Business Blog

Mississippi credit unions saw ‘some activity’ from ‘Bank Transfer Day’ while community bank Renasant grew accounts in state markets by 32 percent Breaking up isn’t so hard to do, after all. At least that’s what the Credit Union National Association reported a few days after the Nov. 5 national “Bank Transfer Day,” a protest staged [...]

Dead in a near blink of an eye. That’s how history will chronicle the big idea banks had for ginning up revenue through a monthly fee to customers for debit-card transactions. Perhaps you can blame awful timing. Parks in cities across the nation began filling up with protests against Wall Street and the banking system [...]

Hoping to head off a customer uprising, Bank of America became the latest U.S. banking giant to drop plans for charging customers monthly fees for debit card use. The Charlotte financial services company had planned to initiate a $5 fee at some point in 2012. But after Wells Fargo, Chase, SunTrust and Regions eliminated fees [...]

Regions Bank and SunTrust customers in Mississippi and elsewhere can say goodbye to the monthly debit card fees the banks assessed for using the card for making purchases. The Birmingham-based Regions, which holds the largest bank market share in Mississippi, followed SunTrust, Wells Fargo and Chase Bank in pulling the plug on the fees. Regions [...]