After last week’s article on banks with high service fee income, we wanted to take a look at how some other banks make their money. Particularly after mentioning that Capital One is a credit card bank, we wanted to see…
3 Banks Charge 45% of All Consumer Service Fees
Bauer has been warning readers for years about the downfalls of opting-in to “courtesy” overdraft protection. And with good reason. In 2021, estimated overdraft fees charged by U.S. banks for this “courtesy” exceeded $8 billion. You’ve probably been noticing lately…
Mortgage Loans Remain Bright Spot, Mostly
Loan balances at our nation’s banks grew $62.7 billion (0.6%) during the third quarter 2021. The majority of that growth ($41.3 billion) was in the form of residential (1-4 family) mortgages. However, mortgage loans are down almost a full percent…
Cooperation is Not a Four-Letter Word
When Jelena McWilliams was sworn in as the 21st Chairman of the FDIC (June 5, 2018 JRN 35:23), five federal agencies (the Federal Reserve Board, the FDIC Board the OCC, the Commodities Futures Trading Commission (CFTC) and the Securities and…
Will There be a Merger Miracle in 2022?
If you can’t remember the last time federal regulators denied a bank merger application, you’re not alone. It has been years. In fact, when we began writing Jumbo Rate News in 1983, there were almost 15,000 banks in the U.S.;…