Dimon Pledges to Change JPMorgan’s Practices on Payday Loans
News from New York Times:

Jamie Dimon, the chief executive of JPMorgan Chase, vowed on Tuesday to change how the bank deals with Internet-based payday lenders that automatically withdraw payments from borrowers’ checking accounts.

At an investor meeting on Tuesday, Mr. Dimon called the practice, which was the subject of an article in The New York Times on Sunday, “terrible.” He said JPMorgan was exami…………… continues on New York Times

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Tesla CEO vows to pay off DOE loan early
News from San Francisco Chronicle:

WASHINGTON (AP) — The chief executive of electric car maker Tesla Motors says his company plans to pay back an Energy Department loan in half the time required by the government.

CEO Elon Musk said Tesla plans to pay off the $ 465 million federal loan in five years, rather than 10 years. Musk made the comment Tuesday at a summit on energy innovation, where he appeared on stage with Energy Secretary

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