Tune in to this week’s installment of The Credit Line, hosted by Credit.com’s chairman and co-founder Adam Levin on Los Angeles’ KFWB 980 AM this Saturday, October 22, at 9 a.m. PST/Noon EST.
The show is co-hosted by L.A. radio personality Jeff Levy.
Big Banks vs. Credit Unions
As the furor over new fees from the nation’s biggest banks grows, more Americans are considering their banking options. One of those options is moving your money to a credit union. But what exactly is a credit union, and are they really an alternative for most Americans? Most importantly, are they really any better than the big banks? Adam will be asking these and other questions this Saturday, when he’s joined by Bill Cheney, the CEO of the Credit Union National Association (CUNA).
Death to Durbin?
If you ask the banks, they’ll tell you that all the new fees are the result of onerous new regulations that limit the money they can make. Most recently, the Durbin amendment limited the amount of money banks could collect from merchants in debit card swipe fees. In turn, the banks jacked up fees to consumers. Some lawmakers are moving to repeal the Durbin amendment with the hope that the banks will ease up on consumers in return. Adam will speak to one of those lawmakers about his proposal on this Saturday’s show when he’s joined by Rep. Bill Owens (D-NY).
Call in with your questions
Do you have a bank fee or credit union related question? Adam Levin and Jeff Levy are ready to take your calls live this Saturday, October 22 at 9 a.m. PST/Noon EST, at 888-539-2980.
Listen to The Credit Line: