- Want proof that class-action lawsuits provide little value to consumers? The details from JPMorgan Chase’s $136 million settlement with 47 state attorneys general and the Consumer Financial Protection Bureau are starting to emerge and it looks like 5,000 Chase customers in Florida will split $4.6 million. That amounts to $920 per person.
STUDENT LENDING UPS AND DOWNS
- A rehabilitation program aimed at getting borrowers with defaulted student loans to start making repayments is showing signs of success. Borrowers who make nine payments in a 10-month span have the default wiped off their credit reports. Meanwhile, a company that specializes in offering checking accounts to students is facing an investigation over its debt collection practices by the state of Massachusetts.
WORTH NOTING: Inside Chipotle’s contamination crisis … Americas remain unimpressed with the economy … Bill Nye explains why its 70 degrees in New Jersey on Christmas Eve … Hyatt Hotels has found malware on computers used to process payments at its hotels … Illinois becomes the eighth state to declare daily fantasy sites as gambling … The most overpaid actors in Hollywood … Why, in the future, almost nobody will own a car … Where minimum wage is going up in 2016 … Who has the best chance at being the next president … The most productive ways to spend the holiday.
The best tech of 2015
Women pay more than men for basic products
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