Retailers are making millions from cash-back fees

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The story "Retailers are making millions from cash-back fees" was covered 5 days ago by The Star, a news publisher based in Malaysia.

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The Star 5d ago

Retailers are making millions from cash-back fees - The Star

Quick Summary:

Three major retailers – Dollar General Corp, Dollar Tree Inc and Kroger Co – charge consumers more than US$90mil annually via "cash-back” fees charged to access their own funds at a register, a US financial watchdog found.

The CFPB has worked with the White House on the issue, in addition to the Federal Trade Commission and the Department of Transportation.

Nearly 19 million people in the United States were “underbanked” in 2021, according to the Federal Deposit Insurance Corp.