Banking and Finance News
- Banking
Banks like Capital One and Ally are eliminating overdraft fees
Earlier this week, Capital One joined a growing number of banks eliminating all overdraft and non-sufficient fund (NSF) fees for…
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Dwolla’s plan to capitalize on interchange-fee war
Amazon’s recent threat to ban Visa credit cards in the U.K. over acceptance costs is emblematic of a much larger…
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It’s time for banks to reassess how they pay hourly workers
Bank of America recently announced that it will increase its minimum hourly wage to $21 ($43,680 annually, based on a…
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Columbia Financial buying RSI to expand in affluent New Jersey counties
Columbia Financial in Fair Lawn, New Jersey, is acquiring RSI Bancorp in a deal that expands its footprint in the…
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Europe’s homegrown payments network gains momentum
In recent years, the European banking sector has become increasingly concerned about the volume of the continent’s credit and prepaid…
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No end in sight for COVID restrictions at banks, credit unions
The omicron coronavirus variant could exacerbate inflationary pressures on customers while necessitating permanent shifts in the way banks and credit…
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A blueprint for broadening ex-inmates’ access to banking
In 2014, Old National Bancorp in Evansville, Indiana, launched a financial literacy program for a new audience: female inmates serving…
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High-cost lender reaches $2 million settlement with D.C. authorities
The subprime consumer lender OppFi has reached a $2 million settlement with the District of Columbia’s attorney general over allegations…
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Progressives urge bank regulators to toughen climate change policies
WASHINGTON — Progressive Democrats on the House Financial Services Committee urged top financial policymakers Wednesday to be more aggressive in…
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The not-so-stable state of stablecoin regulation
Biden administration officials are calling for tough governance for stablecoins, but the uncertainty of Congressional action, the number of agencies…
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