• BankThink More on the Chase overdraft fee story

    Matthew Miller, the man who lost more than $1,400 to Chase in a puzzling series of overdraft fees last month has written to BankThink with an update, which we wanted to share with our readers.
  • BankThink Treasury awkwardly courting financial reporters

    Check out this post on the financial blog Naked Capitalism describing an off-the-record meeting the Treasury Department arranged between senior officials and financial bloggers. The Treasury has, along with other heavily scrutinized agencies within the Obama administration, gotten into the habit of trying to make nice with journalists by inviting small groups for a chat on the condition that they do not quote individual officials. Other financial regulatory agencies have held meetings that are so far off the record they aren’t even allowed to be mentioned. The benefit of these events remains unclear. Naked Capitalism blogger Yves Smith makes a point about their futility:
  • Frank to Strengthen His Derivatives Bill

    House Financial Services Committee Chairman Barney Frank, D-Mass., wrote Tuesday to the heads of the two agencies that would probably be responsible for overseeing derivatives markets to reassure them that he would try to close some loopholes that they, along with other observers, identified in his derivatives legislation.
  • Clarity Seen in New CRE Guidelines

    WASHINGTON — Though fears linger that regulators are letting banks kick problems down the road, most observers say guidelines released last week that outline ways to modify commercial real estate loans gave banks much-needed clarity for handling troubled credits and would ultimately prove beneficial.
  • BankThink HuffPo item dissects JPM overdraft fees

    Over at the Huffington Post today, reporter Arthur Delaney walked readers through the case of a former Washington Mutual customer whose account converted to Chase Bank when JPMorgan Chase & Co. bought the failed thrift late last year. The customer, Matthew Miller, recently discovered he’d been charged a total of $1,446 in overdraft fees during the course of a month.
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