NPI's Cascadia Advocate

Offering commentary and analysis from Washington, Oregon, and Idaho, The Cascadia Advocate is the Northwest Progressive Institute's unconventional perspective on world, national, and local politics.

Tag Archives: Consumer Protection

Banks drop plans to charge debit card fees

Excerpt: Bank of Amer­i­ca, acknowl­edg­ing that its lat­est attempt to shake more mon­ey out of its cus­tomers’ pock­ets was destroy­ing good­will and hurt­ing rev­enue, announced today that it was can­cel­ing its plans to impose a $5 month­ly fee for deb­it card use, fol­low­ing in the foot­steps of JPMor­gan Chase, Wells Far­go, Sun­Trust, and Regions, which have […]
Written by:Andrew Villeneuve
Categories:Core Encyclopedia Topics, Economic Security
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Netflix finally listens to its members, drops plans to spin off DVDs-by-mail as Qwikster

Excerpt: Net­flix is stay­ing Net­flix. The com­pa­ny announced this morn­ing that it was drop­ping its ill-con­ceived plans to spin out its DVDs-by-mail into a sep­a­rate web­site called Qwik­ster, after weeks of get­ting irate emails and phone calls from its mem­bers. Dear Mem­ber: It is clear that for many of our mem­bers two web­sites would make things […]
Written by:Andrew Villeneuve
Categories:Core Encyclopedia Topics, Economic Security
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Bank of America announces $5 monthly penalty for debit card use

Excerpt: Bank of Amer­i­ca Bank of Greed, one of the largest finan­cial insti­tu­tions in the world, announced today that it will begin charg­ing cus­tomers who use a deb­it card tied to their check­ing account a $5 month­ly penal­ty. (BofA is call­ing it a fee, but of course it’s real­ly a penal­ty). BofA is plan­ning to intro­duce […]
Written by:Andrew Villeneuve
Categories:Core Encyclopedia Topics, Economic Security
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Netflix announces its DVDs-by-mail business will now be called “Qwikster”

Excerpt: Two months after it announced that it was sep­a­rat­ing DVD rentals and stream­ing into sep­a­rate plans (and auto­mat­i­cal­ly rais­ing prices for cus­tomers who did not act to can­cel one or the oth­er), Net­flix CEO Reed Hast­ings has final­ly admit­ted the com­pa­ny did a poor job han­dling the announce­ment. In a blog post and in a […]
Written by:Andrew Villeneuve
Categories:Core Encyclopedia Topics, Economic Security
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Bank of America unilaterally amends deposit agreements for Pacific Northwest customers

Excerpt: Finan­cial “ser­vices” giant Bank of Amer­i­ca, which has been stag­ger­ing through 2011 under the weight of bad debt inher­it­ed from acqui­si­tions like Coun­try­wide, has begun inform­ing cus­tomers in Wash­ing­ton and Ida­ho that it is chang­ing the deposit agree­ments for per­son­al accounts in both states, NPI has learned. The changes will take effect on Octo­ber 14th, […]
Written by:Andrew Villeneuve
Categories:Core Encyclopedia Topics, Economic Security
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Netflix subjects customers to “price change”; opt-out required to avoid paying 60% more

Excerpt: Yes­ter­day, Net­flix sent out an email to its mil­lions of cus­tomers dis­clos­ing that it has decid­ed to raise its prices, effec­tive imme­di­ate­ly for new cus­tomers and effec­tive in Sep­tem­ber for exist­ing cus­tomers. The announce­ment, also post­ed to Net­flix’s blog and its Face­book page around the same time, has since drawn tens of thou­sands of com­ments, […]
Written by:Andrew Villeneuve
Categories:Core Encyclopedia Topics, Economic Security
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Costco to Washington State Legislature: “Have we got a deal for you…”

Excerpt: From: Cost­co To: Mem­bers, Wash­ing­ton State Leg­is­la­ture RE: Your finan­cial trou­bles Dear law­mak­ers, As one of Washington’s largest pub­licly-trad­ed com­pa­nies, Cost­co feels an oblig­a­tion to self­less­ly assist its state in weath­er­ing the ongo­ing fis­cal storm that has had such a dev­as­tat­ing impact on cit­i­zens and con­sumers alike. Last year the vot­ers of our state reject­ed […]
Written by:Steve
Categories:Core Encyclopedia Topics, Economic Security, Humor & Satire
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