864
submitted 8 months ago by return2ozma@lemmy.world to c/news@lemmy.world
top 50 comments
sorted by: hot top controversial new old
[-] alilbee@lemmy.world 195 points 8 months ago

Disappointed in the comments here so far. There's a cardinal rule of improv that also works well for many other things in life, politics included: "yes, and".

This is a great change that will save folks money and make the country just a little bit fairer. Celebrate that, and then use the momentum to push for more. This builds alliances and a shared vision, instead of devolving into petty squabbles around direction.

[-] return2ozma@lemmy.world 37 points 8 months ago

It's definitely a start.

[-] FenrirIII@lemmy.world 25 points 8 months ago

You can please some of the people some of the time, but none of the people all of the time.

[-] horsey@lemm.ee 10 points 8 months ago

Do you mean all of the people none of the time?

load more comments (8 replies)
[-] ShepherdPie@midwest.social 10 points 8 months ago

The problem is that supporters of the "business as usual politicians such as this (or pardoning federal inmates convicted of marijuana possession of which there were zero) hold things up like this whenever one criticizes them in order to claim that they're doing so much to help the country.

Throwing scraps on the floor in order to get better polling numbers before an election isn't serving the people.

[-] alilbee@lemmy.world 17 points 8 months ago* (last edited 8 months ago)

Then criticize them then and have them stay on topic, and I'll be right there with ya. Right now though, they're not using it as a bludgeon. It's just a nice win. Do you not see how your approach will lead to nothing but cynicism over time? Even if you strive not to, you will begin to view every win as some sort of maneuver to get one over on you.

[-] SupahRevs@lemmy.world 14 points 8 months ago

Biden started the momentum for capping late fees over a year ago. He mentioned it in his State of the Union address. This is just how government works. I don't think having some progress made in March of an election year after initiating desire to make progress over a year ago is scaps on the floor. It is competent governing.

[-] demesisx@infosec.pub 10 points 8 months ago* (last edited 8 months ago)

Full disclosure: Trump bad! Biden GOOD!

You’re disappointed but personally, it’s hard NOT to feel a great deal of schadenfreude when:

the guy who, for his entire career, has openly accepted bribes in exchange for legislation that is economically violent toward his own constituents now presumably wants the exact same constituents he sold out to vote for him

and is using small, meaningless crumbs to gain that vote when he could have just NOT ENABLED A GENOCIDE.

If this situation doesn’t make you a true believer about there being no hope, I honestly don’t know what will. I lost hope in 2016 and have just been laughing through the bullshit since then. It’s exactly as real as pro wrestling at this point.

no yes

load more comments (2 replies)
[-] SnotFlickerman 122 points 8 months ago

How about fucking "convenience fees" when I do shit like pay my fucking rent?

Always real "convenient" that there's a charge for paying your bills.

[-] KoboldCoterie@pawb.social 89 points 8 months ago

We used to pay our rent in 15-20 installments, one every day or two. The office of the apartment building we lived in was on the way to our apartment, so it wasn't any inconvenience for us to just drop a check in their drop box when we passed by, but I like to think it was mildly irritating for them to have to deal with the book-keeping. They asked us not to on multiple occasions but their only online option had a small "convenience charge" attached, so... No, thank you. I'd be happy to use it if they paid me a "convenience fee" for not making them process 20 checks every month.

[-] KevonLooney@lemm.ee 43 points 8 months ago

The real issue is that the apartment building is charged a fee by their payment processor to use electronic payments, and they didn't want to pay it. It is a convenience fee for the bank customer (the building) because they have to do less work cashing checks.

It's stupid to try to pass that to people living in the building. Most personal bank accounts allow you to pay automatically with a check that's mailed for free. Paying by check is not inconvenient for individuals, it's only inconvenient for the person cashing all the checks.

[-] loudpaperclips@lemmy.world 20 points 8 months ago

The issue is further up the chain but it's an issue nonetheless. Banks want to go back to physical transactions about as much as people do, so in reality they should be charging for the physical to get people to move to digital.

It's safer, faster, and encourages more spending, just like a credit card does.

load more comments (2 replies)
load more comments (3 replies)
[-] mipadaitu@lemmy.world 24 points 8 months ago

That sounds like a nightmare for bookkeeping... I'm not sure if it's genius, evil, or both.
How did you keep track of which checks were cashed, and which ones were pending???

[-] KoboldCoterie@pawb.social 35 points 8 months ago

Our bank had a really nice web interface for that. We could just go to the website and see all of the checks, the amounts, and the dates they were cashed, and we weren't using checks for any other purpose, so there wasn't anything else diluting the list. They could have made it a hassle for us by selectively "losing" some occasionally, I suppose, but they never did.

[-] SpaceNoodle@lemmy.world 19 points 8 months ago

It would have exacerbated the hassle for them as well.

load more comments (1 replies)
load more comments (1 replies)
load more comments (3 replies)
[-] Godric@lemmy.world 101 points 8 months ago

Holy shit how are Boe Jiden's consumer protection agencies so based all day long? Not only do we have this EXCELLENT SHIT from the CFPB, we also get the constant anti-trust lawsuits from QUEEN Lina Khan, who is making the FTC relevant again!

Antitrust has been dead for generations, and for the first time in my+grandparents lifetime we see the government trying to reign in the travesty that is American corporatism. Fuck damn I love to see it!

[-] CptEnder@lemmy.world 43 points 8 months ago

Also capped insulin prices and old people drugs. The man is speedrunning pothole legislation, oh yeah and he literally fucking made a national pothole fixing Bill.

Biden is definitely going down like Carter where 2 decades later everyone benefits from his presidency and are like "fuck he was actually pretty good".

[-] Asafum@feddit.nl 24 points 8 months ago* (last edited 8 months ago)

Lemmy leftie morons: JoE BiDeN hAtEs Us!

It's like they ignore all of this news and act like all he's ever done is beat the shit out of rail workers...

[-] Godric@lemmy.world 11 points 8 months ago

Yeah I can't believe he personally crucified union members with railroad spikes, I thought that was overboard, if a little impressive at his age.

load more comments (4 replies)
[-] Reverendender@sh.itjust.works 81 points 8 months ago

The banking industry opposes caps on overdraft and credit card late fees

I'm shocked

[-] ripcord@lemmy.world 54 points 8 months ago

I love all the little things his administration keeps doing, and they're good. I just wish he had some big initiative he could hang his hat on. Little things like this - while good - don't really get people excited and aren't the sea change(s) we need.

I know, a big part of that is congress.

But damn surely there's a lot more ballsy stuff that could have been done by now. Weed not being federally legalized yet is stupid, for one thing.

[-] SupahRevs@lemmy.world 36 points 8 months ago

There are a lot of big things that would be celebrated if our media covered it differently and if Biden was as self-aggrandizing as Trump.
But the little things are really what make me want to vote for Biden again. This is competent governing. In my field, I've seen how the little things lead to big things. Like the approval of off shore wind farms that were stalled under Trump are now approved and constructed leading to the first utility scale offshore wind farm in the US. A huge accomplishment from one little approval.

[-] BigMikeInAustin@lemmy.world 14 points 8 months ago

Trump will probably campaign saying, “In 2024 I reduced junk fees,” and his people will believe him.

load more comments (1 replies)
[-] Nugget@lemm.ee 18 points 8 months ago* (last edited 8 months ago)

The Inflation Reduction Act is one of the most significant pieces of legislation in a long time

load more comments (2 replies)
[-] Wahots@pawb.social 11 points 8 months ago

Even if this is low hanging fruit, I love him doing stuff like this. I remember how infuriating it is to get some random charge on an account, call up the bank to report fraud, only to be told it's because a savings account needs X dollars in it or some nonsense charge like that.

load more comments (4 replies)
[-] givesomefucks@lemmy.world 47 points 8 months ago

We need interest caps and a social safety net so people don't have to turn to 29% predatory lending.

[-] Illuminostro@lemmy.world 16 points 8 months ago* (last edited 8 months ago)

That kind of commie talk makes St. Reagan cry.

load more comments (11 replies)
[-] gofsckyourself@lemmy.world 47 points 8 months ago

Great step forward. Now eliminate debit card overdrafting and those fees.

[-] UnderpantsWeevil@lemmy.world 15 points 8 months ago

The U.S. Chamber of Commerce said it would be filing a lawsuit against the CFPB "to prevent this misguided and harmful rule from going into effect.”

Don't hold your breath. The current state of the judiciary is nakedly hostile to administrative law generally and bank regulations specifically.

Keep an eye on Consumer Financial Protection Bureau v. Community Financial Services Association of America, Limited. Might not even have the CFPB for much longer.

load more comments (1 replies)
[-] jballs@sh.itjust.works 42 points 8 months ago

... will close a loophole to slash late fees charged by credit card companies from an average of $32 to $8, which the agency projects will save $220 annually for 45 million Americans.

Someone double check my math here. But I'm reading this statement to say that 45 million Americans are - on average - late on 10 credit card payments each year. That's probably not a good sign of a healthy economic outlook.

[-] hansl@lemmy.world 39 points 8 months ago

49% of Americans can’t afford a 1000$ emergency. I can see why you would use your credit card, try to pay it with your next paycheck, paycheck is late (because of course it is) then miss credit card payment.

Those are very thin margins that a lot of Americans deal with.

load more comments (1 replies)
load more comments (3 replies)
[-] ThePantser@lemmy.world 34 points 8 months ago

Let's cap fees doctors can charge for missing an appointment. Since doctors seem to want to schedule months out sometimes shit comes up and we don't know our schedule months away.

[-] pearsaltchocolatebar@discuss.online 26 points 8 months ago

I mean, if you have other shit going on that day, it's kinda on you to cancel or reschedule your appointment before whatever cutoff they have instead of just not going.

You made the commitment to be at your appointment at the scheduled time, and if you no show that's time that could have been spent seeing another patient and money they can't make because of your actions.

I've never had an issue if something came up the day of and I needed to reschedule, as long as I called the moment I knew I might not make it.

[-] iopq@lemmy.world 11 points 8 months ago

This is true, but if I made an appointment for 9, how come I don't see anyone but the nurse for two hours?

Seems like the doctor doesn't have a commitment to take care of my problem at the scheduled time.

load more comments (8 replies)
load more comments (1 replies)
[-] RememberTheApollo_@lemmy.world 29 points 8 months ago

Even though banks will still be able to charge limited overdraft fees, it won't be able to exceed the banks' losses under the rule. The CFPB has not finalized an amount but is exploring overdraft fees capped at $3, $6, $7, or $14, plus $.50 per transaction. The overdraft rule is currently under review.

They need to move their asses on this one. I think many banks charge $25-35 for an overdraft, an absurd amount of money that is obviously being charged to someone who doesn't have money.

[-] HawlSera@lemm.ee 11 points 8 months ago

I know somethat charge that DAILY!

load more comments (1 replies)
[-] demesisx@infosec.pub 27 points 8 months ago* (last edited 8 months ago)

Full disclosure: Trump bad! Biden good!

Impressive considering he reports directly to MBNA.
The article misrepresents it a bit because he didn't just back it. He actually WROTE that bill.

load more comments (2 replies)
[-] BeautifulMind@lemmy.world 27 points 8 months ago

While they're at it, why not cap processing fees as junk fees? It for sure doesn't cost 2.9% of your grocery bill to facilitate the payment- it's all automated and there's little to no labor involved in the actual processing, it's just collecting economic rent

[-] brianorca@lemmy.world 17 points 8 months ago

Or 30% to deliver an app.

[-] pixelscience@lemm.ee 14 points 8 months ago* (last edited 8 months ago)

Like they're going to just take the lack of those fee profits off the bottom line. Look forward to the new and/or increased yearly fees now.

[-] BigMikeInAustin@lemmy.world 17 points 8 months ago

Is your suggestion to just continue to pay the companies whatever they ask for without a fight?

load more comments (2 replies)
load more comments (3 replies)
[-] zerkrazus@lemmy.world 13 points 8 months ago

Okay. Why can't they just get rid of the fees altogether? Why do we need to have ANY kind of junk fees for anything? Oh wait, I know. To make rich people richer.

load more comments (1 replies)
load more comments
view more: next ›
this post was submitted on 05 Mar 2024
864 points (100.0% liked)

News

23301 readers
3026 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 1 year ago
MODERATORS