Banking Blog

Chase recently announced it will be lowering some of its bank fees.

A new study shows prepaid fees may be lower than checking account fees for certain consumers.

Despite big headlines in today’s newspapers, bank customers shouldn’t get stressed out over bank stress tests. If you’re not sure what I’m talking about, the Federal Reserve yesterday announced the results of a study to determine whether the country’s largest bank holding companies could survive a major recession if it happened today. Out of 19

Consumers need to be concerned about the safety and security of their financial transactions in today’s …

In conjunction with National Consumer Protection Week, the Federal Deposit Insurance Corp. has released a guide …

Thanks to the rise of debit cards and electronic payments, a lot of economists and tech writers have begun to advocate for a world without cash. But if one writer’s experience is any indication, it’s going to be awhile before that happens. Seth Stevenson, a writer for Slate, is trying an experiment: seeing if it’s

While many of us assume the main motivation behind every move in the banking industry is cost …

Wells Fargo plans to drop free checking in 6 more states, expanding the reach of a fee scheme the bank had been testing in western states that placed a $7 (or $5 with a month fee on the bank’s basic checking account; see update below). From Blake Ellis at CNNMoney: The $7 monthly service fee

It’s almost enough to make you feel sorry for the banks. Consumer advocates and government officials often extol the value of transparency and easy-to-understand disclosures when it comes to financial services. Here’s CFPB Director Richard Cordray in a January interview with Candice Choi of The Associated Press: On transparency and disclosure; a key insight here

Consumers today pay significantly higher bank fees than they did 10 years ago. That statement might seem obvious to many consumers. But now it’s a matter of statistical record as well, according to a new report, “The Cost of Regulation: The Necessity of Bank Fees,” from Javelin Strategy and Research, a financial institution consulting firm