WASHINGTON — Banks will have to secure their customers' consent before charging large overdraft fees on ATM and debit card transactions, according t...
AP | ANNE FLAHERTY | Posted 10.30.2009 | Business
WASHINGTON — Senior congressional Democrats say legislation is still needed to limit how lenders charge customers who overspend on their account...
HuffingtonPost.com | Shahien Nasiripour | Posted 10.26.2009 | 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 ...
Mary Ann West | Posted 10.22.2009 | Business
Ninety percent of bank overdraft fees happen to only ten percent of checking account holders, comprising those people who are also the most vulnerable.
Christine Escobar | Posted 10.14.2009 | Business
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.
Fortune's Stanley Bing | Posted 10.08.2009 | Business
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.
newsweek.com | Daniel Gross | Posted 10.08.2009 | 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...
HuffingtonPost.com | Shahien Nasiripour | Posted 10.07.2009 | 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...
Tram Nguyen | Posted 09.25.2009 | Business
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.
J. Richard Stevens | Posted 09.24.2009 | Business
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.
washingtonpost.com | Binyamin Appelbaum and Nancy Trejos | Posted 11.21.2009 | 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...
The New York Times | RON LIEBER and ANDREW MARTIN | Posted 11.09.2009 | Business
The Federal Reserve is considering requiring banks to get permission from consumers before enrolling them in overdraft programs, so that consumers lik...
John Hood | Posted 10.19.2009 | Living
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.
Karen Stabiner | Posted 09.24.2009 | Living
It's that time of year again. All over the country, people are loading up the family car, paying airline overage for heavy suitcases, or shi...
Yahoo! News | Mon Aug 10, 3:43 Am ET | Posted 09.10.2009 | Business
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 S...
Financial Times | Posted 09.09.2009 | Business
US banks stand to collect a record $38.5bn in fees for customer overdrafts this year, with the bulk of the revenue coming from the most financially st...
Rick Horowitz | Posted 08.10.2009 | Living
I've tiptoed only so far into Techno-Dollar World. I finally started paying some of my bills online. Which was more than enough to get me into hot water.
USA Today | Posted 08.08.2009 | Business
Even as regulators crack down on abusive mortgage and credit card practices, another type of lending threatens to mire consumers in a credit trap....
New York Post | catherine curan | Posted 07.30.2009 | Business
Just weeks after President Obama signed into law new rules clamping down on runaway credit card fees, banks are accelerating their push for plastic pr...
Los Angeles Times | Maura Dolan | Posted 07.03.2009 | Business
The California Supreme Court unanimously overturned a billion-dollar class-action award against Bank of America Corp. on Monday, ruling that banks can...
AP | CHRISTOPHER S. RUGABER | Posted 11.13.2009 | Business