Bank of America to Pay $410 Million for Overdraft Practices
Remember transaction sorting? Banks preventing consumers from opting out of overdraft protection? Thought the new consumer protection laws had outlawed these practices and made them obsolete? Sure...
View ArticleConsumers Union Wants to Know: Are New Banking Fees Justified?
Do banks really need to tack on new debit card and checking account fees to provide us with services, or is Dodd-Frank just serving as a convenient excuse to increase profits?The post Consumers Union...
View ArticleGovt Agency Wants Your Complaints About Bank Accounts, Student Loans
The Consumer Financial Protection Bureau (CFPB) has announced that it will start to take complaints about checking and savings accounts, as well as federal and private student loans.The post Govt...
View ArticleDo More Consumers Deserve Checking Accounts?
While some consumers’ credit histories may warrant such a decision, the CFPB suspects many are being unfairly denied checking accounts.The post Do More Consumers Deserve Checking Accounts? appeared...
View ArticleHow Do Your Checking Account Fees Compare to Average?
No surprise, checking account fees are on the rise. Here’s a breakdown of a MoneyRates survey of monthly maintenance fees, ATM fees, and overdraft fees. How do your checking account fees compare? The...
View ArticleCash-Strapped? Your Checking Account Could Be Costing You More Than $500 a Year
If you’re cash strapped, you know what a strain it can put on your checking account. But do you know how much checking account fees are really costing you? WalletHub did the math and the damage it’s...
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