Banking Blog

Tuesday, October 18, 2011 12:05 pm
By Greg McBride, CFA · Bankrate.com

I’m a frequent guest on the Tony Conley Show on WILS-AM in Lansing, Mich. Last week, Tony and I talked about Bankrate’s 2011 Debit Card Rewards Study. Here are some highlights from that conversation. Tony: Debit card rewards offers fell 30 percent over the last year, according to a Bankrate.com study. Man, that’s a lot! 

» Read more
Monday, October 17, 2011 7:50 am
By Marcie Geffner · Bankrate.com

The U.S. Senate Banking Committee has voted to approve the nomination of Richard Cordray to be the first director of the Consumer Financial Protection Bureau, or CFPB. The nomination now heads to the full Senate, where Republican lawmakers have pledged to block it unless the new federal agency’s power is reduced. Here are some snippets

» Read more
Sunday, October 16, 2011 12:30 pm
By David McMillin · Bankrate.com

In another case of the discussion of new bank fees climbing up Capitol Hill, some lawmakers suspect recent fee hikes may be a violation of federal anti-trust laws. U.S. Rep. Peter Welch (D-Vt.) wrote a letter to the Attorney General’s office Thursday to ask for an investigation into the new fees and the possibility banks

» Read more
Saturday, October 15, 2011 12:30 pm
By David McMillin · Bankrate.com

Community banks may be struggling to keep up with another side of the banking industry: credit unions. Earlier this week in testimony before Congress, Sal Marranca, Independent Community Bankers of America chairman, made the case for repealing the tax exemption status that federal credit unions currently enjoy. From the chairman’s testimony: The current tax exemption

» Read more
Friday, October 14, 2011 1:40 pm
By Greg McBride, CFA · Bankrate.com

Lots of consumers are fighting mad about rising bank fees. Here are some ways to fight back: If you don’t want to pay to use a debit card, you can resort to other methods of payment such as cash, checks or even your credit card. A lot of credit card rewards programs are far more

» Read more
Friday, October 14, 2011 12:30 pm
By Marcie Geffner · Bankrate.com

A Bank of America executive has responded to a woman who started an online petition to protest the bank’s new debit card fee. Andrew Plepler, who has the long double-barreled title of global corporate social responsibility executive and consumer policy executive at Bank of America, earlier this week called Molly Katchpole, a 22-year-old Bank of

» Read more
Thursday, October 13, 2011 2:48 pm
By Marcie Geffner · Bankrate.com

Will big banks’ losses be community banks’ and credit unions’ gains? That’s the presumptive winners’ hoped-for outcome as consumers supposedly take up in arms over new bank fees for debit card use. The Credit Union National Association, or CUNA, a trade group that represents credit unions, said in an Oct. 7 statement that consumers who

» Read more
Thursday, October 13, 2011 2:24 pm
By Claes Bell, CFA · Bankrate.com

In the furor over new checking account fees that’s been dominating banking news, a fairly significant development in the implementation of the Dodd-Frank financial reform law has been drowned out. This week we got details about how a key provision in Dodd-Frank, known as the Volcker Rule, will actually work in practice. The rule is

» Read more
Wednesday, October 12, 2011 4:53 pm
By Patrick Van Horn · Bankrate.com

In what is becoming almost a common occurrence, the European Union, or EU – led by France and Germany – held an emergency meeting this weekend to address the weak financial situation of the European banks. Markets are responding positively, with European and U.S. stock markets up more than 2 percent Monday. But is this an overly optimistic reaction

» Read more
Tuesday, October 11, 2011 12:21 pm
By Claes Bell, CFA · Bankrate.com

Credit unions aren’t wasting any time exploiting the national mood over new checking fees to drive up membership. Last week the Credit Union National Association, an industry trade group, put out a press release touting credit unions’ free checking offerings. From the release: “We want consumers to know they can fight back against big banks

» Read more
Page 81 of 103« First...102030...7980818283...90100...Last »