fee income

CFPB opens door to rewrite of 2009 overdraft rule


The agency launched a review to gauge whether the regulation requiring consumers to opt in to overdraft protection “should be amended or rescinded” to minimize the effects on smaller financial institutions.


Banks should welcome fee-busting AI, fintech says


Cushion uses AI to help consumers negotiate refunds of overdraft and other fees. But it argues there's a bank play in its technology if bankers take the long view.


Fee income, deposit growth highlight Citizens 1Q


The Providence, R.I., bank reported increases in most fee-based lines and loan categories, and it continued to add deposits through its new digital franchise, Citizens Access.


Commercial, mortgage, card lending rise at U.S. Bancorp


The Minneapolis bank reported mid- to high-single-digit improvement in those categories, but total loan growth was curbed by declines in CRE and other credit types.


With Citi's $47 fee sparking rage, Mexican banks brace for reaction


Tatiana Clouthier, one of the most powerful lawmakers Mexico, is backing a campaign that's spread jitters through financial markets: make the banks charge less.


Chase, Wells, BofA to waive ATM fees for public-benefits recipients


The three large banks banks are joining a number of institutions in agreeing to eliminate fees for Californians who receive benefits via electronic transfer cards. Chase and BofA will also waiving the fees nationwide.


Booming economy means less fee income for credit card issuers


Though banks are generating more revenue from interchange and annual fees, those gains have been offset by declines in income from cash advances and late fees.


Can midmarket M&A boost regional banks' fee income?


Consolidation of midsize firms in health care and other industries is expected to heat up in 2019. That’s welcome news to banks that have recently acquired boutique M&A advisory firms.


The bank that became too good at commercial lending


Woodforest National Bank made so many C&I loans that it cut into capital and required more liquidity. It has shifted gears, selling two business lines as it refocuses on deposit gathering.


Mexico Senate leader wants bank fee bill vote in spring session


Mexico's Senate leader Ricardo Monreal said he'll seek a vote on his bill cutting bank fees in the spring session starting next month.