fees

CFPB Unearths Junk Fees in Mortgages and Auto Loans

CFPB Unearths Junk Fees in Mortgages and Auto Loans
CFPB Unearths Junk Fees in Mortgages and Auto Loans
March 08, 2023  |  Legal & Regulation

America’s consumer protection watchdog says an examination has uncovered illegal fees in several industries. The Consumer Financial Protection Bureau (CFPB) announced Wednesday (March 8) that...

READ MORE >
Digital Disbursements Kill the Uncertainty of ‘The Check’s in the Mail’
Digital Disbursements Kill the Uncertainty of ‘The Check’s in the Mail’
March 06, 2023  |  Digital Payments

“The check is in the mail” is a catchphrase for: You’ll get paid — just don’t hold your breath wondering when. The check is but...

READ MORE >
CFPB Says Unneeded Fees Drain Public Benefit Payments
CFPB Says Unneeded Fees Drain Public Benefit Payments
March 02, 2023  |  Legal & Regulation

America’s financial watchdog says unnecessary fees are cheating retirees out of their benefits. In its latest salvo against unwanted fees, the Consumer Financial Protection Bureau...

READ MORE >
Report: Italian Government Easing Merchants’ Digital Payment Woes
Report: Italian Government Easing Merchants’ Digital Payment Woes
December 21, 2022  |  Digital Payments

The Italian government has backed a plan to lower digital payment fees for retailers. The measure, part of the country’s 2023 budget, would impose a...

READ MORE >
Credit Card Swipe Fee Amendment Pulled From Defense Spending Bill
Credit Card Swipe Fee Amendment Pulled From Defense Spending Bill
October 12, 2022  |  Credit Cards

A last-minute bipartisan effort to package a credit card swipe fee amendment into a larger spending bill was ultimately unsuccessful. Sen. Dick Durbin (D-Ill.) and...

READ MORE >
Tanzania Backtracks as Mobile Money Levy Proves Unpopular Across African Markets
Tanzania Backtracks as Mobile Money Levy Proves Unpopular Across African Markets
September 28, 2022  |  Taxes

In recent years, several African countries where mobile money transactions are a popular means of payments have introduced levies on digital transactions, much to the...

READ MORE >
Struggling Coinbase Pivots to Subscriptions
Struggling Coinbase Pivots to Subscriptions
August 24, 2022  |  Cryptocurrency

Coinbase CEO Brian Armstrong made a splash Tuesday (Aug. 23) by announcing that the Nasdaq-listed cryptocurrency exchange was planning to focus more aggressively on moving...

READ MORE >
May 4 Interchange Fee Hearing: The 5 Things You Need to Know
May 4 Interchange Fee Hearing: The 5 Things You Need to Know
May 03, 2022  |  Legal & Regulation

On Wednesday, May 4, the U.S. Senate Committee on the Judiciary will hold a hearing on “Excessive Swipe Fees and Barriers to Competition in the...

READ MORE >
CFPB: Credit Card Companies Charged $12B in Late Fees in 2020
CFPB: Credit Card Companies Charged $12B in Late Fees in 2020
March 29, 2022  |  Legal & Regulation

Credit card companies charged $12 billion in late fees in 2020, with poorer Americans paying far more than wealthier people. That’s according to a report...

READ MORE >