Overdrafting your checking account might only hit you for $35, but when that happens a few hundred million times each year, it really adds up. A new report estimates that banks in the U.S. are now making $17 billion a year from fees for overdrafts and insufficient funds.
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time for a change?
Banks Making $17B A Year From Fees For Overdrafts & Insufficient Funds
By 5.24.16
Thai Seafood Executive Calls Report On Slavery In Shrimping Industry “A Wake-Up Call”
By 12.15.15
After an in-depth report yesterday said that supermarkets around the world are selling shrimp peeled by enslaved workers, the head of one of the biggest companies in the seafood business is promising change, calling the report a “wake-up call” for the industry. [More]
Montel Williams-Endorsed MoneyMutual To Pay $2.1M Penalty
By 3.10.15
For years, TV personality Montel Williams has been the daytime TV face of payday loan lead generation service MoneyMutual, even as it faced investigations from federal and state agencies. Just a few days ago, Montel got into a Twitter spat with a woman who questioned why he was acting as a spokesperson the company, and showed that maybe he needed a refresher course on annual percentage rates. But as part of a deal with regulators in New York state, Montel will no longer market payday loans in the state and MoneyMutual will pay a $2.1 million penalty to settle allegations that it illegally marketed payday loans to New York residents. [More]
Want To Win The Powerball? Maybe You Should Move To West Virginia
By 6.2.14
I know, I know. Just last week I told you to move to Wisconsin, and I stand by that. But if you want the magic fairy dust that apparently brings big money, maybe you should pack up and set down roots in West Virginia. Because that’s where the Powerball fairy lives. [More]
Maybe The Domino’s Delivery Guy Spotted In Taco Bell’s Drive-Thru Line Is Just Sick Of Pizza
By 12.30.13
Let’s say you like pizza. Because really, who doesn’t? But perhaps if it’s your job to be around pizzas all the time, bringing them hither and thither and wherever paying customers want them delivered, you might kinda get sick of the pie scene. There’s no law saying you can’t patronize other fast food establishments, but it’s still pretty funny to see the Domino’s guy cruising through the Taco Bell drive-thru line. [More]
Yet Another Exploding E-Cigarette Starts A Fire While It Was Plugged In To Charge
By 11.5.13
In the most recent addition to a slew of incidents where charging e-cigarettes have exploded while charging, fire investigators in Idaho say an e-cigarette plugged into a laptop overnight is to blame for a recent house fire. [More]
States Say Federal Housing Finance Agency Is “Direct Impediment To Economic Recovery”
By 3.18.13
Since 2008, mortgage giants Fannie Mae and Freddie Mac have been under the conservatorship of the Federal Housing Finance Agency, which has previously balked at the notion of reducing the principal on borrowers’ loans in order to keep people from defaulting and losing their homes to foreclosure. And so today, the Attorneys General for nine states have written to President Obama and leaders in the U.S. Senate calling for removal of acting FHFA head Edward DeMarco. [More]
