Banks slam Biden administration plan to cap overdraft fees
Banking industry groups on Wednesday condemned the Biden administration's latest proposal to limit overdraft fees, dismissing it as a “false proposal” and an “effort to score political points.” A rule proposed by the Consumer Financial Protection Bureau (CFPB) would require large banks to limit overdraft fees using a “break-even standard,” or benchmark fee, and remove […]
Billionaire-backed ‘California Forever’ city plan ‘guarantees’ $400M in down payment aid
A controversial proposal to build a billionaire-backed city in California would include lavish perks, including $400 million in “down payment assistance” for homebuyers and guaranteed 15,000 new jobs. They are trying to gain the support of local residents by incorporating such measures. As reported by the Post, California Forever, the company behind a nearly $1 […]
Wisconsin Republicans grapple with medical marijuana legalization plan
Wisconsin Republicans are facing difficulty reaching agreement on medical marijuana legalization. Assembly Speaker Robin Vos said she has no intention of compromising with state Senate Republicans on concerns about detailed legislation. Senate Majority Leader Devin LeMahieu deemed the bill's creation of a state-run pharmacy a “miss.” Wisconsin Republicans appear to be at an impasse over […]
MN governor’s $982 million infrastructure plan prioritizes building preservation
Gov. Tim Walz has proposed a $982 million public infrastructure plan that primarily focuses on preserving existing buildings and facilities. The proposal, known as the bond bill, will be the centerpiece of the governor's agenda in the 2024 legislative session. The plan aims to protect drinking water, improve roads and bridges, ensure public safety, and […]
U.S. unveils plan to limit overdraft fees amid banking industry opposition – The Washington Post
comment on this storycomment Add to saved stories keep The U.S. government on Wednesday proposed limiting bank overdraft fees that companies can charge to customers who spend more than they have in their accounts, igniting a fierce battle with financial giants who want to protect their profits from federal regulation. Ta. New draft rules released […]
Top Tory Anderson Quits Over Watered-Down Deportation Plan
AFP – British leader Rishi Sunak on Tuesday fought to quell growing opposition within his ruling party over plans to send migrants to Rwanda in a bid to test his authority ahead of a general election. Two Tory vice-chairmen have resigned from their positions, joining dozens of Tory right-wingers in backing amendments to strengthen institutions, […]
House probe after $127M paid to dead Teamsters’ pension plan
The Biden administration is seeking a new congressional investigation after the agency that distributed tens of billions of dollars from the American Rescue Plan failed to prevent a $127 million donation to deceased Teamsters pension fund participants. facing. The House Education and Labor Committee sent a letter to the Pension Benefit Guaranty Corporation (PBGC) on […]
The Democrats’ 2024 rhetorical game plan — and how the GOP can beat it
As the dreaded 2024 election year approaches, we need to consider the key issues that will determine who wins at the ballot box. Is it the economy? Immigrant? Foreign policy? Political corruption? Maybe it's none of those things. Joe Biden has an abysmal record that will force him and his supporters in the corporate media […]