Main Street Dollars

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When a bank invokes one of the Regulation CC exceptions to delay a deposit, federal law does not leave the depositor guessing. Paragraph (g) of the funds-availability rule requires a written notice, and that notice has to carry five defined pieces of information. A notice missing the amount, the reason or the release period is…

Six days with a negative balance in six months lets a bank hold your deposits for the next six months

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in Fees & Overdraft

A checking account that sits below zero on six banking days inside a six-month window gives a bank the right to slow down deposited funds for the six months that follow. The rule lives in Regulation CC, the Federal Reserve’s funds-availability regulation, and it reaches every account a customer holds at the bank rather than…

A defaulted student loan can take 15% of a paycheck, the tax refund, and part of a Social Security check

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Federal student loan default opens three separate routes by which the government can collect: a share of a paycheck, a tax refund, and part of a Social Security benefit. The wage route is capped at 15%. The other two are described in less detail by the federal pages that explain them, which is part of…

Enrolling a student loan in autopay by December 31 holds a 1% interest cut through June 2028

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Federal student loan borrowers who sign up for automatic payments before the end of 2026 are covered by a 1% interest rate reduction that runs through June 2028. The calendar is the story: the benefit began July 1, 2026, the enrollment cutoff is December 31, 2026, and the reduction is described as lasting until June…

Borrowers in more than 40 states get subprime auto-loan balances cancelled by November 2 without filing anything

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More than 55,000 borrowers who took out subprime car loans through Credit Acceptance Corporation are set to have what they owe erased, with the lender required to provide the relief by the settlement’s November 2, 2026 effective date. Attorneys general in dozens of states announced the $694 million deal on September 17, and none of…

Banks collected $2.96 billion in overdraft and bounced-check fees in six months

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in Fees & Overdraft

Banks above $1 billion in assets collected $2.96 billion in combined overdraft and non-sufficient funds fees in the first six months of 2026. The number comes from a Motley Fool Money analysis of bank regulatory filings, relayed in a Stacker feature, and no regulator published it. For households, the more useful finding sits next to…

A bank that holds your deposit owes you a written notice naming five specific things

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in Checking & Savings

When a bank decides a deposited check needs more time than its normal schedule, federal rules do not let the hold happen silently. Regulation CC requires a written notice that names five specific things, and the rule’s own wording is short enough to quote in full. The same section sets the dollar thresholds that let…

Equifax’s settlement over a three-week 2022 coding error closes to claims December 28

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A coding error inside Equifax, lasting about three weeks in the spring of 2022, has produced a class settlement that stops taking claims on December 28, 2026. The case concerns credit scores and credit attributes that reached lenders and other third parties in a different form than they should have. Equifax’s own analysis, not the…

Credit Acceptance will erase $634 million in car loan debt across 41 states and Washington, D.C.

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Nobody has to fill in an application to receive relief under the Credit Acceptance settlement. Attorneys general in 41 states and Washington, D.C. announced that the subprime auto lender will erase $634 million in car loan debt, and the lender itself is responsible for telling borrowers who are covered. The settlement takes effect November 2,…

Dell is pledging $250 deposits into Trump Accounts for up to 25 million children, the program’s official site says

Sep 30, 2026

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