Regions
Regions Bank to refund $141M for illegal overdraft fees
The Consumer Financial Protection Bureau found that between 2018 and 2021, Regions was charging overdraft fees on some ATM withdrawals as well as some debit card purchases, even after the bank told the customers they had enough funds to cover the transactions.
Uncovering Elder Financial Abuse? It’s Tricky.
The elderly can be easy targets for financial abuse. First, they might have money saved from a lifetime of working. Plus they might not be as alert to scams or people taking advantage of them. Banks and other financial institutions can sometimes spot potential problems early. That’s just the beginning of what can be a sticky issue.
Birmingham’s Regions Harbert Plaza Now Minus Regions
A New York firm will try to fill a big chuck of space in downtown Birmingham's Regions Harbert Plaza once Regions leaves the office tower.
Regions Part of an Industry Rethink of the Bank Branch
Online banking haven't made the bank branch obsolete, but banks are rethinking how they use their brick-and-mortar locations.
Daughters and the CEO
Women make up half the world, but men still dominate in the business world. That's particularly true when it comes to executive positions. While women certainly have made progress, one factor in their efforts may be unexpected -- the daughters of executives. We explain in this week’s Magic City Marketplace.
Banking Woes
It's been a sour housing market of late with rising mortgage defaults and consumer debt. And big banks have been feeling the hurt too. Birmingham's Regions Financial reported second quarter profits are down by more than 50% and cut their dividends by an even higher percentage. Charlotte, N.C.-based Wachovia had losses approaching $9 billion and is cutting more than 6,300 jobs nationwide, including some jobs in Alabama.
