Federal regulators considering legal action against TCF Bank

Feds taking a look at TCF. MPR’s Martin Moylan reports, “Federal regulators are considering legal action against TCF Bank, alleging "unfair, deceptive and abusive" practices related to its overdraft program. … The bank automatically provides overdraft coverage for checks and electronic payments for things like utility bills unless customers request to be excluded. But it does not provide overdraft protection for ATM and debit card transactions unless customers authorize that. … The Consumer Financial Protection Bureau says it's concerned about TCF's opt-in requirements for providing overdraft protection.”

Some light weekend reading for you. The Star Tribune’s Josephine Marcotty writes, “A 10-year environmental review of Minnesota’s first — and highly controversial — copper-nickel mine is done. … The Department of Natural Resources plans to release the final version of the 3,000- page Environmental Impact Statement at 12:30 p.m. It’s a key milepost in the longest-running environmental review the state has ever conducted, an indication of the public interest and ecological risks that the proposed mine presents.”

Can’t believe this took so long. The AP reports (via the Pioneer Press): “ Twister, the Minnesota-born parlor game once too hot for the Sears catalog but cool enough for Johnny Carson, was inducted Thursday into the National Toy Hall of Fame. The class of 2015 also includes the old-as-time puppet and Super Soaker -- think squirt gun on steroids. … A panel of experts picked the inductees from a field of 12 finalists that also included the spinning top, coloring book, Wiffle Ball, American Girl dolls, Battleship, Jenga, PLAYMOBIL, scooter and Teenage Mutant Ninja Turtles.”

If this band formed today it would have to be the Source-Separated Organics. MPR reports, “ ‘Surfin' Bird’ was the biggest hit to come out of Minnesota in the 1960s — but The Trashmen weren't the only young rock and roll band in town. … The new book ‘Everbody's Heard About the Bird: The True Story of 1960s Rock N Roll in Minnesota’ by veteran Minnesota journalist Rick Shefchik tells the story of The Trashmen — and the bands that came before and after.”

Caribou bucks Bruegger’s. Minneapolis/St. Paul Business Journal’s Clare Kennedy writes, “Caribou Coffee says it won't open any more locations with Bruegger's Bagels. … The Brooklyn Center-based coffeehouse chain co-located with Bruegger's since 2013, but recently started opening hybrid stores with Einstein Bros. Bagels instead. … ‘Bruegger's has been a great partner for a long time, and the [Caribou/Bruegger's] stores that are already open will stay open. We're pleased with how they're performing,’ Caribou Chief Development Offider Matt Spanjers said.” Please with their performance but changing partners anyway? That story seems to have a hole in it.

In other news…

Minneapolis: one of the twenty richest cities in the U.S. [Bloomberg Business]

St. Paul Police Chief Thomas Smith announces retirement. [stpaul.gov]

If Saturday’s game were decided by the mascots, Ohio State wouldn’t stand a chance against the U. [SB Nation]

1978 Ohio prison escapee apprehended in St. Paul:

You can also learn about all our free newsletter options.

Comments (6)

  1. Submitted by Hiram Foster on 11/06/2015 - 02:15 pm.

    University

    With TCF’s name on it’s stadium, this is one more embarrassment for the University of Minnesota. Has anything gone right for the UofM lately?

  2. Submitted by Robert Moffitt on 11/06/2015 - 03:38 pm.

    Caribou Coffee wants to start seeing other bagel shops…

    …but it and Bruegger’s will always be “friends.”

  3. Submitted by Hiram Foster on 11/07/2015 - 08:30 am.

    Naming rights

    I do think that naming the stadium after Bruegger’s or Caribou would have reduced the risk of subsequent embarrassment.

  4. Submitted by richard owens on 11/07/2015 - 10:53 am.

    PolyMet and the Perpetual Reverse Osmosis Machine.

    The DNR apparently believes these PolyMet assurances:

    “The water won’t get away without being treated.”

    “Effluent probably won’t flow north anyway.”

    “The water treatment system will improve the water that’s already being held, at least initially.”

    “After 7 or 8 years new technology will probably be discovered so the reverse osmosis method can be improved to clean the sulfide mining pollution into eternity at some really low cost.”

    [quotes are mine]

    IN MY OPINION this kind of mining should never be allowed anywhere in Minnesota.

    Who thinks the DNR report is neutral as they claim? If Industrial Reverse Osmosis will be required into the foreseeable future to protect Minnesota’s most pristine surface waters, DNR “neutrality” is more likely acquiescence to the mining industry.

    What will become of the talcum-powder consistency tailings? How do you contain a substance so fine that wind and water will make it flow and blow?

    20 more permits and the future of those waters will be sealed.

    Somebody better wake up. Our politicians might trade our natural inheritance to win votes for the next elections.

    • Submitted by Harris Goldstein on 11/07/2015 - 07:30 pm.

      It’s not even the foreseeable future – it’s the indefinite future.

      What the DNR essentially said is that IF the models are correct, and IF the treatment process works as advertised, and IF there are financial guarantees reaching out forever plus 1 day, then the waste products can be treated to acceptable levels.

  5. Submitted by Greg Kapphahn on 11/09/2015 - 10:04 am.

    The Foreseeable Future?

    What our friends on “the range” seem to be determined to COMPLETELY blind themselves to,…

    is the reality that mining is no longer a viable way for large numbers of people to make a living in that area.

    The reality is, that since the many attempts to create other livelihoods in that area seem to have failed (repeatedly),…

    many of it’s current residents are likely going to have to move elsewhere to find employment and build new lives,…

    a bit of a parallel to what has happened with farmers and small towns across the Southern and Western regions of the state, as they’ve emptied out in response to changes in the farm economy.

    Sadly, the current generation of residents and political leaders in “the range” are still in such denial about that reality,…

    and so determined to cling to the past,…

    that they’re willing, for the sake of a decade or two of jobs which allow a few of them to stay where they are,…

    to pollute the entire region in ways that will mean far fewer people will EVER want to live their,…

    or even visit,…

    in the future.

    In ancient times, enemies used to salt the fields of conquered nations thus seeking to make sure those nations would never be able to grow plentiful crops and rise again.

    It’s tragic that today’s residents and leaders of “the range” are, for a few dollars in political contributions and a few jobs lasting a few years,…

    completely willing to do the same thing to their own descendants and any other people who might have been future visitors and residents of “the range.”

Leave a Reply