All Posts Tagged With: "banking"

Bank of America ((NYSE: BAC) has brought to an end the overdraft fees associated with debit card purchases. This decision can end up costing the bank tens of millions in revenue each year but it would also force the hand of other banks to do the same, which is good news for consumers.
In the past, [...]

Americans are scaling back on their credit card application and usage since the credit crisis of the last few years. More consumers are switching over to debit cards, trying to maintain a cash-only existence. It is estimated that there are now more debit than credit card users according to the latest research statistics. Since debit [...]

Following the increase in fees concerning bank credit cards, it looks like many banks will also be doing away with free services like checking and savings accounts. Banks, such as Citibank, will now be tacking on fees to previously free services. Citibank customers that use the EZ Checking Account  used to have fees waived if [...]

As banks are seeking more and more new ways to increase their profits, many are turning to what’s already in front of their nose – their own customers. According to recent information from market research companies, banking institutions are increasing the amount of direct mail and email solicitations they send to their current customers, in [...]

Wachovia Bank customers may not know how close they came to not having a banking institution. Last week, Wachovia Bank was running but with strong concerns that the bank would not be open for this week. Before any deals were being worked out, Wachovia did not have a source of liquidity and under those circumstances, [...]

Many consumers do not often think much about their bank unless there is an accounting discrepancy or fees have been raided noticeably, but re-evaluating your financial institution is something you should consider when trying to reduce your overall expenses. When people first open an account at a bank, they usually select a branch that is [...]

For the last few years, you could fall over backwards and get a mortgage. You could get a loan just by telling someone on a handshake what your income is without ever even proving that fact with documentation. Mortgage companies were selling people loans that amortized over 50 years and loans in which the payments [...]

For the last five years or so, many of the nation’s major banks and financial institutions have been originating all sorts of non-traditional mortgages such as interest only loans, adjustable rate mortgages, mortgages with balloons, fifty year mortgages, and a whole slew of other financial products that no consumer should ever buy. Unsurprisingly, many consumers [...]