New York Attorney General Eric T. Schneiderman said last week his office plans to file suit against Wells Fargo and Bank of America for allegedly violating conditions established in a national mortgage settlement last year. Under the settlement signed by … Read More…
First Trade Union Bank recently lifted its monthly limit on ATM surcharge rebates and expects to provide nearly $25,000 in refunds this year. The bank launched its ATM fee rebate program in 2010 and has refunded more than $25,000 to … Read More…
Sens. David Vitter (R-La.) and Sherrod Brown (D-Ohio) introduced legislation last week that would prevent a single financial institution from becoming so large that its size could pose a risk to taxpayers and the U.S. financial system. “Many Ohioans would … Read More…
The FDIC issued proposed guidance on Thursday for supervised institutions that offer or plan to offer deposit advance products in order to ensure that banks are aware of the risks, compliance and safety associated with deposit advance loans. “The proposed … Read More…
Many banks have said credit unions have an unfair advantage because of their exemption from federal income tax, but a recent report by the St. Louis Federal Reserve found no evidence to support the claim. “Although the exemption reduces credit … Read More…
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