Junk Fees are Causing Consumers to Switch Banks
Proposed rule to ban junk fees aims to remedy widespread concerns
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
This Thursday January 18 at 1:00 pm ET Banking-Exchange will host a live webinar with Soups Ranjan
President and CEO Rob Nichols said proposed rules threaten affordable deposit account products
Almost 50% of all credit card holders are carrying credit card debt
Investors are starting to jump into the stock market again
Unemployment is expected to stay around 3.8% and payrolls have continued to increase
Consumer spending, government spending and residential investments were the catalysts for growth
JP Morgan reported $13.15 billion in profit last week
Revenue and margins are both expected to decline throughout the banking sector