US Ships Should Face No Fees Traveling Suez, Panama Canals
President Donald Trump called for military and commercial vessels from the US to travel through the Canals of Sues and Panama without facing charges, adding that he had directed Secretary of State Marco Rubio to take care of the matter. “Both military and commercial American ships should be allowed to travel free of charge through […]
Federal judge removes cap on credit card late fees – KOMO
A federal court judge in Texas has repealed the Consumer Financial Protection Bureau (CFPB) rule, which limits “excessive” credit cards to late fees to $8. Judge Mark Pittman, who had already blocked the CFPB from implementing fee caps, has decided that the rule would illegally prohibit charging “reasonable and proportional” fees. Related | Congress kills […]
Fine-print fiasco: More carmakers charging subscription fees for once-free features
Hey, automakers: Upselling is enough! According to a new study, most drivers are tired of being asked to pay subscription fees for features such as heated seats and remote start that are already built into their cars. While the automaker claims it’s about safety and innovation, locking the horsepower behind the $1,200 Mercedes paywall feels […]
The Secret Fees Behind $9.7 Trillion in Passive ETFs – Morningstar
Passive exchange sales funds account for an astounding $9.7 trillion, an $9.7 trillion invested in ETFs and mutual funds, but investors have little transparency into index providers, one of the key players. Most passive ETFs track indexes from the largest index providers and claim only in S&P Dow Jones Half of the market With the […]
Suffolk County may have to pay back $91M in shady red-light camera fees — leading to massive budget deficit
Suffolk County may need to pay $91 million for the shady fees collected from the controversial red light camera program. This is a cost that can cause budget mayhem. Long Island County is already facing a potential battle over spending plans, with budget review offices projecting a $552 million deficit by 2028. Suffolk ended the […]
Congress kills rule that would have capped banking overdraft fees at $5 – KOMO
With a huge victory in the banking industry, Congress overturned the Consumer Financial Protection (CFPB) rules that limit overdraft fees to $5 for the nation’s largest banks and credit unions (over $10 billion in assets with assets of more than $10 billion in assets of more than $10 billion in assets of more than $10 […]
Bank of America Ordered To Pay $540,261,499 for Massive Underpayment of Deposit Insurance Fees – The Daily Hodl
Bank of America is planning to pay more than $5 billion after a district judge discovered that lenders had paid significantly less deposit premiums for more than a year. In 2017, FDIC filed a lawsuit against BOFA As it is reportedly Between the second quarter of 2013 and fourth quarter of 2014, the company was […]
A judge threw out a Biden era rule on credit card late fees
The Morning with Maria panel responds to the December employment report and details its impact on the US economy. A federal judge on Tuesday dumped the rules of the U.S. Consumer Financial Protection Agency (CFPB) and limited the deferred fee for all credit cards to $8. US District Judge Mark Pittman, Northern Texas District Court […]
Texas judge throws out rule that would have capped credit card late fees – AP News
HOUSTON (AP) – A Texas judge on Tuesday said Caped credit card deferral fee After officials with President Donald Trump’s administration and a coalition of major banking groups, he agreed that the rules were illegal. The verdict by US District Judge Mark Pittman of Fort Worth is Consumer Financial Protection Bureau and collections of major […]
Judge scraps CFPB rule capping credit card late fees at $8
A federal judge on Tuesday blocked the U.S. Consumer Financial Protection Agency’s rules postponement for $8 after the agency agreed to opposing the rules adopted during President Joe Biden’s administration. US District Judge Mark Pittman of Fort Worth, Texas, recognized the joint request by the CFPB and the alliance of six business and banking groups, […]