I know what you're thinking: Banks already charge customers outrageous fees for the privilege of having bank accounts. But if the Federal Reserve dares to try and help the economy by cutting a special interest rate it pays banks, fees could get even more outrageous, the Financial Times reports (subscription only). Such a move by the Fed would lose banks some easy money, and they could take the difference out of their customers' hides. Yeah, yada, yada! . . .
Here's an old/new Savings Idea that Banks cannot compete with, and don't want Customers to know about. An savings account concept that can be implemented within your Community, State, and Your America: Save To Win; D2D’s work with prize-linked savings accounts with credit unions in four states offering the Save To Win program, featured on PBS NewsHour . . .
D2D Fund aims to strengthen financial opportunity for consumers through new products and policies, according to the organization's website.
David and Goliath situation; "we need to do our best to be just as creative -- just as thoughtful, just as in tune with the literature and science about behavior and behavioral economics and leverage those to build consumer products and experiences that help them." At a time when savings are important, how do we engage consumers in the act of Saving and Reinstitute a culture of Thrift in America?
America has gone through some of the most difficult financial years a nation can go through, now banks are threatening to back-charge consumers (another Bank Bailouts) for Banker's ineptness--Is it not insane?
The nation’s federal financial regulators and the politicians claim to have saved the American economy. In truth they have done everything within their power to expand their own influence—often far out of view from the public and media.
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