Bank of America will be debuting significant changes to its overdraft services, which will include plans to do away with non-sufficient fund (NSF) fees as of February and to cut overdraft fees from $35 to $10 as of May. Get the Full Story Complete the...
The biggest Wall Street banks are set to report new record profits in 2021, due to bumper investment banking fees and less-than-expected losses on loans, the Financial Times (FT) reported Saturday (Jan. 8). Get the Full Story Complete the form to unlock this article and...
The Bank of Tanzania (BoT) in East Africa is planning to launch its new payment system in February following a successful pilot program with banks and mobile operators that began in June of last year, according to The Citizen on Friday (Jan. 7). Get the...
Alabama’s Regions Bank says it is adding a new technology solutions platform and team to its Regions Equipment Finance Corporation (REFCO) subsidiary. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
LendingClub won’t be going forward with several business operations in 2022, including its yacht loan business, according to CEO Scott Sanborn. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Despite bringing in an estimated $15.47 billion in 2019, more banks in the U.S. are ditching or modifying overdraft fees in a move to better compete with zero-fee FinTechs, placate politicians and make customers happy, according to the most recent data from the Consumer Financial...
A pilot program between U.K. bank Cambuslang and the U.K. state-owned Post Office could help give more access to in-person banking for those in need, according to a Sunday (Jan. 2) report from Financial Times (FT). Get the Full Story Complete the form to unlock...
The State Bank of Pakistan (SBP) is taking its first steps toward bringing a fully digital bank to the country. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
FinTech challenger bank Chime can continue using terms like “no overdraft fees” and “no hidden fees” after the National Advertising Division (NAD) of BBB National Programs determined that the advertising for its “SpotMe” program disclosed the necessary information. Get the Full Story Complete the form...
