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Consumer Compliance - Banking Exchange
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
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
The banking organizations wrote to the CFPB about the proposed redefinition of digital assets
Almost 50% of all credit card holders are carrying credit card debt
In response, the ABA highlights that fees are being eliminated and most customers are satisfied with their bank
Survey found more than half of Americans are not paying off cards in full every month
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