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durbin amendment News

Credit card 'checkout fees' for consumers permitted as of Jan. 27

This week a new rule comes into effect that may impact how often you use your credit card. As of Sunday, stores in most U.S. states are permitted to charge customers a "checkout fee" when paying by credit.
In the Media by Leigh Goessl - 20 comments

Bank of America scraps $5 monthly debit card fee

Bank of America finally decided to retract their recently imposed $5 monthly debit card fee on customers. Competitors Wells Fargo, SunTrust and Chase had already scrapped their (lower) proposed fees, and now BofA is following suit.
In the Media by Leigh Goessl - 4 comments

Op-Ed: Bank of America to tack on $5 monthly fee to debit card users

Over the past several months a lot of upheaval has been going on in the banking industry, and one of the notable causes is due to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.
In the Media by Leigh Goessl - 11 comments
 

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Rising Prepaid Card Popularity Necessitates Consumer Adjustments

On May 23, the Consumer Financial Protection Bureau (CFPB) held a field hearing in Charlotte, North Carolina to discuss...
Jun 13, 2012 by Odysseas Papadimitriou
 

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