The potential charges, says Marianne Lake, CEO of consumer and community banking at JPMorgan, are a result of new regulatory rules that cap overdraft and late fees. Lake says Chase will be passing along those increased expenses to customers, which would put an end to now-free services such as checking accounts and wealth management tools.
Of course, whether those rules will go into effect could depend on the results of the November election. Donald Trump could strike them down or dilute them
This sure seems like political action designed to put pressure on the electorate.
Why? I changed my bank like decades ago and have a free account ever since. IIRC a ‘real’ credit card would cost a fee, and unlimited cash withdrawal too, but I think that’s it. I don’t use either.
I have accounts at two different banks but I don’t have any credit cards. Debit cards are way more widely used in Europe. Every bank in the Netherlands will charge you a fee for opening an account.
$15 a month for a bank account is less than 1 hour’s work at Canada’s minimum wage. That’s more than two hours’ worth of work at US minimum wage.
Not ridiculously expensive all things considered, but still worth noting how much a poor person would have to work just to maintain a bank account at that rate in the U.S.
BS. This is exactly what Rump world wants. They love consolidation of power, Christian nationalism, and taking power away from non-white men. They are worried that centrist and moderate red voters will hear about it.
It’s the finer points, like SS and Medicaid that they would worry about. People care when it hits their wallet in a way that isn’t hidden behind taxes.
They have 86 million people just giving them piles of money. They use that money to lend and invest and then reap all the profits. They incentivize those people to take loans from them and get credit cards through them, because when you already have millions of people entrusting you with their life savings, it’s easy to upsell them.
And now, just because they have caps on their bullshit fees, they want to charge people for the privilege of handing over all that free money? Fucking genius right there. No way that will backfire.
Banks are awful, find a credit union, never deal with this kind of bullshit again (probably).
In the states most all of your credit unions are part of a co-op network and will allow you to “withdraw for free” from any other atm at a credit union. However most credit unions will also cover the atm fee you pay at other ATMs. Check with them as you apply. If you’re in California and have a way to join it, I’d recommend Schools Credit Union.
It is the best. Also, in the event someone gives you misinformation. Credit union accounts are insured as well for up to 250,000 just like regular banks, however they’re insured through NCUA rather than FDIC. even my parents who are well off and very intelligent even thought that credit unions weren’t properly insured. 🙃
Not for me, either. BECU in Washington state. In fact, they reimburse my fees from out-of-network ATMs, so more flexible than a bank – I can use the crummy ATMs in the corner in the 7-11.
They’re being petulant and looking to punish their customers. They’re hoping the next time the “Gub” tries to regulate them people will remember rates went up after and push back on government regulation.
They make money hand over fist. How DARE someone “take something from them” when they’re owed everything!
Well, also they don’t give a shit about weed carts. Their job is security, not drug enforcement. Sure if you had a pound of weed they’d probably stop you, but a vape cart or two? Not worth their time. Especially if it ends up being tobacco. And they can’t tell from the scanner.
lmao, weed carts and tobacco carts are quite different looking, and yes they care about them a lot less than weapons, but they can and will confiscate them if they find them, and they never do.
Depends on the cart, man. You can get some cheap-ass disposable 510 carts for nicotine that don’t look THAT different from the 510 weed carts. The atomizers are completely different, as is the wick, but the average person scanning doesn’t know that.
And as you get into disposable weed vapes they’re not dissimilar from the disposable nicotine ones. Again, different tech for actually vaping, since oils and PG/VG behave differently, but the average person won’t notice.
I travel a lot for work. US Customs and the TSA are absolutely a sick joke. I could easily write a novella on the extremely poor training of TSA employees. I have a small permanent retainer (read: braces); about 25% of the time, that is considered suspicious, and I get an enhanced inspection. “Ya know, I could just open my mouth and show you what’s in there.”
The TSA always determines that my juggling balls are suspicious, so I never pack them in carry-on anymore. I have NEXUS, yet I always get an enhanced inspection on return to the US. Literally every other country to which I have flown just waves me through, even before I got Pre-Check/NEXUS/Global Entry.
My partner had her rigging knife in her backpack on a flight out and back. She was unpacking and found it in her backpack after the trip. Good catch, TSA.
And the absolute frosting on the TSA shit sandwich: one of my close friends owns a private security firm. His company was approached by the TSA to assist in security audits at a major international airport. He and his team were contracted to “smuggle” fake firearms through TSA checkpoints, any way they could. The TSA repeatedly failed to detect the firearms for each of five audits. The TSA division (district? regional?) manager, frustrated at his group’s 100% failure rate, determined that my friend’s company must have specialized criminal training, and everyone who worked that contract were put on the no-fly list. It took him about 18 months to unfuck that mess for him and his employees.
I had written a few more paragraphs about TSA hassles, but I think y’all get the picture.
I’ve carried a set of leather wrapped juggling balls on flights off and on since the 90’s. They used to make every X-ray reader twitch out. They’re about the right size for bad items (explosives, grenades), and I have three, not just one.
Normally it would get a quick search, a moment of confusion, and then no worries.
Once when going through the old airport in Berlin, I got searched at the second checkpoint, they brought out the balls to me, so I started juggling them and did a routine. It was really quiet so I was the only passenger in sight. That was the only time I’ve performed in front of an audience who was carrying machine guns.
The TSA division (district? regional?) manager, frustrated at his group’s 100% failure rate, determined that my friend’s company must have specialized criminal training, and everyone who worked that contract were put on the no-fly list.
Oh, throughout the whole thing, he and his employees were treated like garbage. He would get through security, go directly to the person’s office, and reassemble the pistol in front of the manager. And then my friend (or one of his employees) would get interrogated for hours on unrelated questions, like it was somehow my friend’s fault that the TSA failed their audits.
the only surprising thing in this story is that no one got their genitals full on cupped and brushed.
I’ve had 3 different TSA agents reach down the front of my pants and either full on grab my junk or very heavily brush the back of their hands over it (through underwear)
A hypothetical version of myself may have worked in an International Airport as a security lead. That hypothetical version would have to pass through general passenger TSA and Border checkpoint dozens of times a day. They also may have always been carrying dab pens on him and his coworkers might have on several occasions just carried handguns through that they might have forgotten on their persons.
Yeah Airports are to security as Ant traps are to an exterminator. Lotta smoke and mirrors. Most cameras are non functioning or just straight up not wired in the first place.
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