POLITICS

Senate Bill Would Restrict Banks Overdraft Charges

03/18/2010 05:12 am ET | Updated May 25, 2011

In the latest attack on overdraft fees charged by banks, Christopher J. Dodd, the Connecticut Democrat who heads the Senate Banking Committee, introduced legislation on Monday to limit the number of fees charged to one per month, and to require a bank to seek consumers' permission to cover debit card and check purchases that would push their bank balance below zero.

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