Challenger banks — financial firms offering something much like banking services, and looking to compete with old-school banks — are a new idea. The basic structure that underlies them is not. As Ingo Money CEO Drew Edwards noted in a recent conversation with Karen Webster,...
T-Mobile is considering launching a mobile banking service called T-Mobile Money, which comes with benefits for the company’s wireless customers. According to 9to5Google, T-Mobile Money is currently in an early pilot program. It will work like a traditional bank, and since it is backed by...
Corporates are gearing up to manage a whole slew of accounting standards changes in the coming years, but one of the more immediate effects involves how leases are recorded on financial statements. Reports in The Wall Street Journal said the changes could “upend” loan agreements, and...
Wells Fargo, the embattled national bank, is reportedly refunding tens of millions of dollars for a range of products, including pet insurance and legal services. According to a report in The Wall Street Journal that cites people familiar with the matter, Wells Fargo is making...
November 11, 2019
Challenger banks — financial firms offering something much like banking services, and looking to compete with old-school banks — are a new idea. The basic structure that underlies them is not. As Ingo Money CEO Drew Edwards noted in a recent conversation with Karen Webster, the model that most so-called challenger banks offer is basically […]
October 13, 2022
America’s colleges have more work to do when it comes to protecting students from so-called “junk fees,” the Consumer Financial Protection Bureau (CFPB) said Thursday (Oct. 13). A new CFPB report looks at the terms and fees connected to banking products marketed to students by financial institutions (FIs) in partnership with colleges. The bureau said […]
November 29, 2018
T-Mobile is considering launching a mobile banking service called T-Mobile Money, which comes with benefits for the company’s wireless customers. According to 9to5Google, T-Mobile Money is currently in an early...
July 11, 2018
Citizens Financial Group announced the launch of its nationwide, direct-to-consumer digital bank. Citizens Access safely and securely offers Member FDIC-insured online savings and CD accounts with attractive rates and no fees...
March 29, 2018
Overdraft fees have reached their highest level since 2009, which was at the end of the Great Recession. Consumers paid $34.3 billion in overdraft fees during 2017 compared to $33.3...
