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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?

    The full episode

    2 of 3
    Ditching the Big, Bad Banks
    1. 0:00Congress Passes Three Contentious Trade Deals
    2. 7:37Big Banks: Are There Alternatives?You’re reading this
    3. 42:35Who Should Clean Up Zuccotti Park?
    • https://images.ctfassets.net/2658fe8gbo8o/AvYox6VuEgcxpd20Xo9d3/e23b2c8a5a7a4a05410f82a6104e445f/custom_thumbnail_large.png?h=250&fm=webp

      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

    • https://images.ctfassets.net/2658fe8gbo8o/AvYox6VuEgcxpd20Xo9d3/e23b2c8a5a7a4a05410f82a6104e445f/custom_thumbnail_large.png?h=250&fm=webp

      Caitlin Shamberg

      KCRW

    • KCRW placeholder

      Joe Nocera

      New York Times

    • KCRW placeholder

      Tim O'Brien

      small business owner

    • KCRW placeholder

      Trish Wexler

      Electronic Payments Coalition

      NewsNationalPolitics

    The full episode

    2 of 3
    Ditching the Big, Bad Banks
    1. 0:00Congress Passes Three Contentious Trade Deals
    2. 7:37Big Banks: Are There Alternatives?You’re reading this
    3. 42:35Who Should Clean Up Zuccotti Park?
    Back to To the Point