The nation’s sixth-largest bank will offer a $750 line of credit to customers who need short-term liquidity, and will gradually become less reliant on older accounts that charge the controversial fees. With the plans, Truist is moving in the same direction as many large and midsize banks.
Read the full article at: www.americanbanker.com
John has been in the communications industry since graduating from Creative Communications at Red River College in Winnipeg in 1992. He launched one of Canada’s first digital-only local news sites called Winnipeg First in 2007, which led to a long stint as a digital editor with the Winnipeg Free Press. In 2012 he joined Bankless Times as the managing editor, later becoming president and CEO. He and the other co-founders of Bankless Media Inc. completed their sale and exit in August of 2021.
Source: https://www.lendacademy.com/truist-joins-industrys-pivot-away-from-overdraft-fees/
