Banking & Regulation Archives - Page 45 of 56

One in seven Americans has unclaimed cash sitting with their state — old deposits, refunds, and final paychecks you can search and claim free at MissingMoney.com

Warren Cohen5 months ago5 months ago014 mins

In fiscal year 2022-23, the most recent year for which the state has published results, North Carolina’s treasurer office mailed thousands of checks totaling more than $108 million to residents who had searched the state’s NCCash.com portal and discovered money they had no idea existed. Old utility deposits. Insurance refunds that bounced back. Final paychecks…

a man wearing a graduation cap and gown holding a diploma

Another 2.6 million borrowers defaulted on student loans last quarter — and a single default can strip 100-plus points from a credit score lenders still check

David Keller5 months ago5 months ago012 mins

A borrower with a 750 credit score can lock in a 30-year fixed mortgage near 6.5 percent. Knock 100 points off that score and the same lender may quote closer to 7.8 percent, according to loan-level price adjustment matrices published by Fannie Mae. On a $350,000 loan, the gap works out to roughly $300 more…

Young businesswoman paying order having contactless payment with cardit card

The OCC’s bank-fee rule takes effect in 37 days — blocking any state from capping the swipe fees baked into the price of everything you buy

David Keller5 months ago5 months ago013 mins

Order an $80 dinner in Chicago, and the final credit card charge might hit $104 after tax and a 20 percent tip. The bank that issued the card collects an interchange fee on every dollar of that total, including the portion headed to the city treasury and the portion headed to the server. Illinois lawmakers…

a woman in a cap and gown standing in front of a bridge

Student loan borrowers have 38 days to leave the SAVE plan — miss July 1 and the government auto-enrolls you in Standard Repayment by September

Warren Cohen5 months ago5 months ago015 mins

Roughly 8 million federal student loan borrowers, according to a Department of Education estimate from early 2026 (actual enrollment may have shifted since then), are still parked in the SAVE repayment plan, and in about five weeks, the government is going to start moving them out. The U.S. Department of Education has confirmed that loan…

The FDIC’s new “debanking” rule takes effect in 16 days — after June 9, banks can no longer close your account over your political views

Warren Cohen5 months ago5 months ago012 mins

When a licensed firearms dealer in Mississippi lost his business checking account in 2014, the bank told him only that the relationship had been “terminated.” No fraud allegation. No compliance violation. Just a letter and a locked-out login. He was one of dozens of gun retailers, payday lenders, and tobacco sellers who told the Department…

Hotels and ticket sellers must now show the full price upfront — a new FTC rule bans the surprise “resort” and “service” fees tacked on at checkout

David Keller5 months ago5 months ago014 mins

Book a hotel room advertised at $250 a night, and by the time you reached checkout, the total had often crept to $310 or more. A “resort fee” here, a “destination amenity charge” there. Concert tickets pulled the same trick: a $95 seat ballooned past $130 once “service” and “convenience” fees appeared in the cart….

Hand Swiping Credit Card In Store. Female hands with credit card and bank terminal. Color image of a POS and credit cards.

The OCC’s bank-fee rule takes effect in 38 days — blocking any state from capping the swipe fees built into the price of everything you buy

Warren Cohen5 months ago5 months ago013 mins

Every time you tap, dip, or swipe a card at checkout, the merchant pays an interchange fee that averages roughly 2.2 percent on credit transactions and about half a percent on regulated debit, according to Nilson Report data. Retailers fold most of that cost into shelf prices, so you pay it whether you use plastic,…

United States 1040 tax form individual income tax return with refund check and US dollar bills

The IRS has stopped mailing most paper refund checks this year — file without direct deposit and your refund is frozen until you update your account

Warren Cohen5 months ago5 months ago015 mins

Millions of Americans who filed their 2025 federal tax returns expecting a paper refund check are waiting for money that will never show up in their mailbox. Starting October 1, 2025, the IRS stopped issuing most paper refund checks to individual taxpayers. If you filed without valid direct deposit information, your refund is not lost,…

Credit card payment swipe or hands of person in mall with pos machine in a financial exchange B2c fintech sales services or closeup of customer paying swiping or shopping in retail store trade

The OCC’s bank-fee rule takes effect in 39 days — blocking any state from capping the swipe fees built into the price of everything you buy

Warren Cohen5 months ago5 months ago015 mins

Every time you tap your card at a grocery store, a gas pump, or a coffee counter, a slice of what you pay goes not to the merchant but to the bank that issued your card. In Illinois, a new state law was supposed to start shrinking that slice on July 1, 2026. With 39…

FDIC seal in front of the headquarters building by the White House.

The FDIC’s new “debanking” rule takes effect in 18 days — after June 9, banks can no longer close your account over your political views

Warren Cohen5 months ago5 months ago016 mins

For years, business owners in legal but politically sensitive industries have described the same experience: a phone call or a letter from their bank, sometimes with little explanation, informing them that their accounts were being closed. Firearms dealers, cryptocurrency startups, adult entertainers, and advocacy groups on both ends of the political spectrum have reported being…

Category: Banking & Regulation

One in seven Americans has unclaimed cash sitting with their state — old deposits, refunds, and final paychecks you can search and claim free at MissingMoney.com

Another 2.6 million borrowers defaulted on student loans last quarter — and a single default can strip 100-plus points from a credit score lenders still check

The OCC’s bank-fee rule takes effect in 37 days — blocking any state from capping the swipe fees baked into the price of everything you buy

Student loan borrowers have 38 days to leave the SAVE plan — miss July 1 and the government auto-enrolls you in Standard Repayment by September

The FDIC’s new “debanking” rule takes effect in 16 days — after June 9, banks can no longer close your account over your political views

Hotels and ticket sellers must now show the full price upfront — a new FTC rule bans the surprise “resort” and “service” fees tacked on at checkout

The OCC’s bank-fee rule takes effect in 38 days — blocking any state from capping the swipe fees built into the price of everything you buy

The IRS has stopped mailing most paper refund checks this year — file without direct deposit and your refund is frozen until you update your account

The OCC’s bank-fee rule takes effect in 39 days — blocking any state from capping the swipe fees built into the price of everything you buy

The FDIC’s new “debanking” rule takes effect in 18 days — after June 9, banks can no longer close your account over your political views

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