Banks Turn to Marketing Firms to Help Sell Overdraft Protection
Due to Lost Revenue, Banks Are Getting Desperate for Consumers to Opt-In. Banks such as Chase, Bank of America, and Wells Fargo have long made a killing charging customers overdraft fees, upwards of...
View ArticleBanks vs. Credit Unions
What makes a credit union different from a bank? If we asked you to take out your debit card right now and tell us what bank name is on it, we’d bet that it’s probably a big name bank like Bank of...
View ArticleLast Effort to Delay Debit Card Swipe Fee Legislation Fails
What is This Going to Mean for Consumers? In a last ditch effort, financial firms lobbied vigorously to delay reforms to debit card interchange fees, better known as swipe fees (note that this does not...
View ArticleBanks Cancel Plans for Debit Card Fees
Great news for consumers! How did it happen, and what’s next? In the recent past, many large banks floated the idea of charging a monthly fee on their debit card customers—sparking outrage from...
View ArticleSurcharges for Using a Credit Card?
It may soon be a reality A long battle between merchants and credit card issuers has resulted in a settlement in favor of the merchants. And while both of those parties will be directly affected, an...
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