Jan 23, 2023 | Banks & Credit Unions, News
More Than a Quarter of Checking Account Holders Paying Fees Every Month A new Bankrate study found that 27 percent of U.S. adults, or 57 million people, currently pay monthly fees for their checking accounts, such as routine service charges, ATM fees, and overdraft...
Dec 30, 2022 | Banks & Credit Unions, FinTech, News
Survey: Most Americans Think Crypto and Fintech Companies Aren’t Held to Same Regulatory Standards as Banks A recent Consumer Bankers Association (CBA) survey found that nearly 90 percent of Americans are concerned that crypto and fintech companies are not held...
Nov 30, 2022 | Banks & Credit Unions, News
Wells Fargo Launches Small Dollar Loan, Offering Customers $250 or $500 for Flat Fee Wells Fargo recently launched a new financial product, called Flex Loan, which is marketed as a small dollar loan to help customers meet short-term cash needs. The loan is available...
Nov 21, 2022 | Banks & Credit Unions, News
Banks Tightening Underwriting Standards, Making it More Difficult for Consumers and Businesses to Access Credit The Federal Reserve recently released a survey of banks’ senior loan officers which found that lenders made it more difficult for consumers and businesses...
Nov 14, 2022 | Banks & Credit Unions, News
Credit Card Debt Back to Pre-Pandemic Levels In September, total credit card balances in the U.S. jumped to $916 billion, which is almost identical to where it was before the pandemic, according to credit-reporting firm Equifax. Balances rose 9 percent from January,...
Oct 28, 2022 | Banks & Credit Unions, Federal Regulation, News
FDIC Releases 2021 National Survey of Unbanked and Underbanked Households Results, Finding that Number of Banked Households Rose to Nearly 96 Percent Earlier this week, the Federal Deposit Insurance Corporation (FDIC) released the results of its 2021 National Survey...
