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[...]
Posts Tagged ‘Consumers’
What have Democrats done for you lately?
They’re protecting consumers again. The Biden administration is proposing a rule that will end the airline practice of charging extra to seat families together (see story here). Meanwhile, Republicans blocked a child tax credit in the Senate, because they don’t want Democrats to get cred[...]
Will corporate communists take over America?
“To each according to what he wants; from each according to his ability to pay” That could become a common corporate mantra in the United States of America. Under the increasingly pervasive personalized pricing system, corporations set prices based on what they know about for you. Need a toothb[...]
November 16th, 2022 - 12:48 pm § in Business, Republicans
It’s time to regulate airlines
Lawless capitalism doesn’t work. It just doesn’t. In announcing his 2024 run, bounced-out-of-office ex-president Trump bragged about cutting business regulations during his wild ride in the White House. To anyone who listens, he was giving them another reason not to vote for them. Practi[...]
When 1-3 is a majority, until it isn’t
Trump’s FDIC chair, Jelena McWilliams, wasn’t ousted; she quit. (Story here.) The FDIC is the federal agency that insures bank deposits (details here). McWilliams was appointed in 2018 to a 5-year term expiring in 2023. By December 2021, she was the only Republican on the 5-member board,[...]
September 7th, 2020 - 2:31 pm § in Misc.
Fake reviews and a $125 genuine cheese grater
Amazon gets the most bad press for fake online reviews, but other companies are struggling with the problem, too. Back in 2017, a Forbes headline blared, “Amazon’s Fake Review Problem Is Now Worse Than Ever, Study Suggests” (read article here). On September 6, 2020, a CNBC headl[...]
July 8th, 2015 - 10:38 am § in Uncategorized
What free-market capitalism looks like
Some people will do literally anything for a buck. This plastic cellphone case is being marketed to young people as “trendy, cool, stylish.” Do you want your teen walking around like this? Should government regulators keep such products off the market, or is that unduly interfering with [...]