It’s been nearly three years since a U.S. District Court first ordered Wells Fargo to pay out $203 milllion in refunds to settle a class-action suit involving the bank’s overdraft policies. Since then, the bank got a U.S. Circuit Court of Appeals to set aside that mountain of cash, saying California law can not override federal banking laws. Now the original District Court judge is once again ordering the bank to fork over the $203 million. [More]
Judge Tries, Again, To Slap Wells Fargo With $203 Million For Overdraft Policy
Comcast Has Been To My House 12 Times, Still No Cable
We receive a ton of e-mails from Comcast customers (and customers of all cable/internet/phone companies) about having to spend multiple days waiting for techs to install or fix their service. But most stories end — either happily or with the customer just giving up — around the third or fourth visit. That’s why we were so blown over by the story of one customer in Washington state whose ordeal with the reigning Worst Company In America has gone on for over four years. [More]
FCC Chairman To Relax Media Ownership Rules
Media conglomerates are preparing to feast on a banquet of local media outlets thanks to a resurrected proposal from FCC Chairman Kevin Martin. The Chairman wants to relax decades-old rules that bar media companies from owning both a newspaper and TV or radio station in the same local market. A similar proposal was presciently struck down three years ago by the Third Circuit Court of Appeals.
“Currently, a company can own two television stations in the larger markets only if at least one is not among the four largest stations and if there are at least eight local stations. The rules also limit the number of radio stations that a company can own to no more than eight in each of the largest markets.


