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 […]
Buttigieg ‘speechless’ as airlines sue over new fee rules
Transportation Secretary Pete Buttigieg harshly criticized recent lawsuits filed by major airlines over new rules that require airlines to disclose surcharges at the time of purchase. “We just issued a rule that will require airlines to notify you of the fees they charge before you buy a ticket,” Buttigieg said Tuesday. Post on social platform […]
Major airlines sue Biden admin over fee disclosure rule
Major U.S. airlines are suing the Department of Transportation over new rules requiring advance disclosure of airfares and recent clashes between airlines and the Biden administration. Airlines for America, along with American Airlines, Delta Air Lines, United Airlines, JetBlue Airways, Hawaiian Airlines and Alaska Airlines, filed the lawsuit late Friday in the U.S. Court of […]
United, Delta, American among airlines suing Biden admin over fee disclosure rule
A coalition of major airlines is suing the Biden administration over new rules requiring airlines to disclose surcharges at the time of purchase. The industry group Airlines for America filed the lawsuit Friday along with Delta Air Lines, American Airlines, United Airlines, JetBlue Airways, Hawaiian Airlines and Alaska Airlines. Airlines for America said in a […]
Judge blocks rule capping credit card late fees at $8 in junk fee setback for Biden – New York Post
A federal judge in Texas on Friday blocked a new Consumer Financial Protection Bureau rule that would have capped credit card late fees at $8, a victory for companies and banking groups that said the regulator exceeded its authority. U.S. District Judge Mark Pittman in Fort Worth. preliminary injunction The injunction had been sought by […]
Grayscale's Planned Mini Bitcoin ETF Will Have a 0.15% Fee, the Lowest Among Spot Bitcoin ETFs – Yahoo Finance
Grayscale’s new ETF product, Bitcoin Mini Trust, has fees set at 0.15%. Grayscale announced that it will donate 10% of its Grayscale Bitcoin Trust (GBTC) assets to Bitcoin Mini Trust (BTC). Grayscale, which currently offers the highest-cost spot Bitcoin ETF, has revealed that the planned spin-off version will have the lowest fees of all at […]
Now 120K points after $6K spend with no annual fee on the Chase Ink Business Unlimited credit card through Business Relationship Manager – Frequent Miler
The Chase Ink Business Unlimited card has a new benefit that lets you earn 120,000 Ultimate Rewards points on $6,000 in purchases within the first three months. This is an incredible perk for a card with no annual fee (though it’s worth noting that even if a couple plays the game in his two-player mode, […]