fees

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  |  Restaurant innovation

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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Retailers’ Return Fees Risk Foot Traffic Incentives vs Disincentives to Buy
Retailers’ Return Fees Risk Foot Traffic Incentives vs Disincentives to Buy
May 23, 2023  |  Retail

Retailers charging fees for returns walk a tightrope. On the one hand, fees levied when customers decide not to keep what they’ve bought help offset...

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