Hope to Prosper

Simple Practices that Lead to Wealth

Bank Troubles in the News

Regulation /

There is a plethora of exciting stories in the news this week. The common theme is that banks are in the cross-hairs of regulators, who have finally started to pull the trigger.

The End of Reckless Spending

Regulation /

Most important, it has sent a message to politicians that voters will no longer be ignored. They are angry with the Government and they are doing something about it.

Overdraft is Over

Regulation /

The Federal Reserve announced Thursday new banking rules, which require consumers to opt-in before overdraft protection fees are allowed on their ATM and debit cards. This is a huge win for consumers who are being soaked for close to $40 billion dollars in overdraft fees in 2009 alone.