Banks Urge Congress To Continue Renewing Their “Get Out Of Jail Free” Cards

Banks Urge Congress To Continue Renewing Their “Get Out Of Jail Free” CardsNestled deep in the text of the lengthy contracts for most credit cards and bank accounts are little clauses that not only prohibit harmed customers from suing their bank or card issuer, but also prevents them from banding together with similarly injured consumers to argue their dispute as a group. In October, the Consumer Financial Protection Bureau announced it would consider limits on these clauses, but now the banking industry is trying to use its leverage with D.C. lawmakers to shut down that process.

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Yahoo Considers Getting Out Of The Internet Business

Yahoo Considers Getting Out Of The Internet Business

(Morton Fox)

Yahoo, one of the few remaining old guard Internet biggies still standing, has been trying to reinvigorate its business in the last few years, even spending oodles of cash in an effort to stake claims in the streaming video and daily fantasy sports markets. But so far, consumers have responded with a shrug and the company’s stock price has continued to fall since the beginning of 2015. That’s why the Yahoo board will reportedly be looking into the possibility of getting out of this whole “Internet” thing.

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