Passbook Perks Won't Break Bank
New deregulation ends the 5.5 percent cap on passbook savings, yielding limited perks for savers. Industry leaders warn no major rate hikes, citing cost of funds and the passbook’s staying power. Citibank notes no changes planned though products are reviewed.
MENTIONED IN THIS ARTICLE
New York
Bob Schosberg
New York League of Savings Institutions
Schosberg
Stefanie Steel
Citibank NA
Citibank
Federal Reserve Board
Ms. Steel
Bank Rate Monitor
American Savings Bank of New York
House Panel Approves Driver License Fee Hike
The House Transportation Committee endorsed a bill to raise driver license fees to fund licensing operations. Auto operator fees jump from 6 to 8 dollars, truck and bus from 10 to 12, motorcycle permits from 3 to 5, and beginners permits from 0.50 to 2. The panel trimmed proposed increases amid debate on spending, shifting funds away from education programs and questioning use of drug and alcohol prevention money. State Revenue Secretary Duncan says higher fees are needed to maintain a self supporting licensing bureau.
MENTIONED IN THIS ARTICLE
Topeka
Kan
House Transportation Committee
State Revenue
Harley T. Duncan
House
Department of Revenue
State Department of Social and Rehabilitation Services
Herman Dillon
Kansas City
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