News and notes from around the interweb:
- After Wells Fargo opened 2 million fake bank and credit card accounts in the names of their customers they don’t think customers should be able to sue because those people were customers and so their adhesion contract which requires arbitration should apply. This will play out in court, but normatively it seems to me that actions taken outside of the banking relationship such as this shouldn’t be governed by the banking agreement.
Copyright: jetcityimage / 123RF Stock Photo - Beyond FICO: The phone calls you receive may reveal your creditworthiness (HT: Alan H.)
- Someone tried to take a replica of the barbed wire-wrapped baseball bat used by the Walking Dead‘s Negan through a TSA checkpoint in Atlanta
- Fuel shortage at Melbourne, Australia airport: planes were getting half their usual fuel, some airlines sent them into Melbourne with extra fuel (this is only possible for some flights, given landing limits) and others taking off and adding an enroute refueling stop.
- Requiem for the Boeing 757
Wells Fargo – their apparent contrition didn’t last very long, did it? Skunks.
When you find yourself in a hole, first thing to do is stop digging. Since WF has brought in a backhoe instead, I have to figure the arbitration clause is rigged in the bank’s favor.