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Michigan federal court shuts down class action against Flagstar Bank for so-called “surprise ...
JD Supra· 3 days agoThe court previously dismissed the plaintiff’s conversion claim in 2021, but allowed the breach of contract claims to proceed.
Federal judge temporarily halts Biden plan to lower credit card late fees to $8 - The Boston Globe
The Boston Globe· 6 days agoIt is also a win for the U.S. Chamber of Commerce, which led the lawsuit on behalf of the banks. The...
How do banks make money?
Yahoo Personal Finance· 17 hours agoOverdraft charges: Many banks allow you to opt in for overdraft coverage, which allows you to overdraw your account in certain situations. However, they...
EDITORIAL: Win some, lose some | Arkansas Democrat Gazette
Arkansas Democrat-Gazette· 1 day agoThis past week, a court in Texas ruled in favor of banks and credit-card companies charging late...
Most common hidden ‘junk fees’ and how much they cost you
FOX 10 Phoenix· 2 days agoWatch: President Biden announces new measures targeting surpriseoverdraft and NSF fees banks charge...
CFPB Announces Proposed Rule Regarding Nonsufficient Funds Fees | JD Supra
JD Supra· 4 days agoOn Wednesday, January 24, 2024, the Consumer Financial Protection Bureau (CFPB) announced a Proposed Rule aimed at blocking nonsufficient funds (NSF) fees on debit card, ATM, and certain peer-to-peer ...
Consumer Fintech Chime Introduces Earned Wage Access (EWA) Feature | Crowdfund Insider
Crowdfund Insider· 10 hours agoChime, provider of a banking app, is announcing MyPay, a new offering that will aim to transform how...