Yahoo! News:
Banks in the United States are poised to make $38.5 billion in customer overdraft fees this year, the Financial Times said, citing research by Moebs Services.
A large portion of the revenue is likely to come from the most financially stretched consumers, according to the paper.
It said the research showed that many banks have increased charges on overdrafts and credit cards in order to boost profits.
Tram Nguyen: A Bit of a Break from the Big Banks
In the face of rising consumer outcry and outrageous stories reported in the media, legislators and regulators finally found the political will to make some moves to restrict overdraft protection.
Bank of America wins appeal on overdraft fees - Los Angeles Times
Consumerist - Bank Of America Refunds $315 In Overdraft Fees Thanks To EECB - Ba...
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They will pay back the TARP along with the high interest charged
I guess this is what passes for economic recovery.
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First Posted: 08-10-09 09:45 AM | Updated: 09-10-09 05:12 AM