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Credit Unions
Latest Headlines
Latest Headlines
More banks, credit unions enter payday loan market
The need for revenue drivers to offset the effect of Reg E changes and the Durbin Amendment has been acute the past year.
Survey: More retail customers switched from big banks
Bank of America's attempt to impose a debit card fee on retail consumers last year was nothing short of disastrous. It ended up sparking a grass-roots movement leading peopel to switch from large and medium-size banks to credit unions and community banks.
Future of the big two GSEs
The government appears bent on sticking to its previously announced schedule for reforming the housing market mortgage finance machinery, which calls for the end of Fannie Mae and Freddie Mac in their current form.
Bank of America: Small customers don't contribute to bottom line
There was a day when Bank of America prided itself on being a massive consumer bank. It truly was the bank of America. But CEO Brian Moynihan was pretty frank at a recent conference about something
Banks ratchet up consumer fees
The debit card fee fiasco at Bank of America has only intensified the pressure to generate more fee revenue, to offset the effects of the Durbin Amendment and other reform measures. We're already
Too little too late for BofA?
We suggested recently that Bank Transfer Day--a brainchild of people protesting Bank of America's $5 debit card fee--looms as an important litmus test of just how willing consumers are to transfer
Credit unions in tough spot on debit card fees
We've noted before that credit unions and community banks are licking their chops over the marketing opportunity presented by Bank of America's new debit card fee. Some are even running edgy TV
Will Bank of America experience a "Netflix" moment?
We've noticed a lot of media outlets reporting that customers of big banks are moving their accounts to institutions perceived as more fee friendly. Some have suggested that a "Netflix moment" is at
Bank Transfer Day could see populist groundswell
The Occupy Wall Street movement started small but eventually captured the public imagination. Are we in for the same story with Bank Transfer Day? The idea originated with an art dealer in Los
Durbin Amendment winners, losers
The new lower interchange fees are scheduled to go into effect Oct. 1, and in the final days of the old order, we are seeing some interesting moves. Bank of America generated big headlines for its
