Online guide helps New Yorkers get more bang for their buck

If you are a bank, why lend money and put it at risk when you can simplyꦗ gouge your customers for profit?

Banks have🅺 been hurt by a raft of regulations that cut into their business in recent years, says Julie Conroy, an analyst at the Aite Group.

“The banks have to figure out new and creative wa⭕ys to make money,” Conroy added, “because they are no﷽t nonprofit businesses.”

A new study by NYC Comptroller Scott Stringer of 74 banks across New York City notes, “The majority reported policies that charged steep fees, either on a monthly or transactional basis.♒”

In response, Stringer’s office has launched an onlꦐine guide for consumers at .

“Our study showed that New Yorkers trying to open their first checking account face a bewildering array of options, and that the bank on your block might not give y🌃ou the best bang for your buck,” the comptroller said.