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CFPB Estimates Elimination of Overdraft Fees Saved Consumers $3 Billion: They Want Even More

CFPB Estimates Elimination of Overdraft Fees Saved Consumers $3 Billion: They Want Even More

The main consumer watchdog focused on eliminating what they would call “junk fees” from banks
Consumer Financial Protection Bureau Investigating Overdraft Charges

Consumer Financial Protection Bureau Investigating Overdraft Charges

The bureau is collating research on key customer service metrics from large banks
Credit union loans experienced highest growth in first quarter of 2022

Credit union loans experienced highest growth in first quarter of 2022

Data revealed credit unions have “continued to perform well” so far this year
Banking Trade Group Urges CFPB to Further Study Overdraft Use

Banking Trade Group Urges CFPB to Further Study Overdraft Use

Follows December’s overdraft report from bureau which considered additional policy guidance
Plans to Expand Credit Union Authority Criticized by ABA

Plans to Expand Credit Union Authority Criticized by ABA

The association objected a bill proposed with the intention to increase credit union memberships
Commercial Loans Hit Record Levels for Community Banks

Commercial Loans Hit Record Levels for Community Banks

Recent data shows a dramatic increase in commercial real estate loans in the first half of 2021
Consumers Driving Post-Pandemic Banking Revolution

Consumers Driving Post-Pandemic Banking Revolution

Many incumbent US banks are not structured for a new digital shift boosting opportunity for fintechs
Blue Ridge Bank Launches PPP Platform for Self-Employed

Blue Ridge Bank Launches PPP Platform for Self-Employed

Platform will help gig workers and contractors access government Covid-19 support
Banks Eased Lending Standards on Personal Loans in Q4: Fed

Banks Eased Lending Standards on Personal Loans in Q4: Fed

Further easing is expected but banks warn of a deterioration in loan performance
Payments in 2021: What Lies Ahead after the Digital Boom

Payments in 2021: What Lies Ahead after the Digital Boom

It has been a year of momentous change for the payments industry
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