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Bank Fees

The END Of Free Checking May Be Upon Us

latimes.com | Rick Rothacker | Posted 05.25.2011 | Business

The good news for bank customers this summer is that new federal rules should cut down on unexpected overdraft fees. The bad news is that banks are...

Bye Bye Big Banks ... We Want Choices

April Rudin | Posted 05.25.2011 | Business
April Rudin

Everyone should take a closer look and learn about more banking. Children should be educated from an early age to understand how saving money, lending money and commercial banks operate.

Banks Already Gearing Up To Pass Costs Of Financial Reform On To Customers

AP | STEVENSON JACOBS | Posted 05.25.2011 | Business

NEW YORK — Big banks facing big drops in revenue are looking to Main Street to make up the difference. Checking accounts, bank statements, even...

Using Education to Cope With a Complex Economy

Timothy Geithner | Posted 05.25.2011 | Politics
Timothy Geithner

Beyond financial reform, we must encourage all Americans -- especially our youth -- to cultivate adequate individual financial literacy to succeed in this increasingly complex, fast-moving economy.

Mike Konczal: What are you worth to your bank?

washingtonpost.com | Mike Konczal | Posted 05.25.2011 | Business

The Roosevelt Institute's Mike Konczal writes about trying to figure out how much a customer is worth to a commercial bank: "There's whatever you pay...

Jon Stewart Rips Banks For Credit Card Fees (VIDEO)

Jeff Muskus | Posted 05.25.2011 | Comedy

"The Daily Show" hammered big banks and credit card companies Tuesday night over exorbitant fees and other predatory lending practices. Jon Stewart de...

Banks Pressure Customers On Overdraft Fees

nytimes.com | ANDREW MARTIN and RON LIEBER | Posted 05.25.2011 | Business

For many households trying to improve their finances, tossing out pitches from the bank has become almost automatic. But in recent weeks, Chase has be...

Move Your Money and Save

Stacy Mitchell | Posted 05.25.2011 | Business
Stacy Mitchell

Big banks impose much higher costs on their customers than small banks and credit unions do. Moving our money could save us billions of dollars a year.

Big Bank Customers Move Their Money And Explain Why

Posted 05.25.2011 | Business

Americans fed up with the lack of financial reform and the behavior of big Wall Street banks are moving their money to smaller community banks and cre...

Feb. 22 Marks A Brand New Day for Banking

Patrice Peyret | Posted 05.25.2011 | Home
Patrice Peyret

On Feb. 22, new first of many new financial regulations to protect consumers takes effect. It's not a moment too soon. Banking, especially retail bank...

AIG Bonuses: Geithner Says Bank Fee Could Recover 'Outrageous' Payments

Posted 05.25.2011 | Business

After AIG announced its plans to pay $100 million in expedited bonuses this year, Treasury Secretary Tim Geithner criticized the payouts as "outrageo...

Citigroup 'Free' Checking Accounts: Citigroup Scraps Plan To Charge New Fees For 'Free' Checking Accounts

Reuters | Jonathan Stempel | Posted 05.25.2011 | Business

NEW YORK, Feb 1 (Reuters) - Citigroup Inc (C.N) has shelved plans to impose new fees on more than a million customers nationwide who took out "free ch...

Laura Bassett

Transaction Fee On Haiti Donation Leads College Student To Create Anti-Wachovia Facebook Page

HuffingtonPost.com | Laura Bassett | Posted 05.25.2011 | College

Several days after 21-year-old Heather Lynn used her Wachovia debit card to donate $10 to Yele Haiti's earthquake fund, she noticed on her online bill...

Lessons for Democrats After Coakley -- Stay on Offense

Mark Green | Posted 05.25.2011 | Politics
Mark Green

If Democrats can't hold Bush et. al. accountable for their economic failures and lose the populist argument to Fox-y Republicans, we don't deserve to govern.

Three Cheers For Move Your Money

Time | Justin Fox | Posted 05.25.2011 | Business

Dennis Santiago of Institutional Risk Analytics reports that in the first seven days of the joint IRA/Huffington Post/Roosevelt Institute Move Your Mo...

Laura Bassett

As Wallets Open For Haiti, Credit Card Companies Take A Big Cut

HuffingtonPost.com | Laura Bassett | Posted 05.25.2011 | Business

Update at 9:03 AM Friday: Visa, MasterCard, American Express and Discover have now all announced that they will waive fees for some donations related...

ATM, Checking Fees Are Skyrocketing

newsweek.com | Daniel Gross | Posted 05.25.2011 | Business

And how does the industry that has received so much largesse from taxpayers repay the public? By jacking up fees for basic services. According to Bank...

How to Save $11 Billion on Checking Account Fees in 2010

Patrice Peyret | Posted 11.17.2011 | Healthy Living
Patrice Peyret

If you're one of 51 million people in the U.S. between the ages of 18 and 29, you are unknowingly spending a collective $10 billion to $17 billion in checking account fees yearly.

Seeking A Bore

Harry Moroz | Posted 05.25.2011 | Business
Harry Moroz

Obama's proposed fee on bonuses for U.S. bankers allows the administration to boast a scalp from the financial sector even in the absence of real reform.

Millions In U.S. Do Their Banking Without Banks, According To FDIC Survey

NPR | Sam Sanders | Posted 05.25.2011 | Business

About 60 million adults do their banking at places other than banks, according to a new survey by the Federal Deposit Insurance Corporation....

Democrats Promise Changes For Bank Overdraft Fees

washingtonpost.com | Binyamin Appelbaum and Nancy Trejos | Posted 05.25.2011 | Business

A backlash is brewing on Capitol Hill against banks that charge large fees for overdrafts without asking or telling customers, the latest sign that th...

Overdraft Fees: U.S. Banks To Make $38 Billion

Yahoo! News | Mon Aug 10, 3:43 Am ET | Posted 05.25.2011 | Business

Banks in the United States are poised to make $38.5 billion in customer overdraft fees this year, the Financial Times said, citing research by Moebs S...

Banks Get Rich On Fees From 'Courtesy Overdrafts'

USA Today | Posted 05.25.2011 | Business

Even as regulators crack down on abusive mortgage and credit card practices, another type of lending threatens to mire consumers in a credit trap....

Bank Fees Rise As Lenders Try To Offset Losses

New York Times | ERIC DASH | Posted 05.25.2011 | Business

Bounced check: $32. Stop-payment: $30. A.T.M. charge: as high as $3. Even now, after all those bailouts, banks never seem to tire of dipping a litt...

Banks Raise Debit Card Fees

New York Post | catherine curan | Posted 05.25.2011 | Business

Just weeks after President Obama signed into law new rules clamping down on runaway credit card fees, banks are accelerating their push for plastic pr...