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Fee Income - Banking Exchange
Bank of America’s Second Quarter Highlights Big Bank Earnings Advantage

Bank of America’s Second Quarter Highlights Big Bank Earnings Advantage

Earnings report was considered a win due to investment banking fees
Illinois Limits Interchange Fees

Illinois Limits Interchange Fees

The first-of-its-kind bill bans the collection of interchange fees on taxes and tips
Health Savings Accounts Charge Hidden Fees

Health Savings Accounts Charge Hidden Fees

Many providers charge complex and costly maintenance and exit fees
Trade Associations Urge Withdrawal of CFPB’s Proposed Overdraft Rules

Trade Associations Urge Withdrawal of CFPB’s Proposed Overdraft Rules

A separate ABA-led association has paused implementation of new rules to CRA
CFPB Finalizes Rule to Cut Late Credit Card Fees

CFPB Finalizes Rule to Cut Late Credit Card Fees

Average late fee charge reduced from $32 to $8
Biden Administration Targets Banks and Credit Cards

Biden Administration Targets Banks and Credit Cards

The retail banking industry went on high alert last week as President Joe Biden highlighted a new rule on credit card late fees
CFPB Proposed Overdraft Rule: Risk and Compliance Considerations

CFPB Proposed Overdraft Rule: Risk and Compliance Considerations

The Bureau seems poised to put even more pressure on financial institutions to change their overdraft practices
CFPB Proposes Ban of Non-Sufficient Funds Fees

CFPB Proposes Ban of Non-Sufficient Funds Fees

The new proposal forms part of CFPB’s work to prohibit all junk fees
Junk Fees are Causing Consumers to Switch Banks

Junk Fees are Causing Consumers to Switch Banks

Proposed rule to ban junk fees aims to remedy widespread concerns
CFPB plans to curb overdraft fees

CFPB plans to curb overdraft fees

The new rules could save consumers over $3.5 billion in fees per year
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