Banking Blog

Monday, December 20, 2010 9:30 am
By Marcie Geffner · Bankrate.com

“December the 7th, 2010. Let’s withdraw our money!” That’s the proclamation that was bannered across the Bankrun2010 website and called the world’s citizens to remove their money from banks earlier this month. The campaign hasn’t been all that successful, and the idea certainly may seem more likely to cause harm than good. But the fact that even a

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Friday, December 17, 2010 11:28 am
By Claes Bell, CFA · Bankrate.com

Since the implementation of the Federal Reserve’s Regulation E in August 2010, banks have been forced to get customers’ permission to sign them up for overdraft services. Well, according to a new study by the research firm Corporate Insight, banks are still figuring out how to sell checking account overdraft services now that they can no

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Wednesday, December 15, 2010 9:30 am
By Marcie Geffner · Bankrate.com

Credit cards and mortgages. Those two consumer financial products are in the sights of Elizabeth Warren. She’s an assistant to President Barack Obama and special adviser to the secretary of the Treasury on the Consumer Financial Protection Bureau. Credit cards and mortgages made the top of Warren’s list because they are, respectively, “the most widely

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Thursday, December 9, 2010 8:00 am
By Claes Bell, CFA · Bankrate.com

If you bank at a small bank or credit union, you’re probably a happier and more loyal customer, at least according to a study published this month by Prime Performance. The study found 87 percent of credit union customers and 86 percent of small bank customers (banks less than 300 branches) were satisfied with the

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Wednesday, December 8, 2010 9:30 am
By Marcie Geffner · Bankrate.com

Consumers are feeling the pinch of a weak economy, but banks and thrifts are doing okay, judging by recent statements from the National Foundation for Consumer Counseling, or NFCC, the Federal Deposit Insurance Corp., or FDIC, and the federal Office of Thrift Supervision, or OTS. First, the consumers. A recent NFCC poll found that 91 percent of

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Monday, December 6, 2010 3:17 pm
By Marcie Geffner · Bankrate.com

The federal Dodd-Frank Wall Street Reform and Consumer Protection Act is so complicated that the American Bankers Association, or ABA, has created a separate website, the ABA Dodd-Frank Tracker, for the exclusive purpose of tracking the implementation of the act’s numerous components and archiving the group’s involvement in what promises to be a long process.

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Thursday, December 2, 2010 5:32 pm
By Claes Bell, CFA · Bankrate.com

Good news for tech-savvy checking account holders on the go: More banks are offering mobile banking services than ever before. A recent report by market research firm First Annapolis found that 54 percent of the top 100 financial institutions in the country surveyed offered some form of mobile banking. Nearly 40 percent now offer banking

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Wednesday, December 1, 2010 9:30 am
By Marcie Geffner · Bankrate.com

Banks are raising fees and doing away with free checking accounts, according to Bankrate.com’s 2010 Checking Study, an annual survey of banks’ checking account offerings. In case you missed the study when it was published back in October, here’s what you should absolutely know about current trends in banking: • Free checking. Sixty-five percent of

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Monday, November 29, 2010 9:40 am
By Marcie Geffner · Bankrate.com

Consumers readying themselves for holiday expenses have spoken, and they’ve declared a strong preference for cash and debit cards, rather than credit cards or layaway programs this year. That’s according to a new online poll of 4,800 people by the National Foundation for Credit Counseling, or NFCC, in Silver Spring, Md. The poll found that

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Thursday, November 25, 2010 8:00 am
By Claes Bell, CFA · Bankrate.com

The FDIC’s 3rd quarter earnings report showed bank profits are up and the banking industry is on more secure footing than last year. One small problem, though: the FDIC’s list of banks at risk of failure has grown from 829 in the second quarter to 860 in the third quarter, the highest level since the

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