Tag: banks’ revenue

Activity, Retail Banking

JPMorgan Chase to allow earlier paycheck access, expand overdraft grace period

December 9, 2021

Via: Banking Dive

Wednesday’s move expands on a policy shift JPMorgan instituted in August, when it raised the overdraft threshold so that only accounts owing more than $50 would incur fees. (Before August, the limit was $5.) The bank in August also eliminated […]

Activity, Corporate Banking, Regulations

2020 review: A year which saw fintechs cut jobs, pay & business arms

December 29, 2020

Via: FinTech Futures

Alternative lenders struggled through long accreditation processes and dried up reserves, before eventually taking on loans which carry the potential risk of high default rates. Neobanks could no longer rely on interchange fees as a main source of income, prompting […]