Banking Interests Target the Consumer Financial Protection Bureau

The sharks are circling around the Consumer Financial Protection Agency (CFPB), the consumer watchdog that was created to defend consumers – and protect the economy – in the wake of the financial crash of the late 2000’s. In the last few weeks, we’ve seen a flurry of bills that seek to disempower or even abolish […]

Banks Made Over $30 Billion from Overdraft Fees in 2016

Overdraft fees are a real money-maker for online sbi banks. According to the Wall Street Journal, overdraft revenue is up 2.5% to $33 billion since 2015. Overall, in 2016, the top 10 biggest banks made $7.5 billion. These fees are costly for consumers. The Consumer Financial Protection Bureau (CFPB) has compared overdraft to a short-term […]

Take Action: Tell the DOL to Protect Your Retirement Security Without Delay

Here’s your chance to help protect your retirement security, and that of millions of Americans. Tell the Department of Labor (DOL) that you want financial advisors to be required to give advice that’s in YOUR best interest. Nearly a year ago, the Department of Labor finalized the Fiduciary Rule establishing these common-sense protections for consumers. […]