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Wells Fargo agrees to reimburse 16 million customers via $3.7 billion settlement

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WASHINGTON — Consumer banking giant Wells Fargo has agreed to pay $3.7 billion to settle a long list of accusations that it harmed consumers by charging illegal fees and interest on auto loans and car loans. mortgages, as well as incorrectly applying overdraft fees on savings and checking accounts. The Consumer Financial Protection Bureau on …

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Walmart rolled out self-checkout to streamline operations and reduce labor - but employees and customers say it's causing increased theft

Walmart rolled out self-checkout to streamline operations and reduce labor – but employees and customers say it’s causing increased theft

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Walmart CEO Doug McMillon said stores could close if the growing wave of thefts is not stemmed. Customers and employees accuse self-checkout, which Walmart has increasingly relied on, of theft. One flight expert said automation “intrinsically means there will be fewer eyes on a transaction.” Loading Something is loading. Thank you for your registration! Access …

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Hertz will pay $168 million to customers falsely accused of stealing its cars

Hertz will pay $168 million to customers falsely accused of stealing its cars

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Over a span of several years, Hertz falsely accused more than 360 people of stealing rental cars, resulting in arrests and jail time for innocent customers. Now, the company will pay $168 million as part of a settlement. Cindy Ord/Getty Images hide caption toggle caption Cindy Ord/Getty Images Over a span of several years, Hertz …

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Self-checkouts annoy some customers and help shoplifters. Stores add it anyway | CNN Business

Self-checkouts annoy some customers and help shoplifters. Stores add it anyway | CNN Business

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New York CNN Business — Self-service payment arrived in the late 1980s in supermarkets. A decade later, it began to spread to large chains and pharmacies. Today, self-checkouts, loved by some and hated by others, have made their way into discount clothing stores and department stores. Kohl’s (KSS) is testing self-service payment terminals in a …

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Celsius customers with collateral stuck on failing crypto platform turn to bankruptcy process for relief

Celsius customers with collateral stuck on failing crypto platform turn to bankruptcy process for relief

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Alan Knitowski has an MBA, has worked in technology and finance for over 25 years, and is CEO of a Nasdaq-listed mobile software company. That didn’t stop him from getting duped by a crypto firm. Knitowski borrowed $375,000 from crypto lender Celsius over several years and posted $1.5 million in bitcoins as a guarantee. He …

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iPhone 15 Pro Rumored to Have These Exclusive Features as Apple Pushes Customers to High-End Models

iPhone 15 Pro Rumored to Have These Exclusive Features as Apple Pushes Customers to High-End Models

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While we’re still around 10 months away from Apple’s introduction of the iPhone 15 lineup, rumors are already suggesting that the high-end Pro models will have even more exclusive features than usual compared to the standard models this year. next. In September, analyst Ming-Chi Kuo said strong sales of iPhone 14 Pro models would likely …

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Crypto.com Customers Fear He Will Follow FTX As CEO Tries To Reassure Them All Is Fine

Crypto.com Customers Fear He Will Follow FTX As CEO Tries To Reassure Them All Is Fine

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The Crypto.com logo is seen on a booth during the Bitcoin 2022 conference in Miami Beach, Florida on April 6, 2022. Mark Bello | Reuters As the crypto universe considers the fallout from FTX’s rapid collapse last week and tries to determine where the contagion might be heading next, questions have swirled around Crypto.com, a …

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Customers Who Trusted Crypto Giant FTX Could Be Left With Nothing | CNN Business

Customers Who Trusted Crypto Giant FTX Could Be Left With Nothing | CNN Business

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New York CNN Business — As the dust settles from one of the most shocking financial implosions in history, one of the key unknowns is how much customers who can’t access their money expect to get back from FTX, the crypto exchange which filed for bankruptcy last week. The answer, according to legal experts, could …

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