fees
A joint report from the National Retail Federation and Happy Returns reveals that 66% of retailers have begun charging for some return methods in the past year. Additionally, the cost of retail returns has surged nearly threefold in five years, rising from $309 billion in 2019 to an estimated $890 billion in 2024. Two thirds […]
Visa is expected to increase some fees it charges merchants and banks for credit card payments starting Jan. 1, according to a notice last month from the processor Global Payments. That Oct. 10 notice says Visa’s “misuse” fee paid by merchants will jump by two-thirds to 15 cents, from 9 cents per transaction, while a […]
Last Week Capital One said they plan to eliminate overdraft fees starting early next year. Capital One has become the largest bank to get rid of the charges that cost Americans billions of dollars every year. Customers who are enrolled in overdraft protection will be automatically converted to the bank’s no-fee overdraft in early 2022. Click […]
On Friday, April 17, Governor Andrew Cuomo and Attorney General Letitia James informed the public that a previous suspension of certain debt collections and associated interest and fees initiated for 30 days starting on March 17 had been extended to May 17 because of the SARS-CoV-2 pandemic. They also explained that another extension is possible […]
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