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Posts Tagged ‘regulation’

Sign a petition against SunTrust’s new increased checking account balance requirement

A petition has been created on the ForceChange.com site to protest SunTrust’s new increased checking account balance requirement.  Here is a direct link in case you’d like to sign-up/join in. While I mean no disrespect to the author of the petition letter, it does contain one sentence that I am afraid may fall upon deaf […]

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SunTrust’s increased minimum balance requirement backfires

When I received my SunTrust checking account statement a couple of months ago, I read a notice that it would be raising the minimum balance requirement from $500 to $1500 to avoid a fee; as an alternative, one could use a direct deposit arrangement.  I thought to myself, “here we go again” (as also observed […]

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I guess you’ll get involved once you’ve “lost your backpack and lunch money,” one too many times.

If you want to know why we are experiencing an all-out assault on the part of banks in the form of abuses with respect to credit cards, CNBC’s production, “House of Cards,” provides an excellent introduction to this subject, at least partially (greed).  Wall Street, and its regulators, failed.  A period of exuberance, during which […]

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