Tag:
Public Backlash
Latest Headlines
Latest Headlines
As Chase kills two more fees, banks fight for customers
Are the largest banks spooked by the public backlash against Bank of America's debit card fee foray, the fallout of which has engulfed them all?
To be sure, we've seen banks beat a fast retreat from their debit card fee plans. Several banks, including JPMorgan Chase and Wells Fargo, cancel
Credit unions in tough spot on debit card fees
We've noted before that credit unions and community banks are licking their chops over the marketing opportunity presented by Bank of America's new debit card fee. Some are even running edgy TV spots. The public backlash against the fee has been stronger than expected, and more customers seemed pr
Banks already rethinking debit card fees
If Bank of America thought that imposing a hefty debit card fee on retail customers might spark a rush by other banks to do the same, it has been proven wrong. While there were some regional banks that piled onto the bandwagon--such as Regions and SunTrust-we're now seeing other national banks mov
More signs of backlash
We've been talking about the need for banks to be sensitive about the likelihood of a public backlash, as they bonus seasons rolls on. But the fact is that the backlash has already started--in Washington and on Main Street. You have to wonder what good a PR campaign is at this point.
Goldman S
Court challenge to levy? Maybe not
In the immediate aftermath of the news that a new special tax on banks may be coming soon, some reacted emotionally. And that was reflected a bit in the news coverage. It was swiftly reported that SIFMA has hired a Supreme Court litigator, Carter Phillips of Sidley Austin, to look into the con
Pay policies, bank risk and FDIC insurance
If executive compensation policies are truly a risk factor for financial institutions, then it makes sense that such policies should be considered by the FDIC when it assesses fees to be paid to its insurance fund. If risk policies are going to make it more likely that a bank will need to tap the
