U.S. regulators say Wells Fargo, one of the nation’s largest banks, opened about 1.5 million bank accounts and applied for 565,000 credit cards that may not have been approved or…
The U.S. regulator found that “over-the-limit” fees and other “back-end pricing” practices have essentially come to an end.
The average fee for using an out-of-network ATM jumped four percent over the past year to a record $4.52 per transaction.
U.S. commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported aggregate net income of $43 billion in the second quarter of 2015, the highest quarterly income on record, the FDIC said Tuesday.
Many U.S. consumers don’t know that the agency can step in and help if they believe that a lender has committed a wrongdoing.
“While there is at least one prepaid card that is free for each usage scenario, selecting the wrong card can cost you as much as $500 per year.”
JPMorgan Chase, Bank of America and Wells Fargo Bank each reported more than $350 million in overdraft fees for the first quarter.
Twenty-nine percent of 45 banks studied this year did not clearly identify the “overdraft default option,” which prevents customers from getting dinged with overdraft fees.
Recently, there’s been a new wave of media reports about how some Uber drivers are struggling to keep up with the monthly payments on these high-interest auto loans.
Almost two dozen financial institutions nationwide are offering checking account yields of 2 percent or better. A few might even reach 5 percent.