Some Illinois residents are a bit ticked off right now, after the state reaped $5.24 million more this year than it did in 2015 from license plate renewal fees. That’s a lot of money — were people just really distracted or forgetful this year? Not quite. An impasse on the state budget meant officials didn’t have the cash to mail reminders out to drivers.
Remember what it was like to book air travel way back in ye olden days of three years ago? You’d spot a really excellent online deal on a flight, only to discover at checkout that after the taxes and fees, it was $50 higher than you’d thought. The Dept. of Transportation changed all that in 2012 — but now, a bill rapidly moving through Congress could reverse that change entirely.
There is a prepaid debit card on the market to fit just about everyone’s needs. Consumers can choose from cards with celebrity faces on them to cards from their preferred wireless provider. While prepaid cards can be convenient, and often the only option for the unbanked, they can also be littered with fees that suck up all your hard-earned cash. [More]
One might assume that banks marketing to U.S. military servicemembers would not be out to nickel and dime these men and women with unnecessarily high fees on their accounts. But among those financial institutions levying the highest level of fees on its account-holders are several that not only market to the military but also have branches on military bases. [More]
Feeling lighter in the wallet when you travel? It’s no wonder — in 2012, U.S. airlines raked in a record $6 billion in baggage and change fees from passengers. That’s higher than any other year since such fees became de rigueur five years ago. Oh, and it’s going to keep piling up, because airlines are having fun swimming around in the piles of money they’ve made off such fees. [More]
Among the reasons given in support of payday loans — short-term, high-interest loans intended to get the borrower through to the next paycheck — is that they ultimately provide a net good to the economy, allowing the borrower to keep spending and earning interest for the lender. But a recent report casts some doubt on that belief. [More]
Here at Consumerist HQ we’re a bit leery when it comes to pre-paid debit cards. They always seem to come with hidden fees that can pop up and punish users for trying to access their own money. And when you throw in a celebrity like say, the Kardashians or in the latest news, Justin Bieber, the potential for the younger set to be exposed to this fee-laden world grows.
Yesterday we told you about the sky-high fees associated with the combination photo ID/prepaid debit card being issued by the city of Oakland. Now comes a report that Chicago-area residents who choose to opt in to the prepaid debit option on their transit cards will also see their cash eroded by fees.
Spirit Airlines continues to demonstrate why Consumerist readers nominated the bottom-dollar carrier for the Worst Company In America 2012 tournament. The airline, only one of two U.S. carriers to charge for carry-on bags, has announced it will be jacking up its baggage fees, meaning some people could end up paying $100 per carry-on.
With so many people lining up at the airport today and tomorrow to fly home to stuff their stomachs with, well… stuffing, one U.S. Senator has introduced two pieces of legislation aimed at reining in the checked bag fees charged by airlines.
Even though Bank of America and a few others have — for now — ditched their plans to charge customers a monthly fee for making purchases with debit cards, the Justice Department has decided to look at the possible antitrust considerations surrounding the controversial proposals.
Though you won’t find any part of the country where residents don’t gripe and grouse about ATM fees, the results of a new survey show exactly which cities have the most (and least) to complain about.
If any of you had some sort of pipe dream that there might be a day when airlines wouldn’t charge ancillary fees for services that used to be included in the ticket price, U.S. Airways CEO Doug Parker has made it clear the charges aren’t going anywhere because they benefit everyone in the long run.
Back in March, Wells Fargo announced it was killing off its debit rewards programs, but apparently that was not enough. Now the bank has said it will test a monthly $3 fee — in addition to any service fees — just for having a debit card.
Even though a new rule is about to kick in that refunds airline baggage fees for any traveler whose luggage vanishes forever, New York Senator Chuck Schumer thinks it’s not enough and that airlines should be reimbursing fees even if you get your bags back a day or two later.
Even though the screeners at airport security checkpoints in the U.S. are employees of the Transportation Security Administration and those fancy new see-through-your-clothes machines are technically paid for by the feds, the airlines still have to fork over hundreds of millions of dollars per year for security theater. Several of them claim the TSA is overcharging to the tune of $115 million. An appeals court disagrees.
The banks of America are breaking new ground every day in the science of nickel-and-diming consumers with fees that start from the second you open an account to the moment you angrily close your account… only to move it to another bank with a different set of fees. But since there are so many ways in which financial institutions can bleed your account dry, the folks at CNN Money have come up with their list of the most annoying fees.