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Overdraft Fees

Bank Accused Of Profiting Off Customer Math Errors

The Huffington Post | Harry Bradford | Posted 05.09.2012 | Business

Amidst debate over how much banks value clients, one among them stands accused of purposefully profiting off the math errors of its own customers. ...

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...

Citizens Bank Settles Overdraft Fee Lawsuit for $137.5 Million

The Huffington Post | Catherine New | Posted 04.26.2012 | Money

Citizens Bank is the latest bank to settle in a massive class action lawsuit over dodgy overdraft fee practices. On Wednesday, the midsize New England...

Watchdog Probing Whether Overdraft Programs Go Far Enough

Posted 04.20.2012 | Business

The top consumer watchdog is scrutinizing big banks to see if their overdraft protection policies are doing enough to keep Americans from unwittingly ...

Bank Lets Old Woman Rack Up Astronomical Fees

The Huffington Post | Catherine New | Posted 04.06.2012 | Money

So much for local banks behaving better than the big ones. Webster Bank, a regional bank with 165 branches southern New England and New York, allo...

This Bank Is Lowering Some Fees

The Huffington Post | Khadeeja Safdar | Posted 03.14.2012 | Money

Just as most banks are increasing fees, JPMorgan Chase is moving in a different direction. In a letter sent to customers this week, the bank announced...

Catherine New

He Fought Bank Fees And Won

HuffingtonPost.com | Catherine New | Posted 03.05.2012 | Money

It was the train ticket to bank-fee hell. Three days after Taylor McKinley, 27, closed his checking account at Fifth Third Bank, an automatic $10 ...

JPMorgan Chase Primarily Interested In Ballers, Shot-Callers

The Huffington Post | Alexander Eichler | Posted 02.29.2012 | Business

If you've got less than a hundred grand in the bank, JPMorgan Chase is just not that into you. At a presentation to investors this week, JPMorgan e...

Bank of America Can Charge You This Much In Fees In One Day

The Huffington Post | Catherine New | Posted 02.23.2012 | Business

Bank of America can lift at least $140 in fees off a customer in one day if he or she doesn't have enough money in the bank. That is the high cost...

Government Considering Cracking Down On Overdraft Fees

Reuters | Posted 04.22.2012 | Business

By Dave Clarke WASHINGTON, Feb 21 (Reuters) - The new U.S. Consumer Financial Protection Bureau is weighing a crackdown on checking a...

Catherine New

Capital One Says It Won't Ruin ING Direct

HuffingtonPost.com | Catherine New | Posted 02.16.2012 | Business

Capital One said it won't change a thing for customers at much-beloved ING Direct, responding to consumer groups worried that its acquisition of the o...

Catherine New

Overdraft Settlements Cost Banks A Small Fraction Of What's Netted In Fees

HuffingtonPost.com | Catherine New | Posted 02.07.2012 | Business

When compared with the billions of dollars big banks have rung up in overdraft fees over the last decade, recent settlements with customers over unfai...

Big Bank To Pay Millions To Settle Charges Of Excessive Overdraft Fees

Reuters | Posted 04.07.2012 | Business

* Largest U.S. bank reaches preliminary settlement * More than 30 lenders sued over overdraft fees * Bank of America $41...

GRAPHIC: Everything You Need To Know About Bank Fees

The Huffington Post | Posted 01.28.2012 | Business

Don't like keeping all of your money stuffed underneath the mattress? That could cost you a pretty penny. Banks collected $29.5 billion in overdra...

BofA Allegedly Modified Home Loans To Keep Complainers Quiet

The Huffington Post | Alexander Eichler | Posted 03.27.2012 | Business

In an attempt to clean up its battered image, Bank of America allegedly provided mortgage assistance to customers willing to drop complaints about the...

Catherine New

Overdraft Fees Reach A New High

HuffingtonPost.com | Catherine New | Posted 01.18.2012 | Business

The cost of not having enough money just got steeper. The median overdraft fee banks charge customers surged to $30 from $27.50 last year, accordi...

Catherine New

Banks May Get Creative With Fees In 2012

HuffingtonPost.com | Catherine New | Posted 12.29.2011 | Business

Squeezed by regulations under the Dodd-Frank financial reform law, banks are looking to find new ways to wring fees from customers. In 2012, expect to...

Report: BofA To Lose Most From Overdraft Fee Rules

The Huffington Post | Jillian Berman | Posted 12.20.2011 | Business

Try as they may, Bank of America just can't catch a break. In the latest BofA bad news, it appears that the bank has the most to lose from new fee...

Catherine New

How Banks Get You On Overdraft Fees [GRAPHIC]

HuffingtonPost.com | Catherine New | Posted 11.22.2011 | Business

Under pressure from regulators and lawyers, nearly all banks have stopped the predatory practice of reordering debit-card purchases to gouge customers...

Judge Approves $410 Million Settlement In BofA Overdraft Suit

AP | CURT ANDERSON | Posted 01.07.2012 | Business

MIAMI — A federal judge on Monday gave final approval to a $410 million settlement in a class-action lawsuit affecting more than 13 million Bank...

Big Banks Still Raking In Billions From Overdraft Fees

Posted 12.21.2011 | Business

Despite bank officials wailing about how financial reforms may hurt their bottom line, banks will rake in billions this year thanks to fees they're ch...

Bank of America, Adam Smith and a Fee Market System

Adam Levin | Posted 12.09.2011 | Business
Adam Levin

In keeping with the new Durbin-inspired trend of candor and brevity, Bank of America CEO Brian Moynihan justified the new fee by saying, "we have the right to make a profit." Translation: I think they need the dough.

Overdraft Fees Remains Steep At Big Banks One Year After Reform

AP | By CANDICE CHOI | Posted 10.04.2011 | Business

NEW YORK -- The country's largest banks are still charging steep overdraft fees. A survey released Wednesday by the Consumer Federation of America fo...

Bank May Face Class-Action Suit From Customers For Overdraft Fees

The Huffington Post | Alexander Eichler | Posted 09.27.2011 | Business

In 2003, the San Francisco-based Union Bank adopted a new practice that allowed it to begin charging its customers more overdraft fees. Now, the custo...

Big Banks Are Still Sassy, but Their Branch Offices Are Running Scared

Nicholas Carroll | Posted 08.02.2011 | Business
Nicholas Carroll

As the big banks shrink in assets by their own choices, average Americans can help them shrink to a size where they're no longer Too-Big-To-Fail. Because somewhere ahead is a tipping point, where they become Small Enough To Fail.