Big box retailer Walmart is taking on big bank retailers like Chase to nab a profitable demographic: low-income customers who are likely to incur tran...
Many were inconvenienced, but few customers, if any, reported serious financial harm after last week's cyber attacks that hit at least six major banks...
NEW YORK -- Prepaid cards have been touted as way to not overspend. Yet some prepaid cards are designed to let you do exactly that -- spend more money...
Short-lived and high-priced. Such is the life cycle of a prepaid card. Consumers only use a card for six months on average before moving on to anot...
The average customer has more to lose than to gain from the high-stakes world of bank investing. That's why rules to separate such speculative activity from traditional banking operations would benefit customers who depend on bread-and-butter products like checking and savings accounts.
Increasingly shut out of traditional bank accounts, more Americans are turning to prepaid debit cards often notorious for their high fees. Prepaid ...
Credit unions are booming as big banks take increasingly desperate measures to make money off of consumers. Membership in credit unions more than ...
Bank of America can lift at least $140 in fees off a customer in one day if he or she doesn't have enough money in the bank. That is the high cost...
Capital One said it won't change a thing for customers at much-beloved ING Direct, responding to consumer groups worried that its acquisition of the o...
Don't like keeping all of your money stuffed underneath the mattress? That could cost you a pretty penny. Banks collected $29.5 billion in overdra...
Do banks need your money? Bank of America revealed yesterday that the number of customers closing their accounts spiked last quarter, but official...
Will customers be treated to higher deposit or higher fees? Or will a wild card such as technology dominate banking news in 2012?
The era of the debit card fee may have come and gone, but plenty of bank charges remain. Indeed, with all the talk of debit fees, it's easy to for...
NEW YORK -- After an intense public backlash, Bank of America and other banks have backed off charging monthly debit card fees. It's a victory for an...
As a consumer you have the right to look for free checking accounts, and the highest interest rates on CDs, savings accounts and money market accounts. Don't limit your choices to credit unions.
The torrential pace of bank failures in 2009 and 2010 has eased, but in the first three quarters of 2011 the downpour has still been enough to give the banking system a pretty good soaking.
According to SNL Financial, JP Morgan has just beaten out Bank of America as the largest U.S. bank in terms of assets. That means Bank of America's strategy is working out just as they planned.
At a time when the free checking account is practically an endangered species, having special access to free checking is a valuable benefit.
NEW YORK -- Wells Fargo plans to test a $3 monthly fee for its debit cards starting this fall. The San Francisco-based bank said the fee will be appl...
JPMorgan Chase (JPM, Fortune 500) said Monday it has finished testing $4 and $5 ATM fees for non-customers in two states, and it is now going back to ...
Even though the banking sector is getting healthier, there were still 157 bank failures in 2010. Here are seven signs to watch out for if you think your bank is in trouble.
Bank of America has agreed to pay $410 million to settle a federal lawsuit alleging the bank charged excessive overdraft fees. The suit is one of s...
You may very well find some unpleasant new fee in a banking statement this year. But it will have nothing to do with new consumer protections, regardless of what CNBC anchors tell you.
Rather than treat the unbanked and underbanked as second class citizens, the prepaid card industry is listening to their needs.
Wells Fargo & Co., the U.S. bank with the largest branch network, eliminated free checking accounts for new customers as firms prepare for stricter co...
