Banking Blog

Imagine if each of your friends on Facebook and followers on Twitter played a role in your banking experience. By the middle of this year, a new type of bank hopes to make that a reality. MovenBank, a new type of institution set to launch in mid-2012, wants to change the way you pay for

I’ve been writing a lot about prepaid debit cards recently, much of it critical, echoing some of the same issues many in the financial press have with prepaid cards, including relatively high fees, limited features and a lack of meaningful savings accounts. But I do believe prepaid cards represent both an increasingly popular alternative to

Financial scammers who repeatedly victimize active-duty U.S. military personnel, veterans and their families are the target of a new database being developed by four government agencies. The Repeat Offenders Against Military database, known as “ROAM,” will track completed enforcement actions against companies and individuals who repeatedly scam military personnel, according to the Consumer Financial Protection

It looks like a high school in Naples, Fla., is taking a really cool approach to teaching job skills and personal finance savvy to students: opening an in-school credit union branch. From the Naples Daily News: Math teacher Nancy DeFurio asked Suncoast to start a Naples student branch after seeing something similar in New York.

Valentine’s Day is supposed to be about romance. But for some sad lonely hearts, the holiday turns out to be a financial scam, rather than true love. Indeed, social media and online dating frauds are so widespread that the national Better Business Bureau included the category in its list of the Top Ten Financial Scams

We may be finally coming to the end of the instability that wracked the American banking system. As my colleague David McMillan blogged earlier this month, the FDIC’s numbers for bank failures were way down in 2011. On top of that, last month, the FDIC’s board cut the 2012 operating budget for the organization by

If you’re deciding between between banks and credit unions for your money management, here’s a stat from Wisconsin that may sway your decision to the nonprofit side: The average household saves $164 annually by using a credit union. In a report titled “REAL Solutions Scorecard for Wisconsin Credit Unions,” the Wisconsin Credit Union League analyzed

How bad was the debit card “fee-asco” for banks? It depends on who you ask. In November, the Credit Union National Association released a statement that they their member credit unions had picked up 650,000 new members between Sept. 29 and Nov. 2. A few weeks later, though, they had to revise their figures down

As the banking industry works to determine how to increase profits, it appears the answer may lie in an obvious place: the Internet. In a new survey of more than 3,000 consumers around the world, the majority of account holders indicated they are are willing to pay around $15 each month for digital banking services.

Anyone who still thinks big U.S. banks are hurting financially might want to take a look at the latest earnings reports from the biggest of the super bigs. Although the income wasn’t all that equal, even the smallest pie was more than $1 billion. Here, with numbers and comments, from the banks’ press statements is