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News Roundup
This is a roundup of news and other interesting pieces that I’ve come across over the last few days. I thought they are worth sharing so I hope you enjoy reading them.
TSA sets new single-day record with more than 3 million travelers
On Sunday, July 7, TSA officers screened 3,013,413 people at checkpoints nationwide, which surpassed the previous record of 2.99 million set on June 23, 2024, the agency announced Monday. ➡️ Read more
Barcelona anti-tourism protesters fire water pistols at visitors
Protesters in Barcelona have sprayed visitors with water as part of a demonstration against mass tourism. Demonstrators marching through areas popular with tourists on Saturday chanted “tourists go home” and squirted them with water pistols, while others carried signs with slogans including “Barcelona is not for sale.” ➡️ Read more
Chase’s plan to charge for checking accounts
JPMorgan Chase could soon start charging some 86 million people for holding their own money for them. That’s according to Marianne Lake, CEO of consumer and community banking at JPMorgan Chase, who says the bank may institute checking account fees in order to recoup any revenue lost if regulators go forward with a plan to cap overdraft fees. ➡️ Read more
Delta, Riyadh Air sign strategic agreement
Delta Air Lines, the world’s leading premium airline, and Riyadh Air, Saudi Arabia’s innovative new full-service global carrier, have signed a Strategic Cooperation Memorandum of Understanding with the goal of introducing a broad range of benefits for customers traveling between North America, the Kingdom of Saudi Arabia and destinations beyond. ➡️ Read more
What Happens When Your Bank Isn’t Really a Bank and Your Money Disappears?
The promise of bank insurance — a tenet of U.S. consumer protection since the Great Depression — is now being tested by a crisis swirling around online-only lenders with hundreds of millions of dollars of deposits between them. Customer accounts have been frozen, preventing people from cashing out their life savings. Most depositors have little clue where their money has gone, and whether they will get any of it back. ➡️ Read more
Discover Launches Balance+, Fee Free Overdraft Protection On Debit Card Purchases
Discover has launched a new benefit for Discover checking customers called Balance+. Balance+ lets account holders overdraw their account by up to $200 on debit card purchases with no fees. ➡️ Read more
Guru’s Wrap-up
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