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Overdraft Fees

A Tale of Phrenologists and Predatory Lenders

Leah Anthony Libresco | Posted 05.25.2011 | Business
Leah Anthony Libresco

The question comes up again and again for regulators and lawmakers: when is a product so harmful that it ought not be sold at all?

End of Free Checking a Financial Squeeze: How Employers Can Help

Clare J. Morgan | Posted 05.25.2011 | Business
Clare J. Morgan

The free checking accounts many Americans enjoy will soon be a thing of the past as banks scramble to find new ways to recoup overdraft charges and other fees they're no longer allowed to impose.

Arthur Delaney

The Ballad Of Francis Timothy Coleman

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011 | Business

Francis Timothy Coleman first heard of "Privacy Assist" when a salesman called him at the end of 2009, saying he needed to verify Coleman's informatio...

Don't Pay Fees for a Checking Account

Rob Rubin | Posted 05.25.2011 | Business
Rob Rubin

There are simply too many other options available -- including community banks and credit unions -- to accept paying fees for a checking account. Here are some simple tips to avoid common charges.

The Latest Case of Big Banks Betting Against the Customers

Rob Rubin | Posted 05.25.2011 | Business
Rob Rubin

Casinos bet against their customers. Should banks? It seems like some do by encouraging us to use our debit cards so they can then hammer us with fees when we overdraw our accounts.

Arthur Delaney

When Customer Service Fails, There's Always YouTube (VIDEO)

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011 | Business

Victoria Swindell, 19, stands outside a Chase branch in San Diego on a sunny day in November. "I want my money back," she yells at the branch's faca...

Banks Pressure Customers On Overdraft Fees

nytimes.com | ANDREW MARTIN and RON LIEBER | Posted 05.25.2011 | Business

For many households trying to improve their finances, tossing out pitches from the bank has become almost automatic. But in recent weeks, Chase has be...

Arthur Delaney

Man Infuriated By Overdraft Fee Jailed After Threatening To Rob Bank

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011 | Business

A 40-year-old Pennsylvania man is in jail after threatening to rob his local Bank of America branch in revenge for an overdraft fee. Francis Coleman,...

Arianna Explains Move Your Money On Marketplace Money (AUDIO)

HuffPost Radio | Posted 05.25.2011 | Business
HuffPost Radio

Arianna made the case for Move Your Money on the radio show Marketplace Money on Friday. Move Your Money is a project that encourages account holde...

Overdraft This!

Erik Sean Nelson | Posted 05.25.2011 | Comedy
Erik Sean Nelson

Why are things a crime for the normal citizen, but daily routine for the Big Guys? Kill one person and you get life in prison. Kill 1 million people and it's called war.

ATM, Checking Fees Are Skyrocketing

newsweek.com | Daniel Gross | Posted 05.25.2011 | Business

And how does the industry that has received so much largesse from taxpayers repay the public? By jacking up fees for basic services. According to Bank...

Bipartisan Blight

Robert L. Borosage | Posted 05.25.2011 | Politics
Robert L. Borosage

Health care reform suffered the torments of partisan obstruction. Now gird yourself for financial reform and the perils of bipartisan blight.

What Consumers Can Do About Overdraft Fees

Christine Escobar | Posted 05.25.2011 | Business
Christine Escobar

Even if you're embarrassed to admit it, you're very likely among the estimated 50 million Americans who have been overdrawn on their checking account in the course of any given year.

Not 21 yet? No more credit cards for you starting Feb. 22

Patrice Peyret | Posted 05.25.2011 | Home
Patrice Peyret

My college-aged son had no idea, so you might not either: on February 22, 2010, you can't get a credit card if you're under 21 unless an adult co-sign...

Shahien Nasiripour

Ed Yingling: Banking Industry's Top Defender Got It Wrong Over and Over Again

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

As the American Bankers Association gathers for its annual convention in Chicago amid hundreds of protesters, and sets off to kill or at least defang ...

Shahien Nasiripour

As Economy Crashes, Banks Make A Killing On Overdraft Fees

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Talk about kicking people when they're down. Banks and credit unions made an eye-popping $24 billion in overdraft fees in 2008, according to a rep...

Bernanke Must Answer for Dark of Night Change in Bank Regs

David Segal | Posted 05.25.2011 | Politics
David Segal

In its new regulations, the Fed did Americans a huge disservice, doing away with consumers' potential right of recovery of overdraft charges -- which will total nearly $37.5 billion in 2009 alone.

Thanks, Mr. Banker, for My Overdraft Protection!

Stanley Bing | Posted 05.25.2011 | Business
Stanley Bing

I wonder what new things the bankers will think of next to help and protect us. One thing's for sure. I know they're thinking of something.

Arthur Delaney

BofA Customer: 'Why Can't I See Why You Took My Money?'

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011 | Business

Vartan Altounian has a simple question: Why did Bank of America hit his checking account with two $35 overdraft fees on Dec. 17 if his balance summary...

Dodd's Bill Protects Customers From Abusive Overdraft Fees

Mary Ann West | Posted 05.25.2011 | Business
Mary Ann West

Ninety percent of bank overdraft fees happen to only ten percent of checking account holders, comprising those people who are also the most vulnerable.

A Bit of a Break from the Big Banks

Tram Nguyen | Posted 05.25.2011 | Business
Tram Nguyen

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.

Add NSF Fees to the List of Commercial Banking Reforms

J. Richard Stevens | Posted 05.25.2011 | Business
J. Richard Stevens

Anyone who runs a month-to-month family budget knows that in recent years many commercial banks have slowly adjusted account policies in ways that increase their revenue from fees.

Democrats Promise Changes For Bank Overdraft Fees

washingtonpost.com | Binyamin Appelbaum and Nancy Trejos | Posted 05.25.2011 | Business

A backlash is brewing on Capitol Hill against banks that charge large fees for overdrafts without asking or telling customers, the latest sign that th...

Banks Earn $27 Billion On Debit Card Overdraft Fees

The New York Times | RON LIEBER and ANDREW MARTIN | Posted 05.25.2011 | Business

The Federal Reserve is considering requiring banks to get permission from consumers before enrolling them in overdraft programs, so that consumers lik...

Is Bank of America Bad for America?

John Hood | Posted 11.17.2011 | Healthy Living
John Hood

Here I am, one of the taxpayers who helped give Bank of America billions of dollars; hell, helped them buy Merrill Lynch for Zeus' sake! And still they fleece me every chance they can get.