How Banks’ Fee Bonanza Dries Up

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Changes in rules and customer behaviors are squeezing what was for decades a key source of revenue

[By Dr. Carey via FDIC]

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fees

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Assessment

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Conclusion

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6 Responses

  1. Virtual Commercial Banks

    Did you know that some commercial banks do not have any physical branches and require consumers to complete all transactions by phone or Internet?

    In exchange, they generally pay higher interest rates on investments and deposits, and charge lower fees.

    Hope Rachel Hetico RN MHA

    Like

  2. Giving Up Those Fees?

    U.S. Bank is refunding about $48 million in the latest federal settlement by a major bank over improper billing for extra credit card products that customers didn’t receive.

    http://money.msn.com/business-news/article.aspx?feed=AP&date=20140925&id=17963222

    Shilo

    Like

  3. Bank Fees

    And yet … some banks are reaping bigger fees whenever customers overdraw their checking accounts or use ATMs that are not affiliated with their lender, a new survey shows.

    http://money.msn.com/business-news/article.aspx?feed=AP&date=20140929&id=17967496

    Rowan

    Like

  4. The Big Bank Backlash Begins

    According to J Eisinger, former regulators hired to represent the nation’s leading banks assert the government is being way too tough on their clients.

    http://www.propublica.org/thetrade/item/the-big-bank-backlash-begins?utm_source=et&utm_medium=email&utm_campaign=dailynewsletter

    What do you think?

    Ivan

    Like

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