Checking accounts are a “fundamental product” for consumers, but that doesn’t stop some banks from falling short in their disclosures and, more importantly, engaging in abusive overdraft fee practices, according to the Pew Charitable Trusts. Interestingly, this call for improved overdraft practices comes as overdraft revenue drops at financial institutions.Read More
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For many consumers, the task of managing finances and developing smarter spending habits while avoiding overdraft fees remains a challenge. A solution is on its way, and it is called WINK, an app that is being designed to simplify personal finance, according to founder & CEO Matthew Irwin. Watch the company’s slightlyRead More