Overdrafts Make Up 60% of Checking Account Fees
Overdraft fees now account for 60% of the fees people pay for their checking accounts, according to a statement made by Richard Cordray, director of the Consumer Financial Protection Bureau. What used...
View ArticleBank of America Creates Checking Account with No Overdraft Fees
Bank of America will begin testing a new checking account, known as Safe Balance, which is designed for customers who commonly overdraw their accounts. The account also appears to be set up to compete...
View ArticleLowCards.com Weekly Credit Card Update–September 26, 2014
Walmart Prepares to Offer Low-Cost Checking Accounts Here comes Wal-Bank. After years of thwarted efforts to break into banking, Walmart is making its biggest foray yet into everyday financial...
View ArticleWalmart to Offer Low-Cost Checking Accounts
Walmart is once again expanding its products and services. After years of rumors about entering the financial services area, Walmart will now offer a low-cost checking account. The mobile checking...
View ArticleLowCards.com Weekly Credit Card Update–May 15, 2015
Hackers Target Starbucks Mobile Users, Steal From Linked Credit Cards Without Knowing Account Number Credit card hackers are targeting Starbucks gift card and mobile payment users around the...
View ArticleBank Fees Continue to Rise
Bank fees are increasing and the number of free checking accounts is decreasing, according to Bankrate’s 18th annual checking survey. Monthly Fees Since peaking at 76% in 2009, the number of free...
View ArticleCFPB Asks Banks to Improve Checking Account Options
In an effort to help consumers get better access to checking accounts, the Consumer Financial Protection Bureau is encouraging banks and credit unions to offer lower risk checking accounts to their...
View ArticleChecking Account Fees on the Decline
Checking account fees are beginning to decline in America after several years on the rise, according to the latest MoneyRates Bank Fees Survey. The study found the average monthly maintenance fee in...
View ArticleCFPB Has Recovered $14 Million for Consumers in 2017
The Consumer Financial Protection Bureau released a report yesterday detailing the success of its investigative efforts. The Bureau has recovered a total of $14 million for consumers in the first half...
View ArticleCustomers Upset as Bank of America Ends Free Checking with eBanking
Bank of America has made a change to their checking account program and many of their consumers are outraged. The bank has officially ended its eBanking program, which offered free checking to...
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