AGP Executive Report
Last update: 6 hours agoATM Fee Fallout: Bank of America agreed to a $2.25M class-action settlement over alleged double out-of-network balance inquiry fees at certain 7‑Eleven ATMs (May 1, 2018–Nov. 16, 2021). Current customers reportedly won’t need to file; former customers had a claim deadline listed as June 29, with a final fairness hearing set for Aug. 21. Fraud Controls Expand (UK): The UK DWP issued new guidance on what banks may be asked to check under benefit Eligibility Verification powers, starting with Universal Credit, Pension Credit and ESA—aimed at spotting “eligibility indicators” like savings above thresholds. Banking System Pressure (Bangladesh): A leading economist warned Bangladesh can’t reach a “trillion-dollar economy” without urgent banking, tax, and business-cost reforms, criticizing past plans that stalled at rhetoric. Crypto Regulation Watch: The CLARITY Act cleared a Senate Banking Committee hurdle, while debate continues over how much oversight crypto markets should face.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
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