Responses to Reg E
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15 July 2010Bart Narter
In the Celent report Reg, Reg, Go Away: Sorry Banks, They're Here to Stay, I laid out a stark landscape for checking accounts due to the implications of Reg E. Revenue will drop and profits will drop likely moving into loss. What should banks do? A few of the options were:
- Raise price
- Create bare bones accounts
- Create bundles
- Reduce cost