Jan 12, 2022 | Banks & Credit Unions, News
Study Finds Younger Generations Paying More in Monthly Banking Fees than Older Generations A recent Bankrate survey found that Gen Z and millennial account holders pay on average more than three times as much in monthly bank fees than older generations. Checking...
Dec 22, 2021 | Banks & Credit Unions, News
Credit Card Applications Reach New Pandemic High According to data from the Federal Reserve Bank of New York, as of October 2021 nearly 27 percent of U.S. consumers applied for a credit card in the past 12 months, the highest level since 2019 and much higher than the...
Dec 15, 2021 | Banks & Credit Unions, News
Capital One Becomes Latest Bank to Eliminate Overdraft Fees Capital One Financial has announced it will be the latest bank getting rid of overdraft and non-sufficient funds (NSF) fees for all customers, joining a growing list of other financial institutions to do so....
Dec 8, 2021 | Banks & Credit Unions, Federal Regulation, News
Chopra Announces Enhanced Supervisory and Enforcement Scrutiny of Banks Heavily Dependent on Overdraft Fees In an effort to eradicate what he sees as illegal overdraft fee practices, Rohit Chopra, Director of the Consumer Financial Protection Bureau (CFPB), recently...
Nov 17, 2021 | Banks & Credit Unions, Congressional Legislation, News
More Than 20 Governors Urge Congress to Add Cannabis Banking to Defense Bill More than 20 governors signed a joint letter to members of Congress earlier this month, advocating for them to add cannabis banking legislation to the 2022 National Defense Authorization Act...
Nov 1, 2021 | Banks & Credit Unions, News
Bank Overdraft Fees Hit Record Highs During Pandemic A recent survey from Bankrate found that Non-Sufficient Funds (NSF, commonly known as overdraft) fees rose to their highest amount ever last year as Americans struggled to make ends meet during COVID-19. The average...
