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CFPB Says Customers ‘Surprised’ By Bank Fees

CFPB Says Customers ‘Surprised’ By Bank Fees

In response, the ABA highlights that fees are being eliminated and most customers are satisfied with their bank
Banks Hit Back at Credit Card Fee Changes

Banks Hit Back at Credit Card Fee Changes

The ABA and ICBA have criticized plans to limit late fees on credit cards, which the CFPB believes will slash costs to consumers by $9 billion
Summary of Recent FDIC Guidance on Multiple Re-Presentment NSF Fees

Summary of Recent FDIC Guidance on Multiple Re-Presentment NSF Fees

A topic that has generated questions from a number of financial institutions
2022 and Regulatory Scrutiny of Overdraft Fees

2022 and Regulatory Scrutiny of Overdraft Fees

Overdraft fees, nonsufficient funds (NSF) fees, and similar fees are under increased regulatory scrutiny
Ally Financial Cuts All Overdraft Fees

Ally Financial Cuts All Overdraft Fees

The $182 billion bank has removed the charges for all of its 2.3 million customers
Banks Step Up as Hurricane Laura Hits Southern States

Banks Step Up as Hurricane Laura Hits Southern States

Regions Bank waives fees and offers other relief while American Express donates to the American Red Cross
Credit Card Volumes Fell as Pandemic Hit: ABA Data

Credit Card Volumes Fell as Pandemic Hit: ABA Data

Spending fell as the economy closed at the end of Q1 2020 and consumers sought to be “diligent” with debts
Bank Share Prices Suffer Despite Resilient Balance Sheets

Bank Share Prices Suffer Despite Resilient Balance Sheets

Investors have shied away from bank stocks despite multiple stress tests showing the sector to be performing well amid the pandemic
As Zero Commission Trading Apps Grow Up, So Must their Users, Signaling Opportunity for Legacy Brokers

As Zero Commission Trading Apps Grow Up, So Must their Users, Signaling Opportunity for Legacy Brokers

Innovators can only give things away for a limited period of time before their funders demand to see profitability
Implications of Future Rate Changes for Cash Management Services

Implications of Future Rate Changes for Cash Management Services

Fed more recently announced that it would hold interest rates steady for the foreseeable future
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