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Strong fraud protection is the most important consideration for 32% of consumers
TD Bank report found that nearly a third of young consumers have fallen victim to financial fraud
Teenagers are also more likely to experience financial concerns and lie about their financial situation
More than 60% of middle-market companies class themselves as “digitally native”
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
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