The FDIC and OCC propose new supervisory guidance for banks that offer direct deposit advance loans.
The United States Postal Service announced it will end Saturday mail delivery on Aug. 1. What will that mean for your finances?
A new bank centered on mobile devices looks to capture tech-savvy checking account customers.
Consumers admit financial woes were self-inflicted. Credit counseling service offers 12-step action plan for recovery.
Looking to spend less on Black Friday? A new study shows you shouldn’t bring your dirty dollar bills to the mall.
JPMorgan Chase became the latest bank to settle a nationwide suit concerning the infamous “courtesy” overdraft fees. From Jonathan Stempel of Reuters: JPMorgan Chase & Co has agreed to pay $110 million to settle consumer litigation accusing it of charging excessive overdraft fees. The largest U.S. bank by assets joined Bank of America Corp and
An Illinois teenager and his mother learned their lessons with bank fees the hard way. In a recent story in the Chicago Tribune, Jon Yates reported that 18-year-old Daniel Ganziano managed to rack up nearly $230 worth of fees in a matter of days at TCF Bank. The catch: he wasn’t even spending money. Here’s
Overdraft fees charged by major U.S. banks remained largely unchanged from 2010 to this year. But many banks tinkered with their overdraft policies in ways that might cost consumers more (or less) money if they incur an overdraft. The median bank overdraft fee was unchanged at $35 with initial fees ranging from $33 to $37. A
Millions of unemployed workers in 40 U.S. states now receive unemployment compensation in the form of a prepaid bank card, instead of a paper check. These cards can be convenient and less costly for people who don’t have a bank account, and they can save states money. But those benefits come with a dozen different
Remember when we thought giving Americans a choice about whether to enroll in their bank’s overdraft protection program would cut down on the amount of Americans’ money banks were able to siphon off? Six months after the “opt-in” rule went into effect for checking accounts, the opposite is happening. Suzanne Kapner of The Financial Times