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"In fact, roughly half of respondents to the ICBA survey say that overdraft fees constitute their most profitable non-depository and non-lending product, despit
by mrmirz 11y ago
"In fact, roughly half of respondents to the ICBA survey say that overdraft fees constitute their most profitable non-depository and non-lending product, despite regulatory changes that have crimped their income potential."
http://independentbanker.org/2014/01/finding-more-fee-income/ http://independentbanker.org/2014/01/finding-more-fee-income...
- morgante 11y agoSo basically the article is completely wrong when it says: > The most profitable source of income for banks is not mortgages, credit card fees or mutual funds, but the fees they charge clients for these short-term loans.