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Back to To the Point

To the Point

Big Banks: Are There Alternatives?

Bank of America plans to impose a $5 monthly fee on depositors who use debit cards and Citibank says it'll raise fees on accounts with less than $15,000, igniting the latest firestorm over personal and small-business finance.

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By Warren Olney • May 12, 2014 • 1 min read

Bank of America plans to impose a $5 monthly fee on depositors who use debit cards and Citibank says it'll raise fees on accounts with less than $15,000, igniting the latest firestorm over personal and small-business finance. Now that new rules require disclosure of what previously was hidden, more and more customers are looking for some place else to put their money. Quarterly reports are expected to show that big banks are feeling some pain in their profit margins. Are small depositors paying for their bad investments? Will the new Consumer Financial Protection Bureau be able to curb abuses?

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    Warren Olney

    former KCRW broadcaster

  • KCRW placeholder

    Andrea Brody

    Senior Producer, KCRW's Life Examined and To the Point podcast

  • KCRW placeholder

    Christian Bordal

    Managing Producer, Greater LA

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    Caitlin Shamberg

    KCRW

  • KCRW placeholder

    Joe Nocera

    New York Times

  • KCRW placeholder

    Tim O'Brien

    small business owner

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    Trish Wexler

    Electronic Payments Coalition

    NewsNationalPolitics
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