Citi Axes Overdraft Fees, Other Banks May Follow
Citigroup is the latest – and the largest – bank to eliminate overdraft fees. Citi said yesterday it would eliminate the $34 overdraft charge this summer. Citi joins Ally Financial …
Feds Target ‘Junk’ Bank Fees
Overdraft fees, resort fees, service fees and other ill-defined charges are in the sights of the Consumer Financial Protection Bureau (CFPB). It’s putting together a set of rules aimed at …
Banks Rethinking Overdraft Fees
Capital One Bank has set off a new chapter in the continuing squabble over overdraft fees, the expensive and highly profitable fees banks charge when customers’ accounts dip below zero. …
Post Office Banking: It’s Not Just About the Money
Would you open a bank at the post office? The issue is on the congressional agenda, following the proposed Postal Banking Act that would establish permanent essential financial services in …
Postal Banking Getting a Trial Run
With little fanfare, the Postal Service is trying an experiment that could be a life-changer for low-income Americans without a bank account. At selected post offices, consumers can cash their …