The lessons from this event underscore some of the rules of business today -- rules that echo basic tenets of trust and good, old-fashioned customer service. Simply put, customer relationships do not begin and end at the transaction.
What are some of the other advantages of credit unions? People before profits. At credit unions, members are owners and have a say in how it is operated. The "profits" go to members in the form of lower fees and better rates.
With consumers expressing confusion over their banks' fee structures and banks ordering transactions in such a way as to maximize their collection of such fees, people continue to get hit with the mother of all fees.
As students head back to school, over 9 million are at risk for increased educational debt, due to bank-affiliated campus debit cards that come with high fees, insufficient consumer protections, and few options.
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.