In our recent story on the Trump administration’s decision to roll back protections for potentially millions of student loan borrowers, we also told you about new Department of Education advisor Taylor Hansen, a former lobbyist for the for-profit college industry whose father is the CEO of a student loan debt collection company that has been suing Taylor’s new employer since 2015 for the right to charge thousands of dollars in fees to people who are already having trouble paying back their loans. Now comes news that Hansen’s brief life as a federal employee has come to an end. [More]
that was quick
Keurig Killing Kold Soda Machine After Less Than A Year On The Market, Will Offer Customers Full Refunds
Back in January, Wendy’s confirmed that it was looking into a data breach, adding later that it had found malicious software designed to steal customer information on computers that operate its payment processing system. As one might imagine, that didn’t go over well with some customers: a new class action claims the fast food chain was negligent in exposing its customers’ credit and debit card information to attackers. [More]
Earlier this month, New York state regulators gave their blessing to the pending $55 billion merger of Time Warner Cable and Charter Communications. What better way for TWC to celebrate than by jacking up rates for current cable and Internet customers in the Empire State?. [More]
Is an unlimited data plan still unlimited if there’s a threshold marking the point at which your network speeds will be slowed down? Sprint seems to think so: after telling customers in June that it would no longer throttle speeds for customers on its unlimited plan using an excessive amount of data, today Sprint has changed its tune, and says it’ll slow down customers when they reach a 23GB monthly threshold.
It feels like fewer than two weeks ago that JCPenney was coming to us, hat in heads, begging our forgiveness for the 18-month mistake that was the Ron Johnson era. Humbled, demure, wary of rejection after so much time in the dog house, JCPenney’s ad asked shoppers to please, please come back. [More]
Some called it the first “Facebook phone,” some called it by its name, the HTC First, and now there are those calling the whole joint venture between Facebook and AT&T a flop. According to one report making the rounds today, AT&T is getting ready to drop the HTC First after reportedly poor sales.
While some of us are still fretting about filing our taxes before the deadline, the Senate voted today to put a kibosh on the so-called Buffett Rule, a proposed tax reform intended to guarantee that those earning more than $2 million annually would pay a federal tax rate of at least 30%.