Bank fees, Apple fees and shipping fees

Many of the nation’s biggest banks have now reported their fourth quarter results, and they’ve been mixed. One way banks have tried to boost their bottom lines is through fees, including overdraft fees. But a new Biden administration rule announced Wednesday morning would dramatically reduce those fees — saving consumers billions of dollars a year.

If you have an app on Apple’s App Store, you gotta use Apple’s payment system, from which it takes a hefty commission: 30%. That has been a big part of a long running legal battle between Apple and Epic games, the maker of Fortnite; Epic has argued Apple is being monopolistic. David Nieborg, a professor at the University of Toronto, explains.