iStockAnalyst (press release) |
Regulation Expands, And Free Checking Recedes
iStockAnalyst (press release) As the Consumer Financial Protection Bureau continues to squander tens of millions of dollars on the monument it’s building to itself, the people the CFPB is most supposed to protect, unsophisticated consumers, keep getting the shaft thanks to the … |
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Increasing Number of Banks Charge Fees on Checking Accounts
Moneynews More and more banks are implementing fees on checking accounts, as they search for new sources of revenue. About 41 percent of U.S. financial institutions didn’t offer unconditional, free checking accounts as of January, up 8 percentage points from a … |
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Free checking accounts weren’t making banks money. Go figure.
Marketplace.org Free checking used to be almost ubiquitous at American banks. But those days are over. In 2009, more than 80 percent of banks offered free checking. Now, it’s down to around 60 percent, according to economist Michael Moebs, who runs a research firm … |
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Free Checking Accounts Are Vanishing And Consumers Are Letting It Happen
The Consumerist U.S. consumers and businesses currently have $1.4 trillion stashed away in checking accounts and banks and credit unions around the country. That’s more than ever before, and most of that cash is being held in accounts that earn absolutely no interest. |
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WSJ Exclusive: Free Checking Is Fading Away
Wall Street Journal More lenders are introducing fees on checking accounts, just as consumers and business are pouring record amounts into the most basic of banking services. MarketWatch’s AnnaMaria Andriotis discusses why on News Hub. Photo: Getty. Up Next … |