Consumers Should Be Wary of "Giant, Monster Megabanks"
www.CUNA.org/newsnow (8/15/11) Consumers should consider credit unions for their financial needs during times of fiscal austerity such as the U.S. is experiencing, said radio host Clark Howard, an authority on smart spending.
Clark Howard, a self-proclaimed cheapskate from Atlanta, is known for his acumen on money and consumer issues, which he dispenses on his national radio call-in show and on television's HLN -- formerly CNN Headline News (bellinghamherald.com Aug. 12).
"Howard is equally comfortable talking about cell phone plans, 401(k) plans and travel plans," the article states. "Since 1987, he has been doling out money advice and naming products and brands he thinks are superior, along with those he thinks stink."
Regarding banking, Howard urges consumers to be wary of conducting business with what he terms "giant, monster megabanks." Instead, he recommends smaller banks and especially credit unions, which are consumer friendly and known for their superior customer service and lower borrowing rates, he told the newspaper.
Information on Clark Howard's new book, Living Large in Lean Times, is available on his website at www.ClarkHoward.com
Return to Finance Updates