Dollar General, Dollar Tree and Kroger customers pay over $90 million a year in cash-back fees, federal agency finds

Dollar General, Dollar Tree and Kroger customers pay over  million a year in cash-back fees, federal agency finds


Key Points
  • Dollar General, Dollar Tree and Kroger have charged customers who ask for cash back in recent years.
  • Their cash-back fees amount to more than $90 million a year, Consumer Financial Protection Bureau reports.
  • Such fees may disadvantage those in banking deserts, where they don’t have easy access to cash for free. Retailers say they offer a lifeline to such consumers, who may not otherwise be able to get cash.



Source

SoFi CEO defends decision to hold guidance steady
Finance

SoFi CEO defends decision to hold guidance steady

Mad Money SoFi CEO defends decision to hold guidance steady Published Wed, Apr 29 20266:48 PM EDT Alexa LoMonaco@in/alexa-lomonaco/ WATCH LIVE Source

Read More
Stocks making the biggest moves after hours: Alphabet, Microsoft, Amazon, Meta & more
Finance

Stocks making the biggest moves after hours: Alphabet, Microsoft, Amazon, Meta & more

Check out the companies making headlines after the bell : Alphabet — Shares added almost 7% after the tech titan posted first-quarter revenue of $109.9 billion, beating the $107.2 billion analysts polled by LSEG had expected. Google cloud revenue surged 63% from a year earlier to $20.02 billion last quarter, while analysts had penciled in […]

Read More
Jerome Powell says he will continue to serve as a Fed governor, calls Trump criticism ‘unprecedented’
Finance

Jerome Powell says he will continue to serve as a Fed governor, calls Trump criticism ‘unprecedented’

Key Points Fed Chair Jerome Powell on Wednesday said he will stay on the Board of Governors for an indefinite period while a probe into the renovation of the central bank’s headquarters continues. The statement resolves for the moment a key question that hovered over the Federal Open Market Committee meeting. “The things that have […]

Read More