10-15-2019  2:12 pm   •   PDX Weather    •   SEA weather  
  • 1
  • 2
  • 3
  • 4

NORTHWEST NEWS

Hank Willis Thomas Exhibit Opens at Portland Art Museum

One of the most important conceptual artists of our time, his works examine the representation of race and the politics of visual culture

Grocery Workers Union Ratifies Contract with Stores

The United Food and Commercial Workers Union has agreed a three-year contract for stores in Oregon and Southwest Washington

PCC Weighing Community Input on Workforce Training Center, Affordable Housing in Cully

Portland Community College is compiling the results of door-to-door and online surveys

Lawsuit Filed Against Hilton Hotels in “Calling His Mother While Black” Discrimination Case

Jermaine Massey was ousted from the DoubleTree Hotel in Portland where he was a guest and forced to find lodging at around midnight

NEWS BRIEFS

Protesters Rally in Ashland to Demand 'Impeach Trump Now'

Activists are rallying in Ashland Sunday Oct, 13 to demand impeachment proceedings ...

Black Women Help Kick off Sustainable Building Week

The event will be held at Portland’s first and only “green building” owned and operated by African-American women ...

Voter Registration Deadline for the November Special Election is Oct. 15 

The Special Election in Multnomah County will be held on Nov. 5, 2019 ...

Franklin High School’s Mercedes Muñoz Named Oregon Teacher of the Year

In a letter of recommendation, Muñoz was referred to as “a force of nurture.” ...

Founder of Black Panther Challenge Creates Brand To Support Mental Health

The launch comes during Mental Health Awareness Week. The creators say they want people around the world to know that they aren’t...

Authorities identify 63-year-old man in hunting accident

LONGVIEW, Wash. (AP) — Oregon county authorities have identified the man killed in a suspected accidental shooting while hunting near Washington state lines.The Longview Daily News reports that Columbia County Sheriff's Office identified 63-year-old Martin Fox of Portland.County deputies,...

Name of man released in Portland suspicious death Monday

PORTLAND, Ore. (AP) — Portland police have released the name of a man who died of a gunshot wound Monday in North Portland.The Oregonian/OregonLive reports Ricky Malone Sr.'s death is being investigated as a homicide.Police say the man was found hurt during a welfare check Monday morning in...

Bryant bounces back to lead Missouri over Mississippi

COLUMBIA, Mo. (AP) — Last week, when he heard a pop in his left knee after being hit low, Missouri quarterback Kelly Bryant briefly saw his college football career pass before his eyes. The injury wasn't as bad as it looked, and Bryant played like his old self in a 38-27 victory over...

Missouri out to stop Ole Miss ground game in SEC matchup

Ole Miss coach Matt Luke has watched every game Missouri has played this season, and he was no doubt excited by the way Wyoming ran wild against the Tigers in their season opener.It should have portended good things for the Rebels' own vaunted rushing attack.But the more Luke looked at the video,...

OPINION

“Hell No!” That Is My Message to Those Who Would Divide Us 

Upon release from the South African jail, Nelson Mandela told UAW Local 600 members “It is you who have made the United States of America a superpower, a leader of the world" ...

Rep. Janelle Bynum Issues Response to the Latest Statement from Clackamas Town Center

State legislator questions official response after daughter questioned for ‘loitering’ in parking lot ...

Why Would HUD Gut Its Own Disparate Impact Rule?

"You can’t expand housing rights by limiting civil protections. The ’D’ in HUD doesn’t stand for ‘Discrimination’" ...

Despite U.S. Open Loss, Serena Williams Is Still the Greatest of All Time

Serena Williams lost her bid for what would have been her sixth U.S. Open Singles title ...

AFRICAN AMERICANS IN THE NEWS

Chief: Officer's Proud Boys membership didn't break policy

A Connecticut police officer's membership in the Proud Boys, a far-right group known for engaging in violent clashes at political rallies, didn't violate department policies, the town's police chief has concluded in response to a civil rights group's concerns.The East Hampton officer, Kevin P....

President of Bulgarian soccer resigns after fan racism, loss

SOFIA, Bulgaria (AP) — Criticized around Europe for the racist behavior of Bulgarian fans and under pressure from the country's prime minister following a run of poor results, the president of the country's soccer federation resigned on Tuesday.A few hours later, Bulgarian special police...

Money, hatred for the Kurds drives Turkey's Syrian fighters

BEIRUT (AP) — The Syrian fighters vowed to kill "pigs" and "infidels," paraded their Kurdish captives in front of cameras and, in one graphic video, fired several rounds into a man lying on the side of a highway with his hands bound behind his back.They are part of the self-styled Syrian...

ENTERTAINMENT

Review: In 'Mistress of Evil,' Maleficent plays mom

For a moment, "Maleficent: Mistress of Evil" seems poised to turn into a wonderful take on "Father of the Bride" only with fangs and wings.Princess Aurora (Elle Fanning), the beauty who escaped the curse of sleep, merrily accepts the proposal of Prince Phillip (Harris Dickinson), a marriage that...

Q&A: Julie Andrews on new memoir and her 'second career'

LOS ANGELES (AP) — Julie Andrews hasn't appeared in front of the camera in a feature film for almost 10 years, but that doesn't mean the 84-year-old screen legend has slowed down. She's just moved on to other things, like voice work, book writing and even directing theater.In June, Andrews...

AP Exclusive: Julie Andrews reflects on her Hollywood years

LOS ANGELES (AP) — Everyone is on their best behavior when Julie Andrews is around.It's early June in Los Angeles and Andrews is coming to film segments for a night of guest programming on Turner Classic Movies and speak about her new book, "Home Work: A Memoir of My Hollywood Years," which...

U.S. & WORLD NEWS

Mexico: Families of slain police angry, AMLO defends policy

MORELIA, Mexico (AP) — Grieving family members of the 13 police officers killed in an apparent cartel...

LeBron James no longer King James for Hong Kong protesters

HONG KONG (AP) — When the ball smashed into a photo of LeBron James' face stuck above the hoop and dropped...

12 Democrats meet for first debate since impeachment inquiry

WESTERVILLE, Ohio (AP) — Joe Biden is facing baseless but persistent allegations of wrongdoing overseas...

The Latest: Putin and Erdogan discuss situation in Syria

CEYLANPINAR, Turkey (AP) — The latest on Turkey's offensive in northern Syria (all times local):11:55...

EU: Brexit deal in sight but UK must still do more

LUXEMBOURG (AP) — European Union officials were hoping Tuesday that —after more than three years of...

Trump's sanctions won't bite a vulnerable Turkish economy

FRANKFURT, Germany (AP) — The sanctions the U.S. announced against Turkey this week over its offensive in...

McMenamins
Blake Ellis CNN Money

NEW YORK (CNNMoney) -- Checking account customers are racking up hundreds of dollars in overdraft fees each year, a new government report finds.

On average, overdrawing an account costs customers $225 in fees per year, according to a new study from the Consumer Financial Protection Bureau.

Overdraft fees are sparked when a customer overdraws their checking account by making a purchase with their debit card and the bank covers the transaction instead of denying it, while non-sufficient fund (NSF) fees kick in when a check or automatic payment overdraws the account.

Depending on the bank, the average amount spent on these fees can be as low as $147 per year and can go all the way up to $298. And banks aren't complaining, with overdraft and non-sufficient fund fees making up 60% or more of consumer checking account fee revenue, the CFPB estimated.

As a result of a 2010 Federal Reserve rule aimed at improving the transparency of overdraft programs, banks are required to automatically opt customers out of overdraft protection unless they voluntarily opt in to the program. At certain banks, opt-in rates are as high as 40%, while others have rates of 10% or lower.

Yet, policies still vary widely from bank to bank -- often making it hard to understand the risks and costs associated with an overdraft program. Some banks limit the number of overdraft fees a customer can incur in one day to two while some allow as many as 12; some won't charge fees if an account was overdrawn by less than $5 while some charge fees on every transaction; and some order transactions in a way that maximizes overdraft fees while others minimize fees. The limits on the amount of money that overdraft protection will cover can also vary.

Customers who opt in typically do so because they would rather pay an overdraft fee than risk having a crucial payment -- like rent -- or an emergency transaction denied by the bank. But these customers often end up paying a lot more than one fee as it becomes harder to get back on track with bills or payments.

While one in five checking account customers overdraw their account, many are often repeat offenders -- spending far more than the average overdrafter.

They are also more likely to have an account closed for bad behavior. At some banks in the study, involuntary bank account closure rates were more than twice as high for customers who enrolled in overdraft services.

After the federal opt-in requirement took effect in 2010, chronic overdrafters that decided not to opt in to overdraft protection saved an average of more than $450 in fees during the first six months.

The CFPB said it is assessing the costs and risks that overdraft services pose to consumers and is still determining what its next step will be.

"Consumers need to be able to anticipate and avoid unnecessary fees on their checking accounts," CFPB Director Richard Cordray said in a statement. "But we are concerned that some overdraft practices may increase consumer costs beyond reasonable expectations."

 

mlkbreakfast2020 tickets 300x180

Pacific University Master in Fine Arts Writing
Calendar

Photo Gallery

Photos and slide shows of local events

Seattle Pay by Plate