- LEED for Retail and LEED Volume Program make their official debuts
- New MasterCard report: Small retailer growth outpaces larger retailers for nine consecutive months
- Cache announces new credit facility
- Men’s Wearhouse closing tuxedo DC
- MasterCard Spending Pulse shows small retailer rebound in November
San Francisco, Wells Fargo & Co., the No. 5 U.S. bank, agreed to settle a California lawsuit and will pay from $19 million to $34 million as part of the deal. The nation’s fifth largest bank, which denied any wrongdoing, was accused of charging excessive credit card processing fees. In a statement, Wells Fargo said it was pleased with the settlement, adding that it "has always made full disclosures to merchants" about billing practices.