Is Bank Transfer Day more hype than consumer revolution?

Consumers are clearly in the drivers seat these days as they account for nearly the bulk of all bank deposit dollars.

BofA announced that it will not begin charging the $5 per month fee for using debit cards. I heard on the news this morning that the consumer won a big battle. Good for us! But good the credit union movement?

The NCUA has failed to prove that J.P. Morgan Securities the firm made material misrepresentations to the corporate credit unions when selling them residential mortgage-backed securities, according the firms court filing. And with that J.P. Morgan asked a federal judge to dismiss the agencys June lawsuit against it.