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Rep. Jeff Clemens of Florida has introduced a bill that would make it illegal for banks operating in the state to charge customers monthly fees for using their debit cards.
October 17 -
Steve Antonakes, the Consumer Financial Protection Bureau's head of supervision, said the agency will rely significantly on policies developed already by the banking regulators. But the focus of exams will be quite different, however, as the CFPB makes consumers their top priority.
October 17 -
Citigroup chief executive Vikram Pandit has not spoken with Occupy Wall Street protestors, bank officials said on Monday, even though he offered to talk "anytime" and Gawker later published his cellphone number.
October 17 -
Ever since the Durbin Amendment was enacted, ultimately cutting the interchange revenue banks get from debit cards by around half, one of the loudest and most persistent complaints has been that the government should not fix prices—at least not for banking.
October 17
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The Supreme Court is set to decide the contentious issue of whether Respa prohibits lenders from charging borrowers fees defined as 'unearned.'
October 17 -
The Federal Reserve Board on Monday signed off on a set of rules that will require U.S. banks to submit plans that can be used to unwind the firm in the event of a failure.
October 17 -
Citigroup Inc.'s revenue fell in the third quarter, and the bank is struggling to make money from its U.S. operations as investment banking slumps.
October 17 -
Consultant and former California regulator Walter Mix quantifies the damage from Dodd-Frank and explains why 2,700 banks could disappear over the next three to five years.
October 17 -
Community Bank in southwest Florida is taking advantage of the recent PR nightmare large banks like Bank of America Corp., JPMorgan Chase & Co. and Wells Fargo & Co. created for themselves by instigating debit card fees. The $750 million-asset bank is offering to pay people $5 per month to open a checking account instead of charging for debit transactions. Within just a couple of days, it became the most successful promotion in the bank's two-year history, and the institution partly has the bad mood of consumers to thank.
October 17 -
Why banks are leaning right and the president may receive an awkward reception in Bank of America's hometown.
October 17






