Friday, April 3, 2026

Ally Bank Eliminates All Overdraft Fees

Wed, 02 June 2021  |  banking 

Ally Bank, the largest digital bank in the U.S. and a division of Ally Financial Inc. (NYSE: ALLY), eliminated overdraft fees on all accounts today. Every Ally Bank customer is eligible, and there are no requirements or restrictions.

Ally Financial CEO Jeffrey Brown said: "This is a significant advancement for consumers as we live out our mission and live up to our name - being a true ally. Overdraft fees are a pain point for many consumers but are particularly onerous for some. It is time to end them.

"Nationwide, more than 80% of overdraft fees are paid by consumers l... Read More

Economic Optimism Rebounds

Wed, 02 June 2021  |  consumers economy 

The IBD/TIPP Economic Optimism Index, a leading national poll on consumer confidence, rebounded in June after a dip in May. Last month’s index showed a 3.5% decline, while this month the index is back up 3.7%. June’s reading of 56.4 keeps the index in positive territory for the sixth consecutive month and ties April’s reading for its highest mark since February 2020 (59.8), prior to the pandemic slump. For the IBD/TIPP indexes, a reading above 50.0 signals optimism and below 50.0 indicates pessimism.

The IBD/TIPP Economic Optimism Index has established a strong track... Read More

Workers Remained Committed To Saving Through Pandemic

Wed, 02 June 2021  |  retirement saving 

Reference Point, an annual 401(k) benchmarking report featuring year-over-year data and analysis on participant behavior and plan design from T. Rowe, finds that workers remained committed to retirement saving through the pandemic. The report is based on the firm's full-service recordkeeping client data and this year, it features findings derived through the lens of the global pandemic.

"While the financial, physical, and emotional strains caused by the pandemic had, and will continue to have, repercussions on plan design and retirement savings outcomes, it was encouraging t... Read More

RV Shipments Breaking Records

Wed, 02 June 2021  |  travel 

Strong growth through the remainder of 2021 will push RV wholesale shipments to their highest historical total ever, according to the Summer 2021 issue of RV RoadSigns, the quarterly forecast prepared by ITR Economics for the RV Industry Association.

“What RV manufacturers and suppliers have accomplished over the past year is nothing short of incredible. And our new forecast shows the industry will continue its record-breaking streak through the rest of the year,” said RV Industry Association President and CEO Craig Kirby. “Even with other types of travel returning, the... Read More

US Businesses Face Historic Difficulty Finding Qualified Workers

Wed, 02 June 2021  |  employment 

Amid a rapid reopening of the US economy and a huge increase in demand for workers, a new survey from The Conference Board found that businesses are having immense difficulty finding qualified workers. In fact, 80 percent of organizations hiring mostly industry and manual services workers report difficulty finding qualified workers, with 25 percent reporting it is very difficult. This compares to 74 percent before the pandemic, with 4 percent reporting it was very difficult.

The results of the survey suggest human resources departments will face four main challenges in... Read More

Home Improvement Retailers Buck Online-Only Shopping Trend

Tue, 01 June 2021  |  retail spending 

Think everyone was staying home, doing all their shopping online and avoiding human contact at all costs during the past year? Think again. According to the J.D. Power 2021 U.S. Home Improvement Retailer Satisfaction Study,℠ released today, home improvement is one retail category that maintained a consistent level of in-store shopping.

“The home improvement category is booming right now as part of the pandemic-related silver lining from people being home more and finally getting the time to tackle those home projects,” said Christina Cooley, director of the home intel... Read More