In August 2010, the Federal Reserve Board directed banks to seek customer approval before enrolling them in high-cost overdraft coverage. Now, nearly a year later, a new survey by the Center for Responsible Lending finds there are still lingering consumer misperceptions as to what consumers believe they were actually signing up for.
Business Finance
High pressure tactics, confusion lead to customers choosing overdraft
- Wednesday, 04 May 2011 12:55
Franchising success story shared at ‘Faith and Finance’ breakfast
- Tuesday, 12 April 2011 22:10
Terrell Dillard, president of Jan-Pro Systems of Greater Cleveland, was the guest speaker at the Christian Business League’s “Faith and Finance” Breakfast
Fifth Third Celebrates Grand Opening of New Union Miles branch
- Thursday, 07 April 2011 09:31
Fifth Third Bank, Northeastern Ohio will hold a grand opening celebration of its Union Miles Banking Center at 4127 East 131st Street, Suite 400 in the Miles Pointe Crossing Shopping Center on Saturday, April 9, 2011. The location is near the corner of E. 131st Street and Miles Road.
To celebrate the office, which opened February 7, 2011, the Banking Center will have the unveiling of an art mural created by children in the community, as well as a kids’ corner, music,
Despite economic growth, Black still lag behind
- Sunday, 03 April 2011 17:47
Job growth in professional and business services, education, health, manufacturing, and construction is an encouraging sign, National Urban League President and CEO Marc H. Morial recently said, but the nation’s urban and minority communities are in danger of being left behind in the fragile recovery.
New bank laws are now in effect
- Saturday, 12 March 2011 20:22
Faced with the probability of losing billions of dollars a year, banks are suddenly scrambling to make overdrafting an account a more pleasant experience for consumers by reducing overdraft fees, waiving them entirely for teensy violations and launching accounts with flat monthly fees to insulate people from hefty overdraft charges.
