Personally, I think Washington and big banks have teamed up to run community banks out of the business. That is not good for the consumer and small business . . . in fact most community banks ARE small businesses.
But we are rapidly coming to a point where the international banks will swallow the Federal Reserve and the Federal Government.
In recent years, banks have worked to bolster their bottom lines through account fees, check cashing fees, transaction fees, statement fees and overdraft penalties. Working class people increasingly have withdrawn from the system rather than see their meager paychecks frittered away on these fees.
**************************************************************
I’ve been a member of a credit union for 46 years and never once been charged any kind of fee, even the checks are free.
I’m wondering why anyone would do business with a bank. My C.U. has mortgage loans available too. If you borrow money from the C.U. for a mortgage or car loan their interest is lower than any bank in my area. No A.T.M. fees either.