Trump would have done twice that, gave black people reparations and stopped his voter base from being anti-black if he got the chance. 
fukking Democrats.
fukking Democrats.
I think its time you start giving Biden his props
- Thread starter Micky Mikey
- Start date
damn this site has some pathetic takes
ORDER_66
I am The Wrench in all your plans....
Joe Biden Plans To Slash Bank Overdraft Fees To As Little As $3
“Banks call it a service,” the president said. “I call it exploitation.”
Joe Biden Moves To Slash Bank Overdraft Fees With New Rule
“Banks call it a service,” the president said. “I call it exploitation.”By Dave Jamieson
Jan 17, 2024, 09:05 AM EST
The Biden administration unveiled a new rule Wednesday aimed at slashing bank overdraft fees to as low as $3, a move the president said would help end abusive practices by financial institutions.
Under the proposal, banks could continue to charge fees when a customer’s account falls below zero, but either at a price in line with the bank’s actual costs to administer the overdraft or at an established benchmark created by the new rule.
The Consumer Financial Protection Bureau (CFPB) proposed potential fees of $3, $6, $7 or $14 and is seeking feedback from banks and the public on what would be appropriate. Current overdraft fees often push $30 or more, taking a significant bite out of low-income accounts.
Rohit Chopra, the CFPB’s director, said in a statement that banks had turned overdraft fees into a cash cow that they were never intended to be, especially with the rising popularity of debit cards over the years.
“Decades ago, overdraft loans got special treatment to make it easier for banks to cover paper checks that were often sent through the mail,” Chopra said. “Today, we are proposing rules to close a longstanding loophole that allowed many large banks to transform overdraft into a massive junk fee harvesting machine.”
President Joe Biden was more blunt about overdraft fees in a statement released by the White House.
“Banks call it a service – I call it exploitation,” he said.
The Biden administration said the new rule would help curb abusive practices by banks.
VIA ASSOCIATED PRESS
The new rule would apply to roughly 175 large banks that have at least $10 billion in assets. The CFPB said these banks “typically” charge an overdraft fee of $35, even though most of the debit card transactions involved are for $26 or less and are quickly repaid.
The agency estimates the rule would save consumers a total of $3.5 billion or more per year, or an average of $150 to households that get hit with overdraft fees.
Such federal rules must go through a public-comment period before they can be finalized and implemented, and they often face legal and political pushback. The overdraft proposal may face court challenges by the powerful financial services industry.
Overdraft fees have generally been on the decline in recent years, in part because of increased regulatory scrutiny of the practice. The Financial Health Network released research in June showing that overdraft revenue for banks dropped 6% in 2022 versus the previous year, though the percentage of households paying the fees remained steady.
According to the group’s survey, half of the customers who paid the fees said their overdraft was unintentional.
Poll Ranks Biden as 14th-Best President, With Trump Last (Published 2024)
President Biden may owe his place in the top third to his predecessor: Mr. Biden’s signature accomplishment, according to the historians, was evicting Donald J. Trump from the Oval Office.
Poll Ranks Biden as 14th-Best President, With Trump Last
President Biden may owe his place in the top third to his predecessor: Mr. Biden’s signature accomplishment, according to the historians, was evicting Donald J. Trump from the Oval Office.
A poll of historians ranks President Biden just ahead of Woodrow Wilson, Ronald Reagan and Ulysses S. Grant.Credit...Haiyun Jiang for The New York Times
By Peter Baker
Peter Baker has covered the past five presidents, ranked seventh, 12th, 14th, 32nd and 45th in the survey.
Feb. 18, 2024
President Biden has not had a lot of fun perusing polls lately. He has a lower approval rating than every president going back to Dwight D. Eisenhower at this stage of their tenures, and he trails former President Donald J. Trump in a fall rematch. But Mr. Biden can take solace from one survey in which he is way out in front of Mr. Trump.
A new poll of historians coming out on Presidents’ Day weekend ranks Mr. Biden as the 14th-best president in American history, just ahead of Woodrow Wilson, Ronald Reagan and Ulysses S. Grant. While that may not get Mr. Biden a spot on Mount Rushmore, it certainly puts him well ahead of Mr. Trump, who places dead last as the worst president ever.
Indeed, Mr. Biden may owe his place in the top third in part to Mr. Trump. Although he has claims to a historical legacy by managing the end of the Covid pandemic; rebuilding the nation’s roads, bridges and other infrastructure; and leading an international coalition against Russian aggression, Mr. Biden’s signature accomplishment, according to the historians, was evicting Mr. Trump from the Oval Office.
“Biden’s most important achievements may be that he rescued the presidency from Trump, resumed a more traditional style of presidential leadership and is gearing up to keep the office out of his predecessor’s hands this fall,” wrote Justin Vaughn and Brandon Rottinghaus, the college professors who conducted the survey and announced the results in The Los Angeles Times.
Mr. Trump might not care much what a bunch of academics think, but for what it’s worth he fares badly even among the self-identified Republican historians. Finishing 45th overall, Mr. Trump trails even the mid-19th-century failures who blundered the country into a civil war or botched its aftermath like James Buchanan, Franklin Pierce and Andrew Johnson.
Judging modern-day presidents, of course, is a hazardous exercise, one shaped by the politics of the moment and not necessarily reflective of how history will look a century from now. Even long-ago presidents can move up or down such polls depending on the changing cultural mores of the times the surveys are conducted.
For instance, Barack Obama, finishing at No. 7 this year, is up nine places since 2015, as is Grant, now ranked 17th. On the other hand, Andrew Jackson has fallen 12 places to 21st while Wilson (15th) and Reagan (16th) have each fallen five places.
At least some of that may owe to the increasing contemporary focus on racial justice. Mr. Obama, of course, was the nation’s first Black president, and Grant’s war against the Ku Klux Klan has come to balance out the corruption of his administration. But more attention today has focused on Jackson’s brutal campaigns against Native Americans and his “Trail of Tears” forced removal of Indigenous communities, and Wilson’s racist views and resegregation of parts of the federal government.
As usual, Abraham Lincoln, Franklin D. Roosevelt, George Washington, Theodore Roosevelt and Thomas Jefferson top the list, and historians generally share similar views of many presidents regardless of their own personal ideology or partisan affiliation. But some modern presidents generate more splits among the historians along party lines.
Among Republican scholars, for instance, Reagan finishes fifth, George H.W. Bush 11th, Mr. Obama 15th and Mr. Biden 30th, while among Democratic historians, Reagan is 18th, Mr. Bush 19th, Mr. Obama sixth and Mr. Biden 13th. Other than Grant and Mr. Biden, the biggest disparity is over George W. Bush, who is ranked 19th among Republicans and 33rd among Democrats.
Intriguingly, one modern president who generates little partisan difference is Bill Clinton. In fact, Republicans rank him slightly higher, at 10th, than Democrats do, at 12th, perhaps reflecting some #MeToo era rethinking and liberal unease over his centrist politics.
The survey, conducted by Mr. Vaughn, an associate professor of political science at Coastal Carolina University, and Mr. Rottinghaus, a professor of political science at the University of Houston, was based on 154 responses from scholars across the country.
Peter Baker is the chief White House correspondent for The Times. He has covered the last five presidents and sometimes writes analytical pieces that place presidents and their administrations in a larger context and historical framework. More about Peter Baker
Secure Da Bag
Veteran
Trump would have done twice that, gave black people reparations and stopped his voter base from being anti-black if he got the chance.
Doing the work
Lifetime appointments
He gon give us them Air Gordon sneakers and tell us to go sit our black ass down somewhere.Trump would have done twice that, gave black people reparations and stopped his voter base from being anti-black if he got the chance.