Written by Anthony Demangone, Powered by NAFCU
Perspective.
When Bank of America announced that it was ending a popular free checking account, I went on a Twitter spree. I found consumers who were frustrated, and I tweeted back that they should join a credit union.
One Twitter user said that senior citizens should be exempt from BOA's changes. I tweeted the usual line - that they should join a credit union and do some banking without bankers.
She quickly replied and agreed. But she said there was one specific reason why she was so angry at the change.
"Yes, credit unions are a great alternative! But for a senior citizen who is alone, has no transportation, or is even under care, the ability to switch may not be very easy."
I hadn't thought of that. Like I said, perspective.
Now, on to this week's reading pile.
- I love this letter that Dan Berger sent to a law firm demanding that they cease and desist threats of legal action regarding ADA and websites. (NAFCU)
- Schools are removing lockers. New schools don't have lockers as part of the plan. Why? Kids want everything with them, all the time. (WashPost)
- Whoa! Simply having your smartphone within your sight effectively lowers your IQ. (Behavioral Scientist)
- This flu season is no joke. (CDC)
- Never smooth enough. (Godin)
- The power of recurring transactions. (NAFCU Services Blog)
- JP Morgan is building 400 new branches. (HousingWire)
- Mick Mulvaney calls for "humility from CFPB. (NYT)
- The job market is getting tight. (Calculated Risk)
- Amazon's no-money, no-line store just went live. (Inc.)
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