Verizon has agreed to pay $58 million in rebates and $25 million in penalty fees for incorrectly charging fees to customers. The $25 million dollars is the largest amount ever paid to the FCC under a consent decree.
Elizabeth Warren blogged about her plans to make the Consumer Financial Protection Bureau as effective as possible. Her focus is on using technology to make for more effective, timely discoveries of lapses like the mortgage robo-signing fiasco that was recently uncovered.
The Washington Post has an in-depth look on Ms. Warren’s efforts on the technology front. It allows insight into Ms. Warren’s priorities via quotes from her Thursday speech at the University of Cal Berkeley.