Curious CapitalistCurious Capitalist
On this week’s edition of WNYC’s Money Talking, Rana Foroohar of Time and Joe Nocera of the New York Times weigh in on whether the Dodd-Frank financial reform law would have prevented the financial snafus that have plagued the banking sector recently.
Curious CapitalistCurious Capitalist
The LIBOR scandal unfolding across the Atlantic has huge ramifications for American consumers.
Anger against mega-banks brewed for most of last year, coming to a head with the Occupy Wall Street protests and fueled by banks’ unpopular (and short-lived) efforts to charge people for using their debit cards. People claimed …
Last week, JPMorgan Chase & Co. announced that it’s eliminating overdraft fees on purchases of $5 or less. Also this month, regional banks Fifth Third and U.S. Bank are raising their overdraft fees for multiple overdrafts and …
Some heavy-hitters are lobbying to get JPMorgan CEO Jamie Dimon to give up his seat on the board of the New York Federal Reserve. And he should — Dimon clearly wasn’t paying attention to the ABCs of banking risk. But if Dimon …
Planning to switch banks? Hope you have a bottle of aspirin handy because, odds are, the bank is going to do everything it can to keep you around, and that adds up to a major migraine for you. A new report documents all the roadblocks banks throw up to keep their customers from leaving, from charging you money to generating as much …
At an event in Durham, N.C. on Wednesday, Consumer Financial Protection Bureau director Richard Cordray announced that the agency is “decid[ing] how we should go about regulating prepaid cards to better protect consumers and to provide clear rules for prepaid providers.”
The rapidly growing prepaid market is attracting both banks and …
More young Americans – even those earning between $50,000 and $75,000 – are using payday lenders, prepaid debit cards and other questionable financial services. But there are better alternatives to those “alternatives.”
ATMs are getting a new face — literally, a human face. Some bank customers are already encountering what might be called ATM cyborgs, in which a machine includes a screen showing a bank teller’s head. The teller, in a remote …
The resignation of JPMorgan Chase exec Ina Drew in the wake of the banking giant’s recent $2 billion trading loss is troubling news for many reasons, but one of the most important rarely gets mentioned: Trading operations need …
The conventional wisdom — not to mention a good deal of research — suggests that women are less inclined than men to take big risks with money. That’s why a new discussion paper prepared by three economists for the German …
Apple fans can be a little crazy in their devotion to anything with an “i” tacked onto the front of it, but a new survey shows just how far that cult-like following stretches: Nearly half of people who use Apple devices would be …
