Aussie banks to return $19 million charged in high fee to low-income customers By Reuters – Investing.com
(Reuters) – Four Australian banks will refund a combined A$28 million (U.S. $18.95 million) to low-income customers after an investigation by the corporate regulator found they were kept in bank accounts that charged high fees when they were eligible for cheaper products. A report released on Monday by the Australian Securities and Investments Commission (ASIC) […]
Tesla investors call for judge to reject $7 billion legal fee in Musk’s pay case
Panelists Al Root and Jack Otter discuss how Tesla shareholders voted to reinstate a roughly $50 billion compensation package on Barron’s Roundtable. Tesla shareholders are due to appear in court in Delaware on Monday to ask a judge to reject the company’s “exorbitant” demand for $7 billion in attorneys’ fees to the lawyers leading the […]
Tesla, shareholder clash over $7B legal fee request in Elon Musk pay case
Lawyers for Tesla and shareholders clashed in court on Monday over the value of a lawsuit challenging CEO Elon Musk’s huge compensation package and seeking the company to pay a record $7 billion in legal fees. The two experts testified for more than three hours in opposition to each other about the benefits to Tesla […]
Illinois' landmark credit card fee law prompting strong opposition – Chicago Tribune
Illinois lawmakers last month, during the legislative spring recess, became the first state in the nation to ban banks and credit card companies from charging retailers seemingly small fees for sales taxes and tips. But since Gov. JB Pritzker signed the ban into law, financial institutions that opposed the measure have stepped up their opposition […]
Amazon plans revamp of Alexa with monthly fee, AI features
Amazon plans to overhaul its decade-old, money-losing Alexa service by introducing a generative conversational AI with a two-tiered service, with access to the higher version costing around $5 a month, according to people with direct knowledge of the company’s plans. The project, known internally as “Banyan” after the sprawling fig tree, marks the first major […]
$1,000 in This Vanguard ETF Incurs a Mere $1 Annual Fee, and It Has Beaten the S&P 500 and Nasdaq Composite in 2024 – The Motley Fool
The Vanguard S&P 500 Growth ETF is up more than 18% year to date and shows no signs of slowing. Exchange-traded funds (ETFs) are a simple, hassle-free way to invest in a variety of companies. Many low-cost Vanguard index funds mirror the performance of major benchmarks, such as: S&P 500 And that Nasdaq Composite Index […]
EBay will no longer take American Express cards, citing 'unacceptably high fees', in the latest shot in the credit-card fee wars – Fortune
EBay is dropping American Express cards as a payment method due to “unacceptably high fees,” according to a statement from the online marketplace. EBay notified customers about the changes on Wednesday, which are set to take effect on Aug. 17. “After careful consideration, eBay has decided that as of August 17th, we will no longer […]
Appeals court rejects SEC fee rule in win for private equity, hedge fund industry
A U.S. appeals court has struck down a Securities and Exchange Commission rule aimed at giving investors more transparency into private funds, handing a victory to an industry with nearly $27 trillion in assets. In a 3-0 decision on Wednesday, the New Orleans-based U.S. 5th Circuit Court of Appeals ruled in favor of six private […]
Truckers file lawsuit against NYC over city’s ‘congestion fee’
See what’s clicking on FoxBusiness.com Truck Association new york New York City filed a federal lawsuit against the Metropolitan Transportation Authority on Thursday over the city’s congestion pricing, arguing that the agency unfairly charges trucks and goods transport more than passenger cars. Under the March proposal, trucks would be charged $24 or $36, private car […]
Amazon to launch new AI-powered Alexa with subscription fee: report
Amazon plans to introduce a more conversational, artificial intelligence-powered version of its Alexa voice assistant later this year, and plans to charge a monthly subscription fee to offset the technology costs. CNBC reported Wednesday. The e-commerce giant has not yet disclosed pricing for the new service, but people familiar with the company’s plans said Alexa […]