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Business Practices & Corporate Accountability Reports

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2009-05-07
Analysis of new state data shows that CVS is the still the most penalized retailer in the Commonwealth when it comes to violating state pricing law – and gets caught for illegal overcharges more than its main national competitors, Walgreens and Rite Aid.
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2008-03-27
Credit card lending is enormously profitable. According to annual Federal Reserve Board of Governors’ (FRB) Reports to Congress, it is the most profitable form of banking. But the credit card industry is saturated.
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2007-09-11
These days, having a credit card is almost a necessity. In most households across the country, a credit card is essential to building up and maintaining a strong financial history while adding convenience to daily life. On campus, students rely on credit to pay for educational needs like textbooks, tuition and transportation. But to make more profit, the credit card industry has stepped up marketing and changed the rules to trap consumers into a cycle of high fees, penalty interest charges and other unfair practices.
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2005-08-11
By almost any measure, the cell phone industry is one of the real market-expansion success stories of the digital age. As of the end of 2004, there were 182 million wireless phones and related devices operating in the United States, up from 24 million in 1994.
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2005-07-19
Identity theft is one of the fastest growing crimes in America. Identity theft is the taking of another's personal information-such as social security number, name or date of birth-for the purpose of assuming the victim's identity to commit fraud. The Federal Trade Commission estimates that identity theft claims nearly 10 million victims annually, costing businesses and consumers $53 billion.
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2005-07-17
Identity theft is the fastest growing crime in the nation. Every week a new security breach of consumers' sensitive personal information exposes thousands, if not millions, of Americans to identity theft. These breaches are mostly the result of sloppy business practices by large corporations and government entities, and fuel the problem of identity theft.
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2005-03-01
Consumers increasingly rely on cell phone service to meet their basic communication needs. The use of wireless communications has skyrocketed over the past few years, jumping from approximately 24 million subscribers in 1994 to an estimated 170 million today.
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2005-03-01
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2002-06-27
Conflicts of interest and lack of independent funding have doomed both the national and state level accounting oversight systems in the United States. The state accounting boards and the network of overlapping, mostly self-regulatory federal accounting overseers act as classic “captive” regulators, serving management instead of serving investors and taxpayers.
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2002-03-27
At the end of the year 2000, U.S. households were accruing interest on $574 billion of revolving credit card debt, or debt carried over to the next month rather than paid off entirely.
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