• Sector
    • Agriculture
    • Banking and Insurance
    • Community
    • Credit Unions
    • Energy
    • Health
    • Housing
    • Mutuals
    • Regional Organisations
    • Retail
    • Worker co-ops
  • Topic
    • Business
    • Democracy
    • Development
    • Economy
    • Education
    • Environment
    • Equality
    • Fairtrade
    • Financial
    • History
    • Legal
    • Politics
    • Technology
    • Youth
  • Events
  • Have your say
  • Co-operative News Co-operative News

--

  • Follow us
    • Follow us on Facebook
    • Follow us on Twitter
    • Follow us on Linkedin
  • Login
  • Become a member
  •   0
    • No products in the cart.
  •   0
  • Editions: Global
  • United Kingdom
  • North America
  • Sector
    • Agriculture
    • Banking and Insurance
    • Community
    • Credit Unions
    • Energy
    • Health
    • Housing
    • Mutuals
    • Regional Organisations
    • Retail
    • Worker co-ops
  • Topic
    • Business
    • Democracy
    • Development
    • Economy
    • Education
    • Environment
    • Equality
    • Fairtrade
    • Financial
    • History
    • Legal
    • Politics
    • Technology
    • Youth
  • Events
  • Have your say
Menu
  • Latest News
  • Sector
    • Agriculture
    • Banking and Insurance
    • Community
    • Credit Unions
    • Energy
    • Health
    • Housing
    • Mutuals
    • Regional Organisations
    • Retail
    • Worker co-ops
    • Close
  • Topic
    • Democracy
    • Development
    • Economy
    • Education
    • Environment
    • Equality
    • Fairtrade
    • Financial
    • History
    • Legal
    • Politics
    • Technology
    • Youth
    • Close
  • Regions
      • Africa
          • Botswana (3)
          • Burkina Faso (3)
          • Cameroon (4)
          • Congo, Democratic Republic of the (2)
          • Cote d'Ivoire (8)
          • Egypt (4)
          • Ethiopia (10)
          • Ghana (42)
          • Kenya (41)
          • Lesotho (2)
          • Liberia (2)
          • Madagascar (2)
          • Malawi (30)
          • Mali (2)
          • Mauritius (7)
          • Morocco (4)
          • Mozambique (4)
          • Namibia (3)
          • Niger (2)
          • Nigeria (5)
          • Rwanda (35)
          • Sao Tome and Principe (2)
          • Senegal (5)
          • Somalia (1)
          • South Africa (47)
          • South Sudan (2)
          • Sudan (3)
          • Swaziland (4)
          • Tanzania, United Republic of (7)
          • Tunisia (1)
          • Uganda (20)
          • Zambia (7)
          • Zimbabwe (4)
        • Close
      • Asia
          • Afghanistan (7)
          • Armenia (1)
          • Asia/Pacific Region (1)
          • Bahrain (2)
          • Bangladesh (11)
          • Bhutan (1)
          • Cambodia (2)
          • China (21)
          • Hong Kong (1)
          • India (115)
          • Indonesia (7)
          • Iran, Islamic Republic of (9)
          • Iraq (5)
          • Israel (9)
          • Japan (54)
          • Jordan (2)
          • Korea, South (20)
          • Kuwait (1)
          • Kyrgyzstan (1)
          • Lebanon (1)
          • Malaysia (25)
          • Mongolia (3)
          • Nepal (21)
          • Pakistan (7)
          • Palestinian Territory (4)
          • Philippines (23)
          • Russian Federation (4)
          • Saudi Arabia (1)
          • Singapore (34)
          • Sri Lanka (16)
          • Syrian Arab Republic (11)
          • Tajikistan (4)
          • Thailand (6)
          • Timor-Leste (1)
          • Turkey (12)
          • United Arab Emirates (9)
          • Vietnam (16)
          • Yemen (1)
        • Close
      • Europe
          • Albania (1)
          • Austria (9)
          • Belarus (2)
          • Belgium (30)
          • Bulgaria (3)
          • Croatia (3)
          • Cyprus (13)
          • Czech Republic (6)
          • Denmark (22)
          • Estonia (2)
          • Finland (12)
          • France (106)
          • Georgia (3)
          • Germany (51)
          • Greece (16)
          • Guernsey (1)
          • Hungary (2)
          • Iceland (5)
          • Ireland (105)
          • Italy (91)
          • Luxembourg (1)
          • Macedonia (2)
          • Malta (5)
          • Moldova, Republic of (1)
          • Netherlands (28)
          • Norway (14)
          • Poland (15)
          • Portugal (11)
          • Romania (14)
          • Serbia (1)
          • Slovakia (4)
          • Slovenia (1)
          • Spain (122)
          • Sweden (35)
          • Switzerland (35)
          • Ukraine (22)
          • United Kingdom (5683)
        • Close
      • North America
          • Antigua and Barbuda (1)
          • Bahamas (3)
          • Barbados (1)
          • Belize (3)
          • Canada (438)
          • Costa Rica (19)
          • Cuba (14)
          • Dominica (2)
          • Dominican Republic (14)
          • El Salvador (2)
          • Grenada (1)
          • Guatemala (11)
          • Haiti (4)
          • Honduras (11)
          • Jamaica (2)
          • Mexico (49)
          • Nicaragua (2)
          • Panama (8)
          • Puerto Rico (11)
          • Saint Kitts and Nevis (1)
          • Trinidad and Tobago (2)
          • Turks and Caicos Islands (1)
          • United States (762)
          • Virgin Islands, British (1)
          • Virgin Islands, U.S. (1)
        • Close
      • Oceania
          • Australia (138)
          • Fiji (2)
          • Kiribati (2)
          • Nauru (1)
          • New Zealand (106)
          • Palau (2)
          • Tonga (1)
        • Close
      • South America
          • Argentina (62)
          • Bolivia (12)
          • Brazil (44)
          • Chile (11)
          • Colombia (26)
          • Ecuador (14)
          • Paraguay (8)
          • Peru (41)
          • Uruguay (10)
          • Venezuela (10)
        • Close
    • Close
  • Events
  • Blogs
  • Have your say

More People Joined Credit Unions Since BofA’s Debit Fee Controversy Than In All Of 2010: Survey – The Huffington Post

More consumers flocked to credit unions last month than in all of 2010 combined, likely in part due to the controversy surrounding debit card fees. At least 650,000...

By NCBA Newsfeed
3 November 2011
More consumers flocked to credit unions last month than in all of 2010 combined, likely in part due to the controversy surrounding debit card fees. At least 650,000 customers opened new accounts at credit unions since September 29, the day Bank of America announced it would charge customers a $5 per
By NCBA Newsfeed
3 November 2011

More consumers flocked to credit unions last month than in all of 2010 combined, likely in part due to the controversy surrounding debit card fees.

At least 650,000 customers opened new accounts at credit unions since September 29, the day Bank of America announced it would charge customers a $5 per month fee to use their debit card for purchases starting in 2012, the Credit Union National Association estimates. If that number holds true, it would be more than the 600,000 consumers that joined credit unions in all of 2010.

More than 80 percent of the credit unions that experienced a boost last month attributed the growth to fees like Bank of America’s or a mix of reactions to fees and “Bank Transfer Day” — a social media-centered movement encouraging consumers to transfer their money from banks to credit unions or other non-traditional lenders, according to CUNA.

The banks are likely feeling the customer anger. A Bank of America official said the bank decided to scrap the debit card fee earlier this week as other banks also dropped their fees in response to the outcry, according to Reuters.

Read more
In this article
  • bank
  • Bank of America
  • Credit union
  • Debit card
  • Electronic commerce
  • Fee
  • Finance
  • Financial institutions
  • Interchange fee
  • Payment systems
  • the Huffington Post
  • Transactional account
  • NCBA Newsfeed
NCBA Newsfeed

Show More

PrevNext

Related News

  • Banking and Insurance,  Democracy,  Development
    Ethical Banks Weather Crisis in Spain
    29 July 2012
  • Banking and Insurance,  Business,  Economy
    Solvency II Solutions Seminar – Key Note Speaker Announced
    18 April 2012
  • Banking and Insurance,  Financial
    Co-op aims to take on ‘big five’ banks as it…
    6 September 2011
  • Credit Unions,  Financial
    Bank Transfer Day: CU Experts See Mixed Blessing in More…
    12 October 2011
  • Democracy,  Development,  Education
    How can social enterprise help people tackle financial exclusion?
    8 April 2013

Join the Conversation

Most viewed this week

  • Business,  Community
    Co-ops plug in for a new wave of music venues
    30 June 2022
  • Sector
    Empowering co-operation: UK Co-op Congress 2022
    29 June 2022
  • Banking and Insurance,  Environment
    Crédit Agricole moves towards a phase-out of gas and oil…
    28 June 2022
  • Sector
    ‘We need our land back’: Community land trusts and the…
    30 June 2022
  • Agriculture
    Scottish seed potato farmers form co-op to overcome Brexit export…
    27 June 2022
Co-Op market has grand opening in Elm City - WTNH-TV (Connecticut)
Previous
Cooperatives: "Meeting Human Need, Not Just Human Greed" - Inter-Press Service
Next

Follow us

 

About us
2022 AGM
Contact us
Privacy Policy
Useful Links

Live from Twitter

  • French #coops bank @CreditAgricole moves towards a phase-out of gas and oil finance - but campaign group… https://t.co/hIRzry3OLK56 minutes ago
  • 'Community-led housing plays a valuable role in contributing to much needed housing for lower-income families and i… https://t.co/UYkC8fQOL4about 1 hour ago
  • Report from the UK Co-op Congress with thoughts on the state of the #coops movement from speakers such as… https://t.co/00G2kKOztM3 hours ago
Back to top

© 2020 Co-operative Press Ltd.

Subscribe to the newsletter

Would you like co-operative updates straight to your inbox twice a month?

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in settings.

Co-operative News
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.