Banking Blog

Thursday, June 2, 2011 11:48 am
By Claes Bell, CFA · Bankrate.com

A survey published last week by American Banker seems to show U.S. banks are starting to recover from the PR disaster that was the financial crisis of 2008 and 2009. Perhaps unsurprisingly, the biggest banks that got the lion’s share of the bad press during that period still lag smaller regional and national banks when

» Read more
Tags: Banking, banks
Tuesday, May 31, 2011 3:02 pm
By Claes Bell, CFA · Bankrate.com

Should consumer complaints against banks be published online the same way complaints against vacuum cleaners and hair curlers are now? That’s a question the Consumer Financial Protection Bureau will decide as it inches toward going fully operational July 21. A coalition of consumer groups is pushing for a searchable online database of consumer complaints against

» Read more
Thursday, May 26, 2011 7:00 am
By Claes Bell, CFA · Bankrate.com

A furious battle over how much banks can charge merchants for processing debit card transactions is raging on Capitol Hill right now. The National Retail Federation has just announced a multimillion-dollar lobbying and advertising effort to ensure it gets its way. Giant corporations with billions of dollars on the line are pouring massive amounts of

» Read more
Tuesday, May 24, 2011 7:00 am
By Claes Bell, CFA · Bankrate.com

I’m always a little surprised by how passionately people hate banks’ ATM fees. Sure, they’re annoying, but they’re far from the sometimes financially devastating penalties that can come from overdrawing your checking account, for example. But as you may have heard, some people are taking their ATM-fee hatred to a whole new level. From a

» Read more
Monday, May 23, 2011 3:10 pm
By Martha C. White · Bankrate.com

Proponents and opponents of the Federal Reserve’s proposed interchange fee cap of 12 cents per debit card transaction are digging in their heels. The National Retail Federation is pushing for the limit to become law; financial institutions and their trade associations are lobbying for a higher cap or no cap at all. An interchange fee

» Read more
Thursday, May 19, 2011 4:02 pm
By Claes Bell, CFA · Bankrate.com

Would it be a big deal to you if your bank suddenly decided to not send you any more paper checks? With more payments being done via credit cards, debit cards or over the Web every year, it’s not unreasonable to wonder what the endgame is for paper checks. After all, I find it hard

» Read more
Tuesday, May 17, 2011 3:09 pm
By Claes Bell, CFA · Bankrate.com

With bonuses at the nation’s biggest banks starting to recover some of their former splendor, it might be tempting to think the aftereffects of the financial crisis are fading for many of the very institutions and individuals who helped create the crisis. But a survey of consumer sentiment from Corporate Executive Board Co. finds U.S. consumers

» Read more
Friday, May 13, 2011 10:02 am
By Claes Bell, CFA · Bankrate.com

Debit card fraud at Michaels is putting customers’ bank accounts at risk. Craft store Michaels sent out letters to customers last week letting them know that the PIN pads at some of its Chicago stores were modified by thieves to record and transmit customers’ debit card information. From the letter: Michaels Stores, Inc. has learned

» Read more
Thursday, May 12, 2011 1:32 pm
By Claes Bell, CFA · Bankrate.com

Sheila Bair is leaving the FDIC. From the FDIC press release: Chairman Sheila C. Bair’s official departure will be effective July 8, 2011. Consistent with previous public statements, Chairman Bair has announced her intention to depart the agency following the expiration of her term as chairman. The FDIC will hold a board meeting during the

» Read more
Tags: Banking, FDIC
Thursday, May 5, 2011 3:44 pm
By Claes Bell, CFA · Bankrate.com

Andrew Johnson at American Banker informs us that JPMorgan Chase has ended its somewhat controversial testing of higher ATM fees for noncustomers in Texas and Illinois: The trial concluded at the end of March, said the spokesman, who declined to give a reason or say whether JPMorgan Chase is looking at testing higher ATM fees

» Read more
Page 93 of 103« First...102030...9192939495...100...Last »