WASHINGTON (Reuters) - Wells Fargo & Co will not finish paying back the estimated 600,000 customers it wrongly charged for auto insurance until at least 2020, the bank said in a letter to U.S. lawmakers seen by Reuters. A Wells Fargo logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith U.S. regulators slapped Wells Fargo with a $1 billion penalty in April when it admitted to wrongly forcing drivers into auto insurance policies. That agreement envisioned the customer payouts would finish within months. “We will be contacting customers and providing them with compensation in multiple stages throughout 2019, with the final stage scheduled for January 2020,” the bank said in a letter dated Oct. 9 to the Senate Banking Committee’s top Republican and Democrat. As Wells Fargo tries to complete a drawn-out remediation, bank executives are also trying to convince the Federal Reserve to lift a cap on growth put in place due to a string … [Read more...] about Exclusive: Wells Fargo says auto insurance remediation will not…
Walmart continues to surprise and amaze us with another new offering. Walmart has traditionally been known to offer rock-bottom prices on household items, food, and clothing. Now, if you want to compare auto insurance rates, you can go to the superstore for that, too. The store plans to offer these services through its partnership with AutoInsurance.com. The comparison service was created to assist drivers with saving money on auto insurance policies. Said Daniel Eckert, senior vice president of services for Walmart in a news release: “Providing our customers with access to a broad assortment — from groceries to tires — at low prices and in one location is what we’re known for. We’re bringing the same one-stop shopping mentality to the insurance industry with AutoInsurance.com.” Customers are offered several quotes from insurance carriers such as Esurance, Safeco, and Progressive. This new service is now only available in Arkansas, Louisiana, … [Read more...] about Walmart Launches Auto Insurance Comparison Service
Flint's Just Like Mom's Home Cooking, opened Monday on schedule in the ground-floor space in the Union Plaza Building, West Capitol Avenue and Louisiana Street, Little Rock (formerly Sufficient Grounds Cafe). Owner Flint Fanoy will be serving breakfast weekdays 6:45-10:45 a.m. and lunch (including a meat-and-two-sides plate lunch) from 10:45 a.m.-2 p.m.; he'll keep his grill and fryer open until 5 p.m. for catering, so you can drop by until then and snag a burger or some chicken wings but you won't get full service. The phone number is (501) 502-0100. David Smith, in his Sunday Business section column, reports that Conway-based Centennial Bank has paid $1.3 million for the erstwhile Dixie Cafe, 1215 Rebsamen Park Road, Little Rock, with plans to demolish it and put a branch bank in at least part of the space. We have an update on the planned relocation the downtown Little Rock McDonald's restaurant from its current location, 701 Broadway, a block north and on the opposite side of … [Read more...] about Restaurant transitions: Flint’s open in downtown LR; central Arkansas Red Robin ‘in progress; free Dippin’ Dots for National Ice Cream Day
The owner of the Excaliburger food truck said he is temporarily leaving Arkansas to sell cheeseburgers on a cross-country road trip throughout the United States. On June 26, a cryptic post on the eatery’s Facebook page stated: "The end of an era. It has been amazing. Thank you." The post caused some commenters to question whether the truck was permanently closing or simply moving locations. The food truck, which opened in 2011, had set up in the parking lot at Helmich's Auto Service, 2712 Kavanaugh Blvd. in Hillcrest, on Monday nights and opened the garage doors to provide additional seating. "Not closing for sure. You could say moving locations, but not forever," owner Kyle Pounders wrote in a Facebook message to an Arkansas Democrat-Gazette reporter. “Just on an indefinite road trip to sell cheeseburgers across America. It was the most American thing I could think of to do this summer." The truck was in Denver as of Tuesday. A request for further comment went unanswered, … [Read more...] about Excaliburger food truck leaves Arkansas as owner embarks on ‘indefinite road trip to sell cheeseburgers’ across U.S.
Daniel Bryant, who owns The Fountain in Hillcrest and the upcoming Sauce(d) restaurant, has confirmed he'll be developing the former Helmich's Auto Service, 2712 Kavanaugh Blvd. in Hillcrest, and the property behind it into a casual restaurant, apparently as yet unnamed, open for lunch and dinner, featuring burgers, a soda fountain and a full bar. The plans involve a controversial tear-down of the house behind the building and lot that will provide privately owned but public accessible park space that, River City Eats reports, will be enclosed so that it can be covered by the restaurant's liquor permit. Bryant says he hopes to open later this year. There's a precedent for serving burgers there: the Excaliburger food truck had for a while been setting up in the parking lot on Monday nights and opening up the garage doors to provide a seating area for patrons. And while we're on the subject of food trucks: • The Downtown Little Rock Partnership's Main Street Food Truck Fridays … [Read more...] about Burger restaurant planned for former auto service space in Hillcrest + latest food truck news