The Consumer Financial Protection Bureau (CFPB), under the direction of the Biden administration, has recently proposed new rules aimed at reducing overdraft fees charged by banks. These rules would cap the fees banks can charge customers who spend more than they have in their accounts. The proposed upper limits for these fees are $3, $6,…
Category: Finance
Asian markets experienced gains on Thursday as investors eagerly awaited the release of major US inflation data. This data is expected to have a significant impact on the Federal Reserve’s decision regarding interest rate cuts. Market analysts are predicting that headline inflation will continue to decrease, potentially reaching as low as 2.5 percent. This decrease…