This is a news story, published by CNBC, that relates primarily to CFPB news.
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cashback optionsCNBC
•87% Informative
Three of the nation's largest retailers charge fees to customers who ask for "cash back" at check-out.
Such fees may disadvantage those in banking deserts, where they don't have easy access to cash for free.
Not all retailers charge cash-back fees, which can range from $ 0.50 to upwards of $ 3 per transaction, CFPB says.
Retail advocates say banks are to blame for cash-back fees.
Merchants must pay fees to banks whenever customers swipe a debit card or credit card for purchases.
The "vast majority" of retailers don't charge for cash back, and therefore take a financial loss to offer this service to customers for free.
VR Score
92
Informative language
94
Neutral language
56
Article tone
formal
Language
English
Language complexity
43
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
4
Affiliate links
no affiliate links