Regulators Have This $31 Billion Business in the Crosshairs
The Consumer Financial Protection Bureau has been making quite a bit of noise lately about overdraft fees. Industry analysts estimate these fees bring in 61% of total checking account fees across the industry, or about $31 billion in revenue.
With this much cash on the line (not to mention reputation risk and regulatory risk), its critical for investors to assess the impact for their investment of choice. In the video below, Motley Fool contributor Jay Jenkins discusses who deserves a pat on the back (Citigroup and Bank of America ) and who should be nervous (looking at you, KeyCorp .
Many investors are terrified about investing in big banking stocks after the crash, but the sector has one notable stand-out. In a sea of mismanaged and dangerous peers, it rises above as "The Only Big Bank Built to Last." You can uncover the top pick that Warren Buffett loves in The Motley Fool's new report. It's free, so click here to access it now.
The article Regulators Have This $31 Billion Business in the Crosshairs originally appeared on Fool.com.Fool contributor Jay Jenkins has no position in any stocks mentioned. The Motley Fool recommends Bank of America. The Motley Fool owns shares of Bank of America, Citigroup, and KeyCorp. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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