Saturday, May 19, 2012

Bank locally - save community banks and credit unions

http://www.bizjournals.com/philadelphia/blog/jeff-blumenthal/2012/05/another-bank-paying-millions-to-settle.html?ana=handmark

Here is another reason to bank locally with your community bank or credit union.  Although politicians may feel these mega banks are too big to fail; apparently they are not too big to charge fees thru the nose.  If people don't start abandoning these mega banks and support local (like any other business) then we all will be a the whim of 4-5 huge financial institutions.  Who is going to stop them when they form a cartel an control all fees and charges?  Think about it...



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