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Business and Economic News

Wells Fargo to pay $3.7B over consumer law violations

Wells Fargo to pay $3.7B over consumer law violations

The banking giant agreed to settle charges that it harmed customers by charging illegal fees and interest, as well as incorrectly applying overdraft fees. It's the largest fine ever leveled against a bank by the CFPB and the largest yet against Wells Fargo.

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3M to stop making 'forever chemicals' by end of 2025

3M to stop making 'forever chemicals' by end of 2025

3M said in a news release Tuesday it would discontinue manufacturing PFAS and aim to end the chemical’s use “across its product portfolio” by 2025.
by Kirsti Marohn

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In the Southeast, power company money flows to news sites that attack their critics

In the Southeast, power company money flows to news sites that attack their critics

Alabama Power and Florida Power & Light hired the consulting firm Matrix to help shape their fortunes. Matrix funded six sites that covered politics, filling a void left by the decline of local news.
by David Folkenflik, Mario Ariza and Miranda Green

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