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Competition Drives Change

Banking

NO TECH

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Click on the Kahoot icon below to begin the quiz.

Alternatively, you can use EdPuzzle.

COMPETITION DRIVES CHANGE | JANUARY 14, 2022 EDITION | NEXT GEN PERSONAL FINANCE

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You’ve completed the exercise, now it’s time to learn

more about the current event:

COMPETITION DRIVES CHANGE | JANUARY 14, 2022 EDITION | NEXT GEN PERSONAL FINANCE

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Discussion Prompt:

Would you rather use a traditional bank that has many convenient locations or a challenger bank with more features to offer? Why?

COMPETITION DRIVES CHANGE | JANUARY 14, 2022 EDITION | NEXT GEN PERSONAL FINANCE

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Extend Your Learning

Relevant Resources from NGPF:

  • Beware of Banking Fees (Lesson)
  • What is the average fee when you overdraw your checking account using your debit card?

(Question of the Day)

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References:

  • Competition Drives Overdraft Disruption (Curinos.com)
  • Prepared Remarks of CFPB Director Rohit Chopra on the Overdraft Press Call (CFPB)
  • Overdraft fees hit lower-income Americans hardest. Will other banks follow Ally in

ending them? (USA Today)

  • Bank of America, Wells Fargo scrap some overdraft fees as scrutiny grows (Reuters)

COMPETITION DRIVES CHANGE | JANUARY 14, 2022 EDITION | NEXT GEN PERSONAL FINANCE