The researchers from Javelin Strategy and Research were commissioned in October 2011 to interview over three thousand Americans regarding the change in the usage of prepaid debit cards over the last few years. During the interview process, the team that was commissioned for this purpose learned in detail about the usage of prepaid debit cards from an overwhelming number of consumers. The findings of this research were revealed by the …

The Federal Reserve has been regularly coming up with financial reforms at regular intervals of time to keep the profit making practices of banks in check. However, despite these reforms, banks do come up with ways in which they can rake in billions to appease their shareholders. One of the ways in which they are continuing this endeavor at the moment is through overdraft fees. One of the customers with …

By the end of 2012, the Consumer Financial Protection Bureau intends to rewrite certain regulations that were brought into effect two years ago. To aid in this, this agency is currently reviewing the banking practices being followed by certain leading banks in the country such as JP Morgan Chase, Wells Fargo and Company and the Bank of America Corporation. The current inquiry is aimed at finding out how banks persuade …

One of the most recent studies conducted by Javelin Strategy and Research has revealed that there was an increase of 18 percent in the usage of prepaid cards last year. In the year 2011 close to 13 percent of American households had at least one member using these cards. Despite the growing usage of prepaid cards, debit cards that are linked to checking accounts still continue to rule to roost …

SmarterBank’s online checking account loaded with features, called SmartBucks, offers a revolutionary rewards program and is exclusively designed for those who have student loan debts. The new rewards program offered by this online checking account from SmartBank automatically credits extra money towards the principal of student loans. This helps students save thousands of dollars that they would have had to pay as interest over the years. This rewards program also …