It's not that I'm some sort of reckless spender who blows money on ridiculous things like cab rides or vegetables. I just have one indefensible and enormously bad habit and I have a hard time admitting it even to myself: I rack up ATM fees like a complete moron.
Our workers have suffered mightily in the last few years. The $7.25 minimum wage hasn't been raised since 2009. And thanks to the latest corporate cheap trick, even that paltry sum has been further eroded.
Nearly any way you slice it, checking accounts became a little more expensive in the first half of 2012. However, the results also indicate that consumers still have several options for combating these costs.
Even if you are too old to go trick-or-treating, you may find yourself holding a mixed bag this Halloween at your bank. Banks play their share of tricks on customers, but they also hand out some treats.
It's My Money. We're not talking about credit cards where I pay you to lend me some quick cash. These are automatic deductions from an account into which I have already placed ample coin of the realm. MY MONEY!
While you may still be happy with your checking account and may not have incurred additional fees as result of the Durbin Amendment, it's still important to be aware of major industry trends such as these.
As the big banks shrink in assets by their own choices, average Americans can help them shrink to a size where they're no longer Too-Big-To-Fail. Because somewhere ahead is a tipping point, where they become Small Enough To Fail.