Category: Saving & Banking
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Regions leads big banks in overdraft revenue per account, about $30 a year
Among the 20 largest consumer banks in the country, Regions Bank collected more overdraft fee revenue per checking account than any other in 2025, about $30 a year on average. That figure comes from the same federal call-report data that regulators and consumer advocates use to track the industry, and it answers a more useful…
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Capital One, Citibank, American Express and Ally charge no overdraft fee at all
Four of the country’s biggest consumer banks charged their customers nothing at all for overdrawing an account in 2025, even as banks and credit unions nationwide collected more than $12 billion in overdraft and non-sufficient-funds fees for the year. The gap between those two facts is not an accident of size or region: it’s a…
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The Federal Reserve lifted a two-year enforcement order on a Dallas bank and a three-year one on an online bank
Two long-running supervisory actions against banks came off the books on September 4, when the Federal Reserve Board announced it had closed them: a cease-and-desist order against United Texas Bank in Dallas that had stood since August 2024, and a written agreement tied to the holding companies of Quontic Bank, a consumer-facing online bank based…
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The Federal Reserve told the banks it supervises to weigh lost work authorization as a repayment risk
The Federal Reserve told the banks it directly supervises, in a formal letter to its own examiners dated August 13, to treat a borrower’s lack of legal authorization to work in the United States as a factor that can raise the credit risk on a loan. The letter does not create a new rule, and…
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A one-year Treasury bill is paying 3.93 percent while a ten-year pays 4.77
The federal government is currently paying savers almost a full percentage point more to lend it money for ten years than it is paying them to lend it money for one year. A one-year Treasury bill sold at a yield of 3.93 percent as of September 3, while a ten-year Treasury note yielded 4.77 percent…
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The prime rate that sets credit card and home equity pricing has not moved since July, and the next chance is September 16
The interest rate that sets pricing on many variable-rate credit cards and home equity lines of credit held at 6.75 percent on every business day from August 28 through September 3, according to the Federal Reserve’s own weekly rate survey. That is the same level it has held since late July, when the Fed’s rate-setting…
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Debt owed to a federal health agency now carries 11.875 percent interest
The Department of Health and Human Services has published a new interest rate for money owed back to it: 11 7/8 percent a year, or 11.875 percent, on overdue debt covered by the agency’s claims-collection regulations. The rate appears in a Federal Register notice HHS filed on August 28, 2026, and it’s tied to the…
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A credit union under federal conservatorship since July was folded into a lender 3,700 times its size
On July 10, 2026, federal regulators took over a tiny Kansas City credit union with 1,015 members and $2.4 million in total assets. Seven weeks later, that credit union no longer exists on its own. Its accounts now sit inside a lender with 594,689 members and $9.0 billion in assets — a size difference of…
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Cash of $1,000 at a check casher now triggers ID and paperwork in eight border counties
Walk into a check-cashing store in Laredo or Las Cruces this week with a $1,200 paycheck, and the clerk can no longer just hand you cash. As of September 3, 2026, a federal order requires that business to check your government ID, write down the specific number on it, and report the transaction to a…
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Three Federal Reserve officials voted at the last meeting to raise rates
The Federal Reserve’s rate-setting committee met on July 28 and 29, and when the vote was counted, nine officials chose to leave the federal funds rate alone. Three did not agree, and they didn’t want a cut — they wanted the Fed to raise rates. That split matters more than it sounds like it should,…