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Catherine New

Dollar-Stretching Gets New Workout As Fiscal Cliff Approaches | Catherine New | Posted 10.11.2012 | Money

Kids don't understand adult phrases like "fiscal cliff." What they understand is that mom says no extra milk on the cereal or no second helpings of me...

Catherine New

Bank To Charge Most Expensive Overdraft Fee Yet | Catherine New | Posted 06.08.2012 | Money

Fifth Third will have some of the most expensive overdraft fees of any big bank starting later this month. The Cincinnati-based bank has confirmed...

The Latest Bank To Raise Fees

The Huffington Post | Catherine New | Posted 05.17.2012 | Money

Another bank is raising fees. U.S. Bank is bumping up overdraft fees for all its accounts beginning June 29, the Minneapolis-based bank confirmed o...

Bank Charges Customer $300 In Overdraft Fees

The Huffington Post | Bonnie Kavoussi | Posted 05.02.2012 | Money

Even if you signed up to receive overdraft notifications from your bank, you may still be surprised by unwelcome overdraft fees piling up against your...

Bank Charges Customer $1,500 Behind His Back

The Huffington Post | Catherine New | Posted 04.09.2012 | Money

Stu Straus of West Orange, N.J., is the latest person to fall victim to a zombie bank account. According to the Star-Ledger, Straus was charged $1,...

Catherine New

How Closed Is Your Bank Account? | Catherine New | Posted 02.13.2012 | Business

Some customers who closed bank accounts at Bank of America last fall recently received an unwelcome surprise: Their accounts reopened. Perhaps even mo...

For the Banks, the Money Is in Overdraft Fees

Jean Ann Fox | Posted 05.25.2011 | Business
Jean Ann Fox

Willie Sutton is credited with saying that he robbed banks because that's where the money is. Banks know where the money is, too: overdraft fees.

CNBC Does Not Understand How Regulation Works

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

You may very well find some unpleasant new fee in a banking statement this year. But it will have nothing to do with new consumer protections, regardless of what CNBC anchors tell you.

Overdraft Protection Expires: No More Overdraft Fees Without Opting-In

Huffington Post | Adam J. Rose | Posted 05.25.2011 | Business

The era of the $35 cup of coffee has come to an end, for most. Unless a consumer chooses to opt-in for overdraft protection, their ATM and debit pu...

Move Your Money to Your Local Bank? Maybe Not Yet

Bekeh Utietiang | Posted 05.25.2011 | Business
Bekeh Utietiang

While there may be local banks that are truly interested in building up their communities, we should not be deceived that just because it is a local bank, it is good for the community.

And So It Begins: Text Messages Push The Limits Of New Overdraft Regulations

Jonathan B. Mintz | Posted 05.25.2011 | New York
Jonathan B. Mintz

With the ink barely dry on overdraft reform that still has a few months before it goes into effect, we're already seeing the first wave of industry tactics to undermine these protections.

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...