Capital One and Discover Can Merge, Regulators Say
Posted inAntitrust Laws and Competition Issues Banking and Financial Institutions Capital One Financial Corporation Consumer Protection Credit Cards Discover Financial Services Federal Reserve System Mergers, Acquisitions and Divestitures National Community Reinvestment Coalition Office of the Comptroller of the Currency Regulation and Deregulation of Industry

Capital One and Discover Can Merge, Regulators Say

Two regulators signed off on the $35 billion deal, which the banks say will create a competitor to Visa and Mastercard. But consumer advocates warn that the deal may raise costs.
Trump’s Attack of Powell Tempered by Risk of Market Panic
Posted inBanking and Financial Institutions Customs (Tariff) Interest Rates Regulation and Deregulation of Industry Stocks and Bonds United States Economy United States Politics and Government

Trump’s Attack of Powell Tempered by Risk of Market Panic

President Trump again attacked the chair of the Federal Reserve this week, but advisers say the president has turned more cautious on policies that could stoke extreme financial volatility again.
The $5 Limit on Overdraft Fees May Soon Be Struck Down
Posted inBanking and Financial Institutions Consumer Financial Protection Bureau Consumer Protection Content Type: Service Debit Cards Federal Deposit Insurance Corp Personal Finances Prices (Fares, Fees and Rates) Regulation and Deregulation of Industry United States Politics and Government

The $5 Limit on Overdraft Fees May Soon Be Struck Down

The cap, approved last year, never took effect, though some banks voluntarily lowered or eliminated their fees. Here are some tips on how to avoid or reduce your costs.