Hosted on MSN

Regulation D and savings account withdrawal limits – here's what changed

The Federal Reserve eliminated the six-withdrawal limit on savings accounts in April 2020, giving consumers unlimited access to their money — at least on paper. Here’s the catch: Many banks still ...

Your bank account could be costing you — try these 6 low- or no-fee options

Your bank account is working against you if you're paying a monthly maintenance fee. Here's what to switch to.
American Banker

A complete guide to the CFPB's open banking rule

Rohit Chopra, director of the Consumer Financial Protection Bureau. On Tuesday, the Consumer Financial Protection Bureau finalized a long-awaited rule that promises to enable consumers to better ...
The New York Times

Banking Regulators Prepare to Loosen Post-Crisis Capital Rules

The changes, long sought by bank lobbyists, would reduce the capital banks must hold in reserve to mitigate risks. By Stacy Cowley Federal banking regulators released a long-awaited proposal on ...
Hosted on MSN

The ‘financial swamp’ of banking regulators who ‘decide’ which Americans get their bank accounts shut down

Senate Banking Committee Chairman Tim Scott, R-S.C., outlined why banking regulators are the root of the issue when it comes to shutting down American bank accounts, also known as de-banking, because ...