A federal finance protection agency is suing TCF Bank, a bank with close ties to the University of Minnesota, alleging that it tricked customers into accepting overdraft service fees so that the bank could generate more revenue. The Consumer Financial Protection Bureau last month said TCF Bank intentionally misled customers during the application process so they would accept an account option that charged $35 for each overdraft. TCF Bank has an exclusive partnership with the University of Minnesota that allows students to connect their U Cards to a checking account.
The newest student apartment complex in the Marcy-Holmes neighborhood is still under construction, but virtual reality technology is allowing prospective renters to get a sneak peek inside. CPM Companies’ latest apartment project — Spectrum — is scheduled for completion this summer on 8th Street Southeast, one block west of Interstate 35W.
On her 22nd birthday, Alison Kirwin stepped into Al’s Breakfast to visit a friend who worked at the tiny Dinkytown haunt — it was 1996, and Kirwin was a student at the University of Minnesota. With an employee absent that day, Kirwin volunteered to help with some of the eatery’s responsibilities. Now, two decades after her dishwashing days, Kirwin has taken over ownership of the compact institution on 14th Avenue Southeast, alongside co-owner, Doug Grina.
If you build it, they will come. Last year was the fifth consecutive year in which Minneapolis approved more than $1 billion in building permits, a result of the city’s dynamic economy.
Adding to the likes of Kowloon and Hong Kong Noodle, another Chinese restaurant is slated for Stadium Village. Lao Sze Chuan, a Chinese restaurant chain based in Chicago, plans to open its first Minnesota location below the WaHu apartment complex on Feb.
With a 27-story apartment complex slated to rise in Stadium Village, several of the area’s most popular local businesses have been forced to close recently to make way for the project in the neighborhood that has rapidly changed in recent years with the construction of several high-rise, mixed-use complexes. Harbor Bay Real Estate Advisors has plans to build a residential and commercial tower on the corner of Harvard Street and Washington Avenue, a block that currently holds a collection of Stadium Village business fixtures.