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Nov 03

Huntington Bank Launches Two New Checking Accounts

Huntington Bank, one of the large regional banks in the Midwest, has launched two new interest-bearing checking accounts to its product lineup. Called Huntington 5 Checking and Huntington 25 Checking, they offer additional perks like interest-rate bonuses, non-bank ATM and credit card bonuses. They each have monthly fees, noted by their names ($5 and $25,

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Oct 22

NBRS Financial Becomes 15th Bank to Fail This Year

It’s been a while since a bank failed — the last one was in July. But, that streak didn’t last long. On Friday, NBRS Financial, based in Rising Sun, Md. with $188.2 million in assets and $183.1 million in deposits, was closed by federal regulators. All deposits were assumed by Howard Bank, based in Ellicott

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American Express Membership Rewards Points Can be Used at McDonald’s
Oct 15

American Express Membership Rewards Points Can be Used at McDonald’s

American Express card customers who participate in the Membership Rewards program will be able to use their points in real-time for purchases at McDonald’s restaurants. The new payment option is expected to be available McDonald’s locations by December 2014. “When Card Members pay with their American Express Cards at McDonald’s, this technology adds flexibility and

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Bank of America to Issue EMV Chip Debit Cards
Sep 30

Bank of America to Issue EMV Chip Debit Cards

Bank of America announced that all new and reissued consumer and small business debit cards will carry EMV chip technology starting in October. “The new chip-enabled debit cards will improve security of customers’ transactions when traveling abroad and at home, as more U.S. merchants adopt chip technology,” said Titi Cole, retail products and underwriting executive

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U.S. Bank to Refund $48 Million Over Illegal Add-On Products
Sep 26

U.S. Bank to Refund $48 Million Over Illegal Add-On Products

U.S. Bank has been ordered by the Consumer Financial Protection Bureau to refund roughly $48 million to more than 420,000 customers who paid for identity theft protection and credit-monitoring services, but never received them. “We have consistently warned companies about practices related to add-on products and we will do what is necessary to prevent further

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Sep 16

First Trade Union Bank Offers Debit Card Rewards Program for Cutting Student Loan Debt

First Trade Union Bank has partnered with SmarterBucks to provide a debit card rewards program that helps customers pay down their student loan debt. “We’re proud to be the bank that provides the only debit card that earns SmarterBucks rewards to help pay down student debt and improve consumers’ financial management,” said Michael A. Butler,

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American Express Serve Raises ATM Fees and Withdrawal Limits

American Express Serve Raises ATM Fees and Withdrawal Limits

American Express Serve, the prepaid card, is making some changes to its accounts terms — one good, one bad, according to an email notice sent to cardholders. Starting October 30, 2014, Serve cardmembers will pay an out-of-network ATM withdrawal fee of $2.50, up from $2. The best way to avoid this fee is to use

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Ally Bank Launches Mobile Apps for Android Tablets, Kindle Fire
Sep 15

Ally Bank Launches Mobile Apps for Android Tablets, Kindle Fire

Ally Bank introduced native mobile banking applications designed specifically for Android and Kindle Fire tablets that allow customers to manage their accounts, perform transactions and find more information about Ally accounts and rates. “With more customers accessing their accounts via tablet, we saw an opportunity to make the Ally banking experience obviously better for tablet

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BB&T to Acquire The Bank of Kentucky for $363 Million
Sep 09

BB&T to Acquire The Bank of Kentucky for $363 Million

BB&T, the nation’s 10th largest bank by deposits, has agreed to acquire The Bank of Kentucky, based in Crestview Hill, Ky. with $1.6 billion in deposits. BB&T agreed to pay $360 million in cash and stock in the deal. “We are extremely excited to welcome our new clients and associates in these vibrant markets to

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Chase Launches Redesigned Android App
Sep 04

Chase Launches Redesigned Android App

Chase has updated its Android mobile banking application with a new look and user interface that aims to personalize and simplify the mobile banking experience. “We’re continually improving the Chase Mobile App as more and more customers connect with us through their smart phones and tablets,” said Gaven Michael, head of Digital for Consumer and

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