Today’s Headlines – January 18, 2024
Biden Proposes Cap on Bank Fees, Howard Univ. Celebrates MLK Day, Liberty Tax Settles, DC Delegate Norton Faces Challenger
Good day, it’s Thursday, January 18th, and we have some news to start your day. President Biden has proposed a new regulation to reduce the cost of overdrawing a bank account, Howard University’s basketball team celebrated Martin Luther King Jr. Day with community service projects, and Liberty Tax has agreed to pay $550,000 to over 7,300 Washington D.C. residents who were misled and overcharged for their tax services.
CFPB outlines approaches for banks to calculate overdraft fees, as Biden seeks to cut fees to $3 and reduce financial burdens
President Biden has proposed a new regulation that would significantly reduce the cost of overdrawing a bank account, targeting what it views as unnecessary financial burdens on consumers. The proposal could cap the overdrawn account fee at $3, which would represent a significant difference from the current banking landscape where fees can soar to as much as $39.
Jordan Brand and basketball thrills: Howard University’s MLK Classic triumphs
Howard University’s basketball team celebrated Martin Luther King Jr. Day by incorporating community service projects and panels for student-athletes interested in pursuing careers in sports. This year, the program took another step by hosting a standing-room-only swim and diving meet, followed by a virtual panel coordinated with Jordan Brand, the athletics program’s major sponsor.
District of Columbia attorney general forces Liberty Tax to pay $550k settlement
Tax preparation company Liberty Tax has agreed to pay $550,000 to over 7,300 Washington D.C. residents who were misled and overcharged for their tax services. The settlement also requires the company to pay $200,000 to the District and cease deceptive marketing and pricing tactics used across the US.
*Due to an error we published the story below with an inaccurate headline. We apologize for any confusion*
Kymone Freeman challenges Eleanor Holmes Norton for D.C. delegate seat amid Gaza cease-fire dispute
DC Delegate Eleanor Holmes Norton faces a new challenger in the upcoming election, as Kymone Freeman announces his bid for the delegate seat. Freeman, co-founder of We Act Radio, criticizes Norton’s stance on the Israel-Palestine conflict and aims to be a voice against injustices in the House.
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