The adoption of external working capital solutions has surged among growth corporates — commonly referred to as middle-market firms — in North America. This trend is driven by these solutions’ ability to address a wide range of needs, making them essential for companies seeking broad...
America’s three biggest consumer banks saw their overdraft fee revenues fall 25% in 2023. J.P. Morgan Chase, Bank of America and Wells Fargo collected $2.2 billion in total in those fees last year, a recent CNBC report said, citing data from the Federal Financial Institutions Examination Council (FFIEC). That figure...
Labels are popular on Capitol Hill. And this week the labels are flying fast and furiously, aimed at big banks and credit unions. The Consumer Financial Protection Bureau (CFPB) put forth a proposal Wednesday (Jan. 17) that would limit overdraft fees — in many cases,...
The White House wants to limit the overdraft fees banks can charge customers. To that end, the U.S. Consumer Financial Protection Bureau (CFPB) on Wednesday (Jan. 17) issued a proposal that would close an “outdated loophole” that exempts overdraft lending services from consumer protection laws. The CFPB proposal would...
February 13, 2024
The adoption of external working capital solutions has surged among growth corporates — commonly referred to as middle-market firms — in North America. This trend is driven by these solutions’ ability to address a wide range of needs, making them essential for companies seeking broad support in navigating today’s complex business landscape. In the “2023-2024 […]
January 17, 2024
Labels are popular on Capitol Hill. And this week the labels are flying fast and furiously, aimed at big banks and credit unions. The Consumer Financial Protection Bureau (CFPB) put...
January 09, 2024
In challenging economic times, accessing credit is vital for many individuals, particularly those living paycheck to paycheck. One form of credit that consumers often rely on is overdrafts, which serve...
October 12, 2023
Present economic and financial challenges have compelled individuals from various income brackets and credit backgrounds to resort to overdrafts — a form of credit whereby a consumer’s bank covers a...
July 08, 2024
Discover debuted a new overdraft protection tool for its debit card customers. Balance+ offers fee-free discretionary overdraft coverage for day-to-day debit card transactions, according to a Monday (July 8) press release. “With many Americans continuing to live paycheck-to-paycheck, this offering highlights Discover’s continued efforts to help address overdraft fees — a key customer pain point […]
February 11, 2024
America’s three biggest consumer banks saw their overdraft fee revenues fall 25% in 2023. J.P. Morgan Chase, Bank of America and Wells Fargo collected $2.2 billion in total in those fees last year, a recent...
January 17, 2024
The White House wants to limit the overdraft fees banks can charge customers. To that end, the U.S. Consumer Financial Protection Bureau (CFPB) on Wednesday (Jan. 17) issued a proposal that would...
November 16, 2023
Santander has introduced a checking account designed to help customers avoid overdrafts. The bank’s Essential Checking account, announced Thursday (Nov. 16), lets consumers spend what they have without the risk of overdrafting...
