Banking Blog

Friday, December 9, 2011 10:00 am
By David McMillin · Bankrate.com

It turns out that big banks aren’t losing quite as many account holders as expected. In its quarterly update, the National Credit Union Administration announced the nation’s nonprofit financial institutions added around 450,000 new members throughout the third quarter of 2011. Those numbers are impressive, but they are vastly different than numbers originally reported by

» Read more
Friday, December 9, 2011 8:00 am
By Claes Bell · Bankrate.com

Banks are fond of saying they have to raise fees to make checking profitable. But could cutting costs be a better option? If you’ve been watching President Barack Obama’s speeches lately, you’ll know he has often used the example of ATMs replacing human bank tellers to illustrate how increasing automation has permanently reduced employment in

» Read more
Thursday, December 8, 2011 1:09 pm
By Claes Bell · Bankrate.com

Banks and nonbank financial providers can breath a little easier, at least for the time being. Today Senate Republicans blocked a vote to confirm former Ohio Attorney General Richard Cordray to lead the Consumer Financial Protection Bureau, citing Democrat’s unwillingness to restructure the agency. Republican leaders are looking to limit the power of the CFPB,

» Read more
Thursday, December 8, 2011 9:00 am
By Claes Bell · Bankrate.com

Would you pay for a simpler banking experience? A recent survey by branding firm Siegel+Gale finds that some U.S. consumers are willing to do just that: U.S. consumers would pay the retail banking industry an additional $1.4 billion each year for more simplified interactions and experiences. That willingness may stem in part from how complicated

» Read more
Wednesday, December 7, 2011 12:30 pm
By Marcie Geffner · Bankrate.com

The Consumer Financial Protection Bureau, or CFPB, plans to streamline a number of regulations it “inherited” as part of its inception from seven other agencies. And it’s asking the public for advice on how to tackle the job. Raj Date, special adviser to the Treasury on the CFPB, said in a statement the goal is

» Read more
Wednesday, December 7, 2011 10:52 am
By Claes Bell · Bankrate.com

It looks like banks are still struggling to figure out how to make checking accounts profitable in the wake of the Durbin amendment and other new regulations. Via Andrew Dunn at the Charlotte Observer, Wells Fargo chief executive John Stumpf was asked how his bank is adapting to the new regulatory landscape at an annual

» Read more
Tuesday, December 6, 2011 3:45 pm
By Claes Bell · Bankrate.com

How well does your bank protect you from ID theft? A better question might be, what does your bank do to help you protect yourself? Javelin examined that question in a report released today, in which researchers looked at the tools the nation’s biggest banks give their customers to fight ID fraud, scoring them according

» Read more
Monday, December 5, 2011 9:30 am
By Marcie Geffner · Bankrate.com

Parents looking for smart ways to educate their children about holiday shopping can turn to some new tips from Wells Fargo bank. The tips aim to help parents and grandparents prepare their children for the holiday-shopping season and teach them good financial habits before they start shopping themselves. Here’s the list. Make a budget. Review your

» Read more
Saturday, December 3, 2011 12:30 pm
By David McMillin · Bankrate.com

As banks work to deliver new tools for account holders, a survey shows that the future of mobile banking may be bigger than a smartphone. In a survey conducted by Oracle Communications, more than 3,000 mobile users indicated there is a very bright future for tablet computers. The majority of people have jumped on the

» Read more
Friday, December 2, 2011 5:13 pm
By David McMillin · Bankrate.com

It looks like consumers aren’t the only ones downgrading their opinions of big banks. After revising its criteria for assigning credit ratings to financial institutions, Standard & Poor’s released a new round of ratings that includes some bad news for a few of the biggest members of the banking industry. Bank of America, Citigroup, Wells

» Read more
Page 71 of 99« First...102030...6970717273...8090...Last »