Consumer finance agency to probe overdraft fees
NEW YORK
Of all the bank fees that customers love to hate, overdraft charges on checking accounts have to be near the top. The government's new consumer protection agency appears to agree.
The Consumer Financial Protection Bureau said Wednesday that it will investigate overdraft fees. The agency said the probe could result in additional rules, perhaps even lawsuits.
American Airlines to avoid furloughs
DALLAS
American Airlines says that because of job-sharing and other steps, it won't have to furlough 500 flight attendants this spring.
The company and the Association of Professional Flight Attendants said Wednesday that the furloughs won't be needed because so many workers signed up for job-sharing and voluntary leave.
Cable companies shut interactive ad venture
NEW YORK
The country's largest cable TV companies are shutting down the bulk of a venture that let viewers interact with TV ads, laying off 120 employees.
Four-year-old Canoe Ventures made it possible for viewers of eight cable networks to request information by mail from TV advertisers by pressing a button on the remote. It was accessible in 25 million households.
However, the technology didn't catch on with advertisers, prompting the shutdown.
From wire reports
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