The ABA and ICBA have criticized plans to limit late fees on credit cards, which the CFPB believes will slash costs to consumers by $9 billion

A topic that has generated questions from a number of financial institutions

Overdraft fees, nonsufficient funds (NSF) fees, and similar fees are under increased regulatory scrutiny

The $182 billion bank has removed the charges for all of its 2.3 million customers

Regions Bank waives fees and offers other relief while American Express donates to the American Red Cross

Spending fell as the economy closed at the end of Q1 2020 and consumers sought to be “diligent” with debts

Investors have shied away from bank stocks despite multiple stress tests showing the sector to be performing well amid the pandemic

Innovators can only give things away for a limited period of time before their funders demand to see profitability

Fed more recently announced that it would hold interest rates steady for the foreseeable future

Survey on trends and issues in business banking also finds majority of business owners prefer online account opening and loan applications for business needs