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Posts Tagged ‘Banksters’
This is why we need federal consumer protection
Elon Musk, who’s worth $400 billion, making him the world’s richest man, wants to “delete” the Consumer Financial Protection Bureau (CFPB) (see story here). The federal agency may not survive the Trump administration. Here’s what it does, and why ordinary Americans ne[...]
Biden caps bank overdraft fees at $5.00
The Consumer Financial Protection Bureau (CFPB) issued a new banking rule on Thursday, December 12, 2024, that caps bank overdraft fees at $5.00 beginning October 1, 2025. It may not last long. Huffington Post says (here) the new regulation “faces an uncertain future under President-elect Dona[...]
May 16th, 2024 - 4:04 pm § in Business, Law and Courts
Federal consumer agency survives Supreme Court test
The Consumer Financial Protection Bureau (CFPB), brainchild of former law professor Elizabeth Warren, now a U.S. Senator, has survived a crucial legal test in the Supreme Court, which issued a 7-2 decision upholding its funding mechanism on Thursday, May 16, 2024 (read story here). Warren proposed a[...]
Trump judge blocks limit on credit card fees
“A federal judge in Texas temporarily halted a plan by the Biden administration to lower late fees on credit cards to $8 … slated to go into effect next week,” ABC News reported on Saturday, May 11, 2024 (see story here). Credit card late fees currently average $32, which is four t[...]
September 21st, 2016 - 9:52 am § in Uncategorized
Grilled banker, medium rare
Want some fun? Watch the weasel who runs Wells Fargo Bank get tenderized, marinated, and grilled by Sen. Elizabeth Warren.[...]