Arnold Schwarzenegger reminds people about PPI deadline in FCA's latest campaign

Often-useless insurance was packaged with products that people may not expect such as car finance and store cards, watchdog says
An animatronic Arnold Schwarzenegger will grace UK television screens from Wednesday, reprising one of the all-action hero’s less critically acclaimed roles.
In the advert, the muscle-bound Hollywood star’s disembodied head, which is attached to tank tracks, emerges from a shopping basket to remind people of the 29 August deadline for claiming compensation for mis-sold payment protection insurance (PPI).
The unusual ad is the second time that Arnie has been enlisted to front a campaign by the Financial Conduct Authority (FCA). The watchdog wants to make sure consumers are aware that PPI was often tacked on to a wide range of products, not just loans.
Read more Banks are partly to blame for Ombudsman PPI mistakes The often-useless and frequently overpriced insurance was packaged with car finance, credit cards, catalogue credit, store cards and mortgag..

Metropolitan Diary: New Friends Upstairs

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New Friends Upstairs

Dear Diary:
When we first moved to New York 11 years ago, it was into a lovely, and affordable, duplex in Fort Greene.
One evening after we had lived there for a few months, we found a bottle of wine by the door with a note that said, “Sorry for the noise. Enjoy the wine! Your new neighbors from upstairs.”
We didn’t realize someone had moved in, but we loved the gesture and decided we had to share the bottle.
We went upstairs, knocked on the door and met a lovely young couple. She was studying for a master’s degree in psychology and he was an illustrator for magazines. They accepted our invitation to join us downstairs.

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I only had peanuts to offer as a snack, and I placed a large bowl on the coffee table in front of them. I noticed they didn’t touch it the whole evening.

About a year later they moved to another part of Brooklyn, to a larger place where they could start and raise ..

White Collar Watch: Why Elizabeth Warren’s Effort to Hold Bank Executives Accountable May Fall Short

Supported by Why Elizabeth Warren’s Effort to Hold Bank Executives Accountable May Fall Short Photo Senator Elizabeth Warren, Democrat of Massachusetts, introduced the “Ending Too Big To Jail Act” last month. Credit Tom Brenner/The New York Times A persistent complaint about the government’s response to the financial crisis has been that the executives who helped push the economy to the brink were not charged with crimes.
Prosecutors have not been able to prosecute managers with the usual tools for pursuing white-collar cases, like wire fraud or false statements, because defenses of ignorance or good faith could not be overcome.
One way to remedy that problem would be to lower the level of intent needed to establish a violation. Doing so might make it easier to hold an executive who is not part of day-to-day decisions responsible for wrongdoing.
Senator Elizabeth Warren, Democrat of Massachusetts, is the latest official to try to change the calculus for holding executives accounta..