by Rebecca Tonn Published: October 6,2009
Tags: overdraft fees
Consumers’ suspicions have been confirmed. The $24 billion in overdraft fees that banks and credit unions collected during 2008 is a 35 percent increase over 2006. The Center for Responsible Lending released results of a study today, showing that more than 50 million Americans were overdrawn on their checking accounts during a 12-month period, and [...] [...]
by Rebecca Tonn Published: September 28,2009
Tags: overdraft fees, U.S. Bank
U.S. Bank is the latest major bank to make changes to overdraft fee policies. Bank of America, Wells Fargo and J. P. Morgan Chase & Co announced changes to their policies in recent weeks. Effective during the first quarter of 2010, U.S. Bank will: Eliminate overdraft fees when a customer’s account is overdrawn by less [...] [...]
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