPR's Jennifer Ludden and Political Junkie Ken Rudin talk with Dan Schnur, director of the Unruh Institute of Politics at the University of Southern California, about the strategy of selecting a vice-presidential candidate.
After 14 years with NPR and nearly a decade covering Congress, Andrea Seabrook is striking out on her own. She began her career in the marbled halls of Capitol Hill before Twitter, before the Tea Party, before the first female House speaker and before that institution's approval ratings sank to near single digits.
Seabrook is launching a blog and podcast called DecodeDC.
With the addition of 29 counties in eight states today, there are now 1,297 counties across the nation so stricken by drought and heat that they've been declared natural disaster areas, Agriculture Secretary Tom Vilsack just announced. That's about one-third of all U.S. counties, he said.