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Visa and Mastercard Agree to Cap Swipe Fees in Settlement
Posted inBanking and Financial Institutions Credit Cards Personal Finances Shopping and Retail Suits and Litigation (Civil)

Visa and Mastercard Agree to Cap Swipe Fees in Settlement

The deal could save merchants $30 billion over five years. It would also allow them to adjust prices based on the costs of accepting different credit cards.
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Posted by By Tara Siegel Bernard
Labor Department Proposes New Fiduciary Rule to Protect Investors
Posted inFinancial Brokers Individual Retirement Accounts Labor Department (US) Personal Finances Regulation and Deregulation of Industry Retirement

Labor Department Proposes New Fiduciary Rule to Protect Investors

The Labor Department’s latest push for a new fiduciary rule would protect investors’ retirement savings and require financial services providers to change.
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Posted by By Tara Siegel Bernard
The State Had One Woman’s Unclaimed Funds. It Turned Out to Be a Windfall
Posted inEaton Vance Corporation New York State Office of the Comptroller (NYS) Personal Finances

The State Had One Woman’s Unclaimed Funds. It Turned Out to Be a Windfall

A financial firm told an account owner that it had turned over her money to the state. When she filed a claim, something strange happened.
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Posted by By Ron Lieber
Insurers Report Rising Hail Damage Claims
Posted inContent Type: Service Homeowners Insurance Insurance Information Institute Personal Finances Real Estate and Housing (Residential) State Farm Insurance Cos Weather

Insurers Report Rising Hail Damage Claims

Inflation is driving up the cost of materials and labor to repair roofs and cars. Adding to insurers’ costs is increased development in areas affected by severe storms.
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Posted by By Ann Carrns

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