Finally, some rules have been passed that will actually benefit the American people. The Federal Reserve will regulate overdraft fees, which have been a boon to the banking industry at our expense. Effective next summer, banks will have to notify consumers about their overdraft fee policy and will not be able to charge...
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Bank overdraft fees have been getting much attention in the media as of late. Unfortunately, consumers have been unable to find a effective way to confront this racket. Here are a few helpful ideas that will help you fight overdraft fees. 1. If your social security funds are direct deposited, you are can try and use this...
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With the recession in full swing, many banks have tried to squeeze every cent from their patrons. By allowing people to exceed their balances and then charge them a substantial overdraft fee for each transaction, banks have implemented a scheme that has harmed many consumers. Overdraft “protection” is really a racket that...
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