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Widespread Consequences of Junk Fees Uncovered, With Financial Transactions Showing Most Impact on Americans

Fintech Finance

As political efforts intensify to combat junk fees across various sectors, a groundbreaking study conducted by Wise , the global technology company building the best way to move and manage money internationally, unveils a hidden landscape of fees plaguing the everyday lives of Americans.

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The shifting EWA regulatory framework and its impact on bank partnerships and instant payment adoption

Tearsheet

Workers have the option to receive EWA funds at no cost within 1-3 days via ACH, or they can opt to have their direct deposit sent to a reloadable Visa debit card, named Friday by DailyPay. Alternatively, DailyPay charges a fee if employees choose to instantly send EWA wages to a card or account.

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CFPB Finalizes Rule Limiting Credit Card Late Fees

Global Fintech & Digital Assets

Representative Maxine Waters, ranking member of the House Financial Services Committee, applauded the Rule and CFPB leadership for “finalizing this critical rule to slash credit card late fees.” anti-competitive, unfair, deceptive, or fraudulent business practices” across key markets and sectors.

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