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CFPB research shows banks’ deep dependence on overdraft fees

WASHINGTON, D.C. (December 1, 2021) — Banks continue to rely heavily on overdraft and non-sufficient funds (NSF) revenue, which reached an estimated $15.47 billion in 2019, according to research released today by the Consumer Financial Protection Bureau (CFPB). Three banks—JPMorgan Chase, Wells ...

Bankjoy launches powerful business banking platform

DETROIT, MI (December 1, 2021) — Digital banking provider Bankjoy, announced today the official launch of its business banking platform, empowering its clients with superior tools to help attract and drive loyalty among small businesses within their communities. Recently surpassing more than one million members ...

Capital Credit Union promotes Blohm

BISMARCK, ND (December 1, 2021) — Stacy Blohm was recently promoted to financial services officer at Capital Credit Union’s Hazen and Beulah branches. In this role, Blohm will be responsible for consumer lending including auto, recreational vehicle and home equity loans, delivery of deposit ...