PG&E to pay $70 million for pipeline tragedy

PG&E to pay $70 million for pipeline tragedy

Pacific Gas and Electric Co., a northern California utility, has agreed to pay $70 million to the California town of San Bruno for a pipeline explosion that killed eight people in 2010. Company says it’s remorseful The San Francisco-based power company’s president, Chris Johns, released a statement Monday, saying PG&E is sorry and eager to […]

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CFPB to look into overdraft fees

The newly-opened Consumer Financial Protection Bureau announced Wednesday that it will be looking into banking practices as they relate to overdraft fees. Near the top of consumer complaints, banks say that overdraft fees are a fair way to keep customers from getting overextended. Others say they are just a profit-making venture. CFPB probes banking practices […]

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Richard Cordray, director of the Consumer Financial Protection Bureau.
Richard Cordray, director of the Consumer Financial Protection Bureau. Image: ProgressOhio/Flickr/CC BY