Showing 1 to 7 of 7 results
Australian Banks Threaten Higher Fees if Credit Card Surcharges Banned
Facing a Reserve Bank of Australia (RBA) proposal to eliminate credit and debit card surcharges, major Australian banks threaten to increase annual fees, shorten interest-free periods, and reduce rewards programs, prompting concerns about the future of credit card usage and loyalty programs.
Australian Banks Threaten Higher Fees if Credit Card Surcharges Banned
Facing a Reserve Bank of Australia (RBA) proposal to eliminate credit and debit card surcharges, major Australian banks threaten to increase annual fees, shorten interest-free periods, and reduce rewards programs, prompting concerns about the future of credit card usage and loyalty programs.
Progress
16% Bias Score
Low Consumer Uptake of German Bank Fee Refunds Despite Court Ruling
A Verivox survey reveals that only 11% of German bank customers sought refunds for unfairly levied account fees four years after a landmark court ruling, despite a significant portion having experienced fee increases prior to the ruling.
Low Consumer Uptake of German Bank Fee Refunds Despite Court Ruling
A Verivox survey reveals that only 11% of German bank customers sought refunds for unfairly levied account fees four years after a landmark court ruling, despite a significant portion having experienced fee increases prior to the ruling.
Progress
48% Bias Score
Post Office Seeks £150m Annual Fee Hike from Banks
The Post Office is proposing a substantial fee increase to banks for access to its network, raising annual costs to £350-£400 million to improve sub-postmasters' pay and address past financial issues. Approximately 30 banks must respond by early spring.
Post Office Seeks £150m Annual Fee Hike from Banks
The Post Office is proposing a substantial fee increase to banks for access to its network, raising annual costs to £350-£400 million to improve sub-postmasters' pay and address past financial issues. Approximately 30 banks must respond by early spring.
Progress
36% Bias Score
Greece Intervenes in Banking Sector to Address Low Rates, High Fees, and Slow Mortgages
The Greek government is intervening in its banking sector to address low deposit rates (1.84% vs. Eurozone average of 2.76%), high bank fees, and slow mortgage lending, aiming to pressure banks into fulfilling their social responsibilities, as stated by Prime Minister Kyriakos Mitsotakis.
Greece Intervenes in Banking Sector to Address Low Rates, High Fees, and Slow Mortgages
The Greek government is intervening in its banking sector to address low deposit rates (1.84% vs. Eurozone average of 2.76%), high bank fees, and slow mortgage lending, aiming to pressure banks into fulfilling their social responsibilities, as stated by Prime Minister Kyriakos Mitsotakis.
Progress
32% Bias Score
ASIC Pressures Commonwealth Bank on Low-Income Customer Fee Refunds
ASIC is urging the Commonwealth Bank to refund excessive bank fees charged to low-income customers after other banks refunded $60 million; CBA argues fees were disclosed but ASIC may pursue court action, prompting CBA to consider goodwill payments.
ASIC Pressures Commonwealth Bank on Low-Income Customer Fee Refunds
ASIC is urging the Commonwealth Bank to refund excessive bank fees charged to low-income customers after other banks refunded $60 million; CBA argues fees were disclosed but ASIC may pursue court action, prompting CBA to consider goodwill payments.
Progress
52% Bias Score
Australian Bank Fees Jump 5% as Cost of Living Crisis Drives Borrowing
Australian households paid almost 10% more in bank fees in 2023-24, driven by increased credit card and personal loan use amid the rising cost of living, leading to a 5% jump in bank fee revenue—the first annual increase in seven years.
Australian Bank Fees Jump 5% as Cost of Living Crisis Drives Borrowing
Australian households paid almost 10% more in bank fees in 2023-24, driven by increased credit card and personal loan use amid the rising cost of living, leading to a 5% jump in bank fee revenue—the first annual increase in seven years.
Progress
20% Bias Score
CFPB Caps Bank Overdraft Fees at $5, Saving Consumers $5 Billion Annually
The CFPB issued a rule limiting bank overdraft fees to $5 for banks with over $10 billion in assets, aiming to save consumers $5 billion annually and curb excessive fees.
CFPB Caps Bank Overdraft Fees at $5, Saving Consumers $5 Billion Annually
The CFPB issued a rule limiting bank overdraft fees to $5 for banks with over $10 billion in assets, aiming to save consumers $5 billion annually and curb excessive fees.
Progress
40% Bias Score
Showing 1 to 7 of 7 results