The Consumer Financial Protection Bureau said Thursday it’s capping overdraft fees at $5 with a rule set to take effect in October 2025, if it isn’t overturned by Congress or altered under a Trump administration.
Business
Local, state and national business news from the Sun Journal.
Posted inAdvertiser Democrat, Business, Maine, Oxford Hills
Norway Odd Fellows Hall renovations expected to start next month
The plan involves creating 16 affordable apartments and an 1,800-square-foot commercial space on the first floor.
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Posted inAdvertiser Democrat, Business, Health, Maine, Oxford Hills
Norway business leads the way on non-emergency medical transport in Maine
What began with two minivans and a desire to help community members get a ride now has more than 100 drivers and volunteers driving across much of the state.
Posted inBusiness, Franklin, Maine, News, The Franklin Journal
New owner of Richard’s Florist adds gift shop, delivery in Farmington
Shannon Monahan previously worked as a social worker and for other florists before buying Richard’s in late summer.
Posted inBusiness, Lewiston-Auburn
Auburn’s Side By Each Brewing to close at the end of 2024
The pandemic and staffing issues were cited by the owner as problems working against the brewery and restaurant on Minot Avenue.
Posted inBusiness
Albertsons gives up on merger, sues Kroger for failing to secure deal
Albertsons – owner of 19 Shaw’s supermarkets in Maine – said a merger with Kroger would help them better compete with big retailers like Walmart, Costco and Amazon.
Posted inBusiness, Nation / World, Politics
Alex Jones keeps Infowars for now after judge rejects The Onion’s bid
Families of the Sandy Hook victims had backed The Onion’s bid.
Posted inBusiness, Maine, News
Maine got only one bid on its latest 10-year liquor contract
The state wouldn’t discuss the negotiations, but experts say that having a single bidder undermines competition and increases the need for transparency.
Posted inBusiness, Maine, Nation / World
Proposed merger of supermarket giants Kroger and Albertsons is halted by federal, state judges
Kroger and Albertsons – owner of 19 Shaw’s supermarkets in Maine – said a merger would help them better compete with big retailers like Walmart, Costco and Amazon.
Posted inBusiness, Franklin, Livermore Falls Advertiser, Maine
Rusty Lantern Market reopens in Livermore Falls after redevelopment
The market, which is open 24-hours daily reopened Wednesday, Dec. 4.