Opinion

CFPB to look into overdraft fees

Richard Cordray, director of the Consumer Financial Protection Bureau. Image: ProgressOhio/Flickr/CC BY

The newly-opened Consumer Financial Protection Bureau announced Wednesday that it will be looking into banking practices as they relate to overdraft fees. Near the top of consumer complaints, banks say that overdraft fees are a fair way to keep customers from getting overextended. Others say they are just a profit-making venture. CFPB probes banking practices [...]

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Obama grants presidential pardons for five, commutes one

President Obama announced a list of pardons on Monday. It is the third such list he has produced during his administration. The president has pardoned five people who were convicted of various offenses and already served their time. The chief executive also commuted one sentence. The presidential right to grant pardons has drawn controversy on [...]

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Obama grants pardons to five and commutes one sentence. Image: aflcio/Flickr/CC BY
Obama grants pardons to five and commutes one sentence. Image: aflcio/Flickr/CC BY

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