Banks must first look at how changing consumer payment preferences are impacting market dynamics
The main consumer watchdog focused on eliminating what they would call “junk fees” from banks
The bureau is collating research on key customer service metrics from large banks
Data revealed credit unions have “continued to perform well” so far this year
Follows December’s overdraft report from bureau which considered additional policy guidance
The association objected a bill proposed with the intention to increase credit union memberships
Recent data shows a dramatic increase in commercial real estate loans in the first half of 2021
Many incumbent US banks are not structured for a new digital shift boosting opportunity for fintechs
Platform will help gig workers and contractors access government Covid-19 support
Further easing is expected but banks warn of a deterioration in loan performance
