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Why Aspiration Says Big Banks’ “Bad Decisions” Were Its Gain

PYMNTS

Maryland Representative Elijah Cummings and California’s Representative Jimmy Gomez, in an open letter to BoA CEO Brian Moynihan, said that many low-income American families rely on the account. Customers can also keep a daily balance of $1,500 to avoid fees. Those who do not meet those criteria will pay a $12 monthly fee.

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More Gain, Less Pain

Independent Banker

These agencies had input: the Federal Reserve, the Office of the Comptroller of the Currency, FDIC and the National Credit Union Administration. Ellen Ryan is a freelance writer in Maryland. Private industry and ICBA had no input when FFIEC developed the tool, says Lilly Thomas, ICBA vice president and senior regulatory counsel.

Tools 70
article thumbnail

More Gain, Less Pain

Independent Banker

These agencies had input: the Federal Reserve, the Office of the Comptroller of the Currency, FDIC and the National Credit Union Administration. Ellen Ryan is a freelance writer in Maryland. Private industry and ICBA had no input when FFIEC developed the tool, says Lilly Thomas, ICBA vice president and senior regulatory counsel.

Tools 70