Ethan Clay, owner of Whalebone Cafe Bank in Pittsburgh, has offered low-cost banking services with no overdraft fees since January, but the state's banking regulator is taking issue with his operation. The reason? Clay is offering services from his coffee shop and ice cream business.
Clay, 31, has been the owner of Oh Yeah! Ice Cream, which also sells coffee and waffles, for five years.
Dismayed by what he calls excessive overdraft fees from his bank account, he decided to offer a savings...Full Story