Wisconsin Banking Update
Providing banking news in Wisconsin that Wisconsin Bankers can use. Keep on top of all the banking issues that are affecting Wisconsin in one place. If you would like to receive these updates by email please subscribe by entering your email address on the right. There is no cost and no obligation.
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$3 Fee Costs Bank $90,000
Posted on July 4th, 2009 No commentsA class-action lawsuit is costing Chicago-area Marquette Bank $90,000. The suit claims that the bank’s ATM violated the federal Electronic Funds Transfer Act by not disclosing that she’d be charged a $3 non-customer fee. Read the Chicago Sun-Times article.
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M&I Bank Promotes Reverse Mortgages
Posted on July 4th, 2009 No commentsM&I Bank in Green Bay will hold free seminars on reverse mortgages, which enable homeowners older than age 62 to convert part of the equity in their homes into tax-free proceeds, the Green Bay Press-Gazette announced.