Poor Find Bank Fees Onerous, Pawn Shops A Source OF Short-Term Funds
Overdraft #fees and checking account minimums discourage the #poor from using #banks; #pawn #shops are an alternative to payday lenders.
Financial Technology
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What Does the Surge in Transaction Fees Mean for Bitcoin?
#Bitcoin has had a volatile December, from reaching an all-time high of over $ 19K to crashing down more than 30%. There is no dearth of reasons for why the price for #cryptocurrency has been falling, from blaming the recent the hack of South Korea’s cryptocurrency exchange Youbi last week, or simply an overall reluctance by […]
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No More Foreign Transaction Fees on PayPal’s Cashback Mastercard
EXCLUSIVE- In the spirit of credit cards aiming to woo users with rewards and benefits, PayPal is getting rid of #foreign #transaction #fees on its #Cashback #Mastercard. Bank Innovation has learned that starting this week, PayPal Cashback Mastercard users will no longer be charged the original foreign transaction fee of 3% the transaction amount. In […]
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Credit Cards Still Have Too Many Fees
The average #credit card has six attached #fees, despite the increasing consumer preference for no fees at all. This is according to a study by CreditCards.com released yesterday conducted by Harris Poll, which surveyed 100 general-purpose credit #cards. These cards charge a combined 591 fees, with the most common being late payment and cash advance […]
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Investors Remain Wary of Fees vs Commissions
When it comes to #fees versus #commissions, full-service #investors still #remain #wary or outright dismissive of the former. According a report by J.D. Power, which surveyed 1,000 full-service investors regarding the possible impacts of the DOL Fiduciary Rule (which, as of now, is still expected to go live in April of this year), advisors don’t […]
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Activehours Raises $22 Million to Disrupt Payday Lenders, Nip Consumer Fees
#Activehours has raised $ 22 #million in debt and equity financing, bulking up its war chest to #disrupt #payday #lenders and help consumers avoid finance charges on credit cards and overdraft #fees on bank withdrawals. The Series A round was led by Matrix Partners with participation from March Capital Partners as wellRead More
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Activehours Raises $22 Million to Disrupt Payday Lenders, Nip Consumer Fees
#Activehours has raised $ 22 #million in debt and equity financing, bulking up its war chest to #disrupt #payday #lenders and help consumers avoid finance charges on credit cards and overdraft #fees on bank withdrawals. The Series A round was led by Matrix Partners with participation from March Capital Partners as wellRead More
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U.S. Bank Removes Fees on Instant P2P Payments
U.S. #Bank has abruptly reversed course on charging for realtime #payments via the clearXChange network. Effective yesterday, U.S. Bank customers can make realtime P2P payments for free, just like the customers at the five other clearXchange member #banks. As the network grew, U.S. Bank saw the need to offer the service forRead More
Bank Innovation
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