News Topic: Consumer banking

Charging customers $40 for a $10 overdraft “makes no mathematical sense,” Chime CEO Chris Britt says in a critique of traditional banks. ... Read full article

Readers strongly react to whether the CFPB should have a say on bank mergers and if tribal areas should have special CRA credit, debate whether banks are embracing enough technology and more. ... Read full article

About 15% of the bank’s partners are likely to leave this year to make room for new ones; the bank said it is looking into why it charges some customers even after their accounts are closed. ... Read full article

With brick-and-mortar locations dwindling, it’s even more important to meet potential customers in the field. ... Read full article

Banks have to be more resourceful with technology and less dependent on high interest rates. ... Read full article

An agency with a mission to protect consumers deserves to have a role in approving M&A deals. ... Read full article

At the same time, consumers hold banks to tougher disclosure standards than government agencies, health care organizations and retailers, according to Experian. ... Read full article

The Fed's development of a real-time payments systems has sparked a pointless debate about paper checks. ... Read full article

Toronto-Dominion — the Canadian bank known for fat net interest margins, the difference between what a bank charges for loans and pays for deposits — saw them narrow on both sides of the border in the fiscal third quarter. ... Read full article

Executives of the Wisconsin bank realized employees weren't getting enough direction so they adopted a strategy that breaks objectives into smaller steps. ... Read full article

The Pittsburgh company will take a de novo approach to growth around Washington. ... Read full article

As branches in remote areas disappear, banks run the risk of losing business to fintechs. ... Read full article

Scotiabank's earnings topped analysts' estimates on a surge in profit in its international-banking division, fueled by a sharpened focus on Latin America. Bank of Montreal, meanwhile, fell short of expectations as growth was more muted at its ... Read full article

Readers react to regulators revamping the Volcker Rule and the U.S. Postal Service getting into banking, criticize HUD's plan to make it harder for consumers to allege discrimination and more. ... Read full article

A J.D. Power official says supplemental benefits — many centered on travel cards — need to be pared down. His comments followed the company’s release of survey data that showed these hard-to-understand benefits were a drag on customer satisfaction. ... Read full article

Real-time transactions, reward points and early access to paychecks are among the features N26 is attempting to sell consumers here. ... Read full article

After a news report said the bank kept alive accounts customers thought they had closed, Sen. Elizabeth Warren told acting CEO Allen Parker in a letter that Wells is "still fundamentally broken." ... Read full article

Proponents of a plan to get the Postal Service more involved in banking say it would restore profitability. Actually it would lose more money. ... Read full article