5,300 Wells Fargo employees created 2 million phony bank accounts and racked up huge fees, raking in commissions from their employer for being such great salespeople for the bank's services; meanwhile, the fees associated with the 2 million fake accounts created the appearance of much greater earnings for the bank, which it trumpeted to its investors.

DNC chair Debbie Wasserman Schultz is the establishment candidate's establishment candidate: she co-sponsored SOPA, blocked reform of loan-sharking payday lenders, voted against marijuana law reform, called for the prosecution of SOPA, and chaired Hillary Clinton's 2008 campaign. She's served six terms in office and never had to face a primary challenger, until now.

A federal judge called America's move to forced arbitration and bans on class-action suits — bans favored and enabled by Scalia — "among the most profound shifts in our legal
history."

Local Progress is a national coordinating organization for left-wing US city councillors that supports initiatives like higher minimum wages, bans on fracking and deportation detention centers, multilingual information for voters, guaranteed sick leave, predictable working hours for part-timers, restricting foreclosures, and improving access to voting.

House Bill HR1737 will create penalties for auto-lenders who substantially overcharge black and latino customers through gouging on dealer markups.

A few months ago, I noticed that PayPal put a "pay later" button where the usual payment button would be. It's a tricky way to snooker users into the credit/debt treadmill, and PayPal has been fined for this fraudulent behavior, writes Josh Lowensohn. — Read the rest

Even the farsighted Founding Fathers could not have foreseen this–the Fed is now on Twitter! Just think of the possibilities– one fine Friday any Fed functionary could foment a world crisis in 140 characters or less! It could be as simple as a typo. — Read the rest