Teachers’ Minn. pension fund under Tim Walz ‘cooking the books’ by vastly underreporting fees: ‘Madoff miracle’ – New York Post
Minnesota Gov. Tim Walz’s public school teachers’ retirement system “falsified the books” by dramatically under-reporting the annual fees it paid to Wall Street investment managers, posting nearly impossible gains that rivaled the “Madoff miracle,” a top pension investigator said. The state Teachers Retirement Association has disclosed less than 10 percent of the estimated $2.9 billion […]
South Florida in midst of condo crisis due to rising HOA fees
South Florida is facing a worsening apartment crisis, with a new state law requiring condo associations to set aside funds for repairs and maintenance reportedly contributing to a surge in the number of units being built amid soaring association fees. The total number of condo listings across Miami-Dade, Broward and Palm Beach counties has nearly […]
Massachusetts taxpayers now on hook for after-hours bail fees, thanks to new budget
Massachusetts has taken bail reform to a new level, making law-abiding taxpayers foot the additional costs of releasing defendants from jail at night and on weekends when courts are typically closed. Since 2002, in Massachusetts, defendants seeking release outside of jail time have paid a $40 fee to have a bail commissioner or magistrate come […]
Department of Transportation proposes banning airlines from charging family seating fees
The U.S. Department of Transportation announced Thursday that it is proposing to ban U.S. and foreign airlines from charging families with young children to sit next to each other on a plane if adjacent seats are available at the time of booking. The Biden administration has said it plans to write regulations banning the fees […]
Washington, DC sues StubHub, accuses the resale platform of inflating ticket prices with deceptive fees
The Washington, D.C. attorney general filed a lawsuit against ticket resale platform StubHub on Wednesday, accusing the company of advertising deceptively low prices and then inflating prices with surcharges. Attorney General Brian Schwalb said the practice, known as “drip pricing,” violates the nation’s consumer protection laws. “StubHub purposely hides the true prices in order to […]
Goldman Sachs’ profit more than doubled in the second quarter, bolstered by higher fees from debt underwriting
Anastasia Amoroso, chief investment strategist at iCapital, talks to “Making Money” about what could be the catalyst for a stock market selloff. Goldman Sachs’ profits more than doubled in the second quarter, thanks to higher debt-underwriting fees and strong performance in its bond-trading business. The bank reported Monday profit of $3.04 billion, or $8.62 per […]
Costco hiking membership fees for first time in 7 years
DR Barton, president of Woodshaw Financial Group, analyzes the consumer climate after Walmart’s strong earnings report in Varney & Company. It will soon cost more to join the club. Wednesday, Costco Wholesale Announced Plans The company will raise its annual membership fees in the United States and Canada by $5 to $10 starting Sept. 1, […]
Costco hiking membership fees for first time since 2017—here’s how much it will cost
Costco Wholesale said Wednesday it will increase annual membership fees for customers in the U.S. and Canada for the first time in seven years, effective Sept. 1. The retailer’s membership offers customers a variety of incentives, including free sample trials, discounts on food, gas, home insurance, travel and groceries, and 2% annual rewards on eligible […]
NJ toll troll racked up more than $25K in unpaid Port Authority fees
Time to pay your bill, troll. That’s the message the Port Authority is sending to a New Jersey squatter who owes $25,000 over four years in unpaid tolls, according to a new lawsuit filed this week in Manhattan Supreme Court. The lawsuit states that Jose Guzman, a Cumberland County resident, He owes $25,407 in unpaid […]
JPMorgan Chase, checking account fees
JPMorgan Chase CEO Jamie Dimon told lawmakers during a Senate Banking Committee hearing that the only real use for cryptocurrencies is for criminals and that if he were in power in the government, he would “shut them down.” The head of America’s largest retail bank warned his 86 million customers to “get ready to pay […]