Payday Pundit » American Banker http://paydaypundit.org News and Information About The Payday Lending Industry Tue, 21 Dec 2010 16:30:04 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 No more free checking? http://paydaypundit.org/2009/06/24/no-more-free-checking/ http://paydaypundit.org/2009/06/24/no-more-free-checking/#comments Wed, 24 Jun 2009 14:41:09 +0000 Payday Pundit http://paydaypundit.org/?p=3853 Credit card rewards programs are in trouble, now free checking could end.  From the American Banker:

Resistance among regulators and consumers has intensified against the revenue model that for years has propped up free-checking: The charges levied against the relatively small share of customers who pay for account overdrafts and nonsufficient funds. As scrutiny increases over how free checking works, the business model that underlies what has become an industry standard may have to evolve.

]]> http://paydaypundit.org/2009/06/24/no-more-free-checking/feed/ 0 FDIC small loan program http://paydaypundit.org/2008/02/29/fdic-small-loan-program/ http://paydaypundit.org/2008/02/29/fdic-small-loan-program/#comments Fri, 29 Feb 2008 17:41:53 +0000 Payday Pundit http://paydaypundit.org/?p=944 The American Banker is working on a story about the “success” of the FDIC small loan program.  About 30 small community bankers signed up for the program, but all the big boys passed on it.   CFSA spokespeople will be quoted in the story supporting a free market.   Story should run next week.

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