Visa and Mastercard have announced that they will pay retailers more than $6 billion to settle several class-action and individual lawsuits retailers have filed since 2005.
According to a Wall Street Journal story from earlier this month, the settlement stems from complaints that Visa and MasterCard, the largest card-payments networks in the world, prohibited retailers from imposing surcharges to customers using those credit cards.
As the financial crisis began to unfold in 2007, the New York Federal Reserve learned that some banks might have intentionally underestimated the rates they expected to pay for loans from other banks.
Documents the New York Fed released Friday, in response to a request from Congress, show that the banking regulator began to be concerned about the accuracy of LIBOR — or the London Interbank Offered Rate — late in 2007.
Born in a New York City bar from the minds of Londoner Terry Wolfers and Brit/Swede Petter Ericson Stakee, Alberta Cross crafts a distinct variation on American roots music. The band's use of folk and blues traditions within an old-school rock template works off the firm foundations laid by the likes of The Band and Neil Young.
This is ALL THINGS CONSIDERED from NPR News. I'm Melissa Block. It's Friday and we'll begin the hour with the week in politics. The presidential campaigns are trading barbs over Republican Mitt Romney's role at his private equity firm Bain Capital, specifically when did he stop managing the company. SEC filings appear to contradict Romney's claim that he ended his active management role in 1999 when he left to run the Salt Lake City Olympics.
The fate of Texas' new voter ID law is now up to a three-judge federal panel in Washington, D.C.
Lawyers for Texas and the Justice Department wrapped up five days of arguments in U.S. District Court Friday, with each side accusing the other of using deeply "flawed" data to show whether minorities would be unfairly hurt by a photo ID requirement.
David Rowell is an editor with The Washington Post. His first novel, The Train of Small Mercies, is just out in paperback.
When I was growing up in North Carolina, my family went to the same beach every year; it had the sand, the water and pretty much nothing else. Mostly that was OK, but the idea of a boardwalk, which I caught glimpses of on TV or in movies, seemed wondrous to me — like a carnival rolled out from a wooden carpet.