It’s not just a few thousand protesters: Sentiment toward America’s big banks is falling across the country.
From Occupy Wall Street protesters to retirees, consumers are riled up about bank fees like few other personal finance issues in memory.
MainStreet talked to industry experts about what consumers need to know before making a permanent switch to online banking.
Consumers Union, the advocacy arm of Consumer Reports, has sent letters to Bank of America, Chase, Wells Fargo and Sun Trust, calling on them to stop plans to attach fees to debit card purchases.
A new online bank attempts to capitalize on widespread dissatisfaction with the major American banks and their increasing fee structure.
Democratic lawmakers are asking the Justice Department to investigate whether Bank of America and other major banks improperly worked together to charge customers new monthly fees for using their debit cards.
The bank responds to a petition asking it to reverse its $5 fee.
Independent ATM operators are accusing MasterCard and Visa of fixing prices and forcing them to charge consumers set fees.
Frustrated Americans have organized a different kind of protest for Nov. 5, one that lets the money do the talking.
The Durbin Amendment to the Dodd-Frank Act capped the fees banks can charge merchants to take debit transactions, and so far merchants are reaping the benefits.