Now that free checking is dead at each of the four major retail banks, is there any where you can go to just have a simple checking account without paying a bunch of fees? Yup, look at your smaller local bank or credit union, or think about an online checking account, reports American Banker. Unlike the big banks that have such dominant market presence that they don’t need to compete on price, just who has more ATMs, the scrappier outfits are going to to use free checking as a competitive advantage and a way to get people in the door so they can try to upsell them to other banking products and services.
A lot of folks are rooting for the smart, fierce and uncompromising Elizabeth Warren to head up the new Consumer Financial Protection Agency. And now the cowboy rappers have thrown their 10-gallon hats in the ring.
The new Consumer Financial Protection agency will be a place you can go to with your complaints and they will be taken seriously, the White House said this afternoon during a conference call in which Consumerist took part. While, “It’s not totally worked out who’s going to be manning the 1-800 number,” said senior economic adviser Austan Goolsbee,