Is the era of free checking accounts over? – The Week

 

Why do banks need more revenue?
New government regulations and a struggling economy have eaten into bank profits. President Obama’s 2010 overhaul of the financial system, which is meant to protect consumers from bad banking practices, curbed the ability of banks to charge customers overdraft fees. Major banks have tried to offset the losses in numerous ways, most prominently by trying to charge customers for using their debit cards, which was met with a severe public backlash.

Is the era of free checking accounts over? – The Week

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