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Banks poised to raise service fees amid FDIC shift
Washington AP reports banks plan higher fees to cover increased FDIC insurance costs after a proposed $70 billion borrowing package. Premiums could rise to about 3 per thousand, with regulators enforcing truth in savings rules within 15 months. Consumers may face higher checking costs as banks seek revenue from accounts.
MENTIONED IN THIS ARTICLE
Washington
Bush
Federal Depositurance
FDIC
Kenseia Gueulises
A Ae of America
William Taylor
Michelle Maier
Consumer’s Union
Consumer Reports
Robert Litan
Brookings Institution