fees

CFPB Says Junk Fees ‘Impede Fair and Competitive Pricing’

CFPB Says Junk Fees ‘Impede Fair and Competitive Pricing’
CFPB Says Junk Fees ‘Impede Fair and Competitive Pricing’
April 30, 2024  |  News

The more complex a pricing structure, the more likely consumers are to pay more for products like credit cards, bank accounts, mortgages and auto loans....

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Proposed California Law Could Cap CU Overdraft Fees
Proposed California Law Could Cap CU Overdraft Fees
April 10, 2024  |  Credit Unions

California state lawmakers are considering legislation that would limit the number of overdraft fees credit unions (CUs) can charge their members. Under SB-1075, the 100+ CUs...

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Report: SVB Collapse Triggered Record $285 Million Penalty
Report: SVB Collapse Triggered Record $285 Million Penalty
March 12, 2024  |  Banking

Silicon Valley Bank’s (SVB) collapse was one of the largest banking failures in American history. And according to a report Tuesday (March 12) by Bloomberg News, that collapse...

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Goldman: CFPB Late Fee Rules Will Hurt Citigroup the Most
Goldman: CFPB Late Fee Rules Will Hurt Citigroup the Most
March 06, 2024  |  CFPB

What will the loss of credit card late fees mean for America’s biggest banks? A report Tuesday (March 5) by Goldman Sachs Equity Research examines...

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Restaurants Add New Fees to Drive Employee Retention Amid Inflation
Restaurants Add New Fees to Drive Employee Retention Amid Inflation
November 28, 2023  |  ResTech

As restaurants look for ways to drive employee satisfaction amid inflation, tips are not the only added payments that operators are leveraging. In an interview...

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Will NJ Cap on Credit Card Surcharges Set Template for Other States?
Will NJ Cap on Credit Card Surcharges Set Template for Other States?
July 25, 2023  |  Credit Cards

State by state, depending on where one looks, merchants’ ability to surcharge may face pressure. To that end, at the end of last month, New...

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This Week In Payments: Rules for AI, Block Picks a Fee Fight and FedNow Arrives
This Week In Payments: Rules for AI, Block Picks a Fee Fight and FedNow Arrives
July 21, 2023  |  Payment Methods

This week in payments saw the SEC weigh in on artificial intelligence (AI), the long-awaited debut of the FedNow instant payments rail to mixed reviews,...

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Robinhood vs Coinbase: The Battle for the Retail Crypto Trading Market
Robinhood vs Coinbase: The Battle for the Retail Crypto Trading Market
June 15, 2023  |  Cryptocurrency

Coinbase, a major player in the retail crypto trading market, may be losing some retail crypto trading business to Robinhood, possibly due to Coinbase’s higher...

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