Now it's a rare thing for Americans to get a glimpse of Ben Franklin's face on a hundred dollar bill. Even if they have a hundred bucks most people do not carry a hundred dollar bill in their wallets. Many stores don't even accept bills that large because they fear counterfeits. So here's a surprise contained in a recent report from the Federal Reserve: Three-quarters of all American currency in circulation is in the form of hundreds.
A New York-based debt settlement agency has been charged with fraud. Yesterday, the company's owner and three employees were arrested. Federal prosecutors say the company cheated already cash-strapped customers out of millions.
As NPR's Dan Bobkoff reports, this case is notable for another reason: it's the first criminal case based on work by the new Consumer Financial Protection Bureau - an agency created under the law known as the Dodd-Frank Act.