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The Consumer Financial Protection Bureau says the new rule would save depositors $5 billion annually. BY Reuters The U.S. watchdog agency for consumer finance on Thursday adopted new regulations capping the amount banks can charge for overdrafts, saying the rule would save depositors $5 billion annually. The new regulation, adopted over the banking industry’s vocal opposition, … Continue reading The CFPB cracks down on bank overdraft fees with this new rule
September 01, 2024 How Spotify ads and subscription fees help pay artists Payments to rights holders are determined by a process called streamshare. BY Associated Press Every day, millions of people use Spotify to stream music. A few years ago, it would’ve felt like an impossibility: Click, and bam—a seemingly endless catalog of recorded music opens … Continue reading Do Spotify ads and subscription fees help pay artists?
The US has sued Adobe over early termination fees and making subscriptions hard to cancel The FTC took action after receiving numerous complaints from consumers across the country. pranav dixit Updated Mon, Jun 17, 2024 REUTERS / Reuters The US government has sued Adobe and two senior company executives for allegedly deceiving consumers by … Continue reading The US has sued Adobe over early termination fees and making subscriptions hard to cancel
April 24, 2024 Airlines were just put on notice over ‘surprise junk fees’: 4 new rules they will have to follow Disclosing fees and curbing sly sales tactics that leave travelers paying more are among guidelines laid out by the Department of Transportation. BY Sam Becker The Biden administration’s war against junk fees has taken to … Continue reading Airlines were just put on notice over ‘surprise junk fees’: 4 new rules they will have to follow
April 23, 2024 The pandemic made Earned Wage Access apps popular. Regulators want to rein in the fees Many of these apps charge monthly subscription fees, and most charge mandatory fees for instant transfers of funds. BY Associated Press When Anna Branch, 37, had her hours at work reduced at the start of the pandemic in … Continue reading The pandemic made Earned Wage Access apps popular. Regulators want to rein in the fees
Marketing must benefit businesses, consumers and society by promoting accountability, transparency and genuine connections. Jay Mandel on March 22, 2024 Most of us crave genuine connections and experiences that hold lasting value. We yearn to build trust and engage in interactions beyond mere transactions. Unfortunately, the realities of commerce and associated marketing often pull us … Continue reading Ethical marketing in the age of hidden fees and deceptive pricing
Google is following Apple’s lead by adding new developer fees in the EU It’s charging developers who lead users outside the Play Store as part of the Digital Markets Act. Steve Dent Thu, Mar 7, 2024 NurPhoto via Getty Images (March 30, 2024) Google outlined the changes it will make to comply with the … Continue reading Google is following Apple’s lead by adding new developer fees in the EU
By Sam Becker February 02, 2024 In January, Samsung unveiled its upcoming generation of Galaxy smartphones and devices, which will incorporate new AI-powered features. But it could come with a cost, as a note on the Galaxy S24 Ultra’s product page indicates that “Galaxy AI features by Samsung will be provided for free until … Continue reading Will the AI revolution cost you a fortune in new subscription fees? No one really knows
Apple, Visa and Mastercard sued in proposed class action antitrust case over Apple Pay card fees The lawsuit alleges Visa and Mastercard bribed Apple to hamper competition, which drove up merchant fees. Cheyenne MacDonald Sat, Dec 16, 2023 REUTERS / Reuters A proposed class action lawsuit has accused Apple of accepting a form of … Continue reading Apple, Visa and Mastercard sued in proposed class action antitrust case over Apple Pay card fees
By Clint Rainey February 01, 2023 President Biden has put exorbitant credit card late fees in his administration’s regulatory crosshairs. On Wednesday, the administration announced the proposal of a new rule to cap those fees at $8, potentially saving American families as much as $9 billion per year. It seeks to reform the practice … Continue reading Credit card late fees are set to drop by 75% if the Biden administration gets its way
