Tag "3"

Tsipras raises stakes in Greek showdown

Greek Prime Minister Alexis Tsipras is preparing to address lawmakers after raising the stakes in his country’s showdown with creditors by rejecting demands for more austerity and opting for a deferral of IMF payments. The Greek decision to bundle upcoming International Monetary Fund payments and transfer them all at the end of the month was a 180 degree turn by the government and caught many by surprise. Tsipras told reporters

Banks' billions in overdraft fees dodge tough U.S. rules

After studying overdraft fees for more than three years, the Consumer Financial Protection Bureau is leaning against subjecting banks to tough new rules that would cap the size of charges or limit how frequently they can be imposed on consumers, said two people briefed on the agency’s work. More likely, when the CFPB proposes regulations later this year or in early 2016, it will probably bar lenders from reordering transactions