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Mass. lawmakers move to fix credit card fee loophole


Mass. lawmakers move to fix credit card fee loophole
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Updated: 6:34 PM EDT May 19, 2021
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Updated: 6:34 PM EDT May 19, 2021
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EXPOSED IN FEBRUARY. HE SAID THAT’S JUST THE WAY IT IS. IT’S A FEE THAT WE CHARGE. BEN: WHEN BOB PARENT TOOK HIS FORD F-150 TO GET THE BACKUP CAMERA REPAIRED AFTER A REAR END CRASH, HE NOTICED THE $500 DEPOSIT HE PAID WITH A CREDIT CARD ACTUALLY CAME OUT TO $517.50. AN INCREASE OF 3 AND A HALF%. I NOTICED IT WHEN I LOOKED AT THE RECEIPT AND AND IT SAID A NON-CASH ADJUSTMENT. BEN: THAT NON-CASH ADJUSTMENT ALSO APPEARED ON HIS RECEIPT WHEN HE PAID THE BALANCE A TOTAL OF 40 EXTRA DOLLARS $40 EXTRA ON THE TOP OF THE $1100 REPAIR. I DIDN’T THINK THAT THAT WAS, IT WAS THE RIGHT THING TO DO. IT WAS JUST IT WAS NOT I DON’T THINK IT WAS LEGITIMATE. BEN: SO BOB LOOKED UP MASSACHUSETTS CREDIT CARD LAW, WHICH IS CLEAR. IT SAYS NO SELLER IN ANY SALES TRANSACTI ....

United States , Massachusetts Division Of Banks , Non Cash Adjustment , Credit Card Surcharge , Credit Card Fee , Boch Honda , Credit Cards , ஒன்றுபட்டது மாநிலங்களில் , மாசசூசெட்ஸ் பிரிவு ஆஃப் வங்கிகள் ,

Greylock Federal Credit Union to merge with Credit Union of the Berkshires


PITTSFIELD — Greylock Federal Credit Union and Credit Union of the Berkshires, two of Berkshire County’s oldest such financial establishments, have reached an agreement to merge, their CEOs said Monday.
The merger is subject to the approval of the Credit Union of the Berkshires’ 2,000 members, and three regulatory agencies: the National Credit Union Administration, the Massachusetts Division of Banks and the Massachusetts Credit Union Share Insurance Corp. The NCUA is the national regulatory agency for credit unions.
The merger is expected to be completed in late fall.
Pittsfield-based Greylock, the county’s largest credit union, has $1.4 billion in assets and is wholly owned by its 90,406 members. Credit Union of the Berkshires, which would become part of Greylock after the merger is finalized, has nearly $23 million in assets and is the second-largest credit union in Pittsfield. ....

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