Even though headline, consumer and business credit indexes have increased, they remain under neutral level

Average late fee charge reduced from $32 to $8

The retail banking industry went on high alert last week as President Joe Biden highlighted a new rule on credit card late fees

Over 76% of consumers expect their finances to improve or remain unchanged over the next 12 months

Proposed rule to ban junk fees aims to remedy widespread concerns

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

Inflation is continuing to affect how bank customers use their money, Bank of America has found

President and CEO Rob Nichols said proposed rules threaten affordable deposit account products

The associations argued the CFPB’s proposal does not go far enough

Fed Bank of New York survey found short-term inflation expectations reached the lowest level in three years