CFPB announces rule limiting bank overdraft fees

Key Points

The Consumer Financial Protection Bureau on Thursday announced the final version of a rule limiting banks’ ability to charge overdraft fees.
It says the rule will save American consumers $5 billion annually.
The CFPB said that its overdraft rule will take effect Oct. 1, 2025, though its ultimate fate is unclear.

Source

Finance

Stanley Druckenmiller says ‘animal spirits’ are back in markets because of Trump with CEOs ‘giddy’

January 20, 2025

watch now VIDEO2:1402:14 Stanley Druckenmiller says ‘animal spirits’ are back in markets because of Trump with CEOs ‘giddy’ News Videos Billionaire investor Stanley Druckenmiller believes Donald Trump’s re-election renewed a jolt of speculative enthusiasm in the markets and surging optimism within businesses. “I’ve been doing this for 49 years, and we’re probably going from the most anti-business administration […]

Finance

Trump trade memorandum won’t impose new tariffs on day one, says WSJ report

January 20, 2025

U.S. President-elect Donald Trump speaks during a rally the day before he is scheduled to be inaugurated for a second term, in Washington, U.S., January 19, 2025. Brian Snyder | Reuters President-elect Donald Trump is poised to sign a flurry of executive orders as soon as he’s sworn in, but imposing tariffs on U.S. trading partners […]

Finance

Citigroup picks high-yield stocks to play China as tariffs loom on the horizon

January 19, 2025

Source