Banks, Consumers | featured news

Bank of America has shelved plans for new fees that could have hit at least 10 million customers by the end of this year, skirting a potential replay of a 2011 uproar over consumer-banking charges.

Its planned $5 fee for using a debit card has driven out into the open other fees that were long hidden to consumers. This may be a very unpopular thing to say about Bank of America and its planned $5 monthly debit card fee, but it's worth saying anyway: Thank you, Bank of America.

Consumers are wedged in the middle of a fight between bankers and merchants as the Senate stages a showdown vote over whether to limit fees that stores pay financial institutions...

Banking consumers who try to engage in comparison shopping often simply can't because nearly one in four banks doesn't make fee schedules available before they sign up, according to a study published Tuesday by a consumer group.

Wells Fargo is no longer making their debit card rewards program available to new customers.

In his weekly radio and Internet address, President Obama said that Congress needed to enact reforms to protect consumers, keep banks strong and safeguard the U.S. economy.

They're introducing all sorts of new fees and changes as laws take effect that are designed to make financial heavyweights friendlier to customers. Happy new year. Now pay up.