Feb 20, 2024 | Financial Literacy, News
New York Cracks Down on Credit Card Surcharges Earlier this month, a New York state law went into effect that mandates merchants provide more transparency surrounding credit card fees. It limits credit card surcharges to the amount charged to the business by the...
Feb 14, 2024 | Federal Regulation, News
Chamber of Commerce, Industry Groups Warn FTC that Junk Fee Ban Faces Likely Legal Challenge The U.S. Chamber of Commerce and other industry groups recently warned the Federal Trade Commission (FTC) that its push to ban junk fees will likely face a legal challenge,...
Feb 8, 2024 | Congressional Legislation, Federal Regulation, News
Republican Reps Say FDIC has “Moved Innovation Backwards” Representatives Patrick McHenry, chairman of the House Financial Services Committee; Andy Barr, chairman of the Financial Institutions and Monetary Policy Subcommittee; and French Hill, chairman of the Digital...
Feb 6, 2024 | Financial Literacy, News
Bankrate Report Finds Only 44% of Adults in US Would Pay $1000 Emergency Expense from Savings Bankrate’s annual emergency savings report found that only 44 percent of U.S. adults say they would pay a minimum $1,000 emergency expense from their savings, which is up one...
Jan 31, 2024 | Federal Regulation, News
CFPB Proposes Rule Limiting Banks’ Ability to Charge NSF Fees on Instantaneously-Declined Transactions The Consumer Financial Protection Bureau (CFPB) recently proposed a new rule to prevent banks and financial institutions from charging non-sufficient funds (NSF)...
