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American Consumer Continues to Stockpile Money in Checking
(Lake Forest, IL June 24, 2016) Over 320 of the 385 Great Britain government bodies voted to leave the European Union (EU). Michael Moebs, Economist and CEO of Moebs $ervices, said, “This is a general uprising in Great Britain by the common citizen. The average Brit did not want their electronic tea pot regulated by some EU bureaucrat in Brussels or Berlin. Isn’t this what the followers of Bernie Sanders and Donald Trump are saying when they don’t want Washington to regulate what electric light bulbs they can use?”
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LAKE FOREST, Ill—In battle for checking accounts, banks and credit unions are taking two very different strategies, according to one economist who believes that in the end consumers are coming out on top. Read More
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Credit Unions Hit All Time High in OD Revenue with Price Similar to Banks
Consumer Financial Protection Agency Poised to Give Banks Boost in OD Revenue
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Even though credit union and bank balance sheets have improved since the financial crisis, loan growth has mostly stalled or has fallen at small....Read more
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U.S. consumers are overdrawing their checking accounts less frequently than at any time in the last 14 years, according to new survey data. American Banker: Sept. 2013...Read more
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U.S. regulators are stepping up scrutiny of overdraft fees charged by banks, a big revenue stream that is helping the industry lessen the hit caused by...Read more
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Americans are encountering a wide variation of overdraft charges on debit card purchases and ATM withdrawals because of a patchwork of policies at....Read more...
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Consumers are once again paying more in overdraft fees despite regulations designed to protect them from these charges. Last year, consumers paid...Read more
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A recent report from Moebs Services revealed some good news for banks: Despite legislation designed to limit overdraft fees by making them more...Read more
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Overdraft revenue at banks, credit unions and thrifts rose last year for the first time since 2009, according to a new report from the economic research...Read more
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