Personal Finance Blog By MoneyRates - Checking Account
New Debit Card Overdraft Fees: Simpler, but Still Expensive
June 29, 2010
There's good news and bad news for consumers as banks comply with new Federal Reserve rules for overdraft fees. The good news: Banks are simplifying their complicated overdraft fee structures, according to a June survey of the 15 largest banks by the Consumer Federation of America. The bad news: Many are eliminating their lowest fees. [...]
What's the Right Cure for High Bank Fee Rates?
September 21, 2009
Senator Christopher Dodd is reportedly planning on introducing legislation to curb high bank overdraft charges. These charges have been on the rise lately, as banks look for various ways of shoring up profitability. Certainly, overdraft charges can seem excessive, but is legislating against them really the right solution? According to research firm Moebs Services, the average [...]
