Sen. Chris Dodd’s battle against banking overdraft fees continues. He introduced a bill on October 19, covering ATM and debit-card transactions as well as checks. Several other Senators are on board with the reform, as the bill is co-sponsored by Senator Charles Schumer D-NY, Sen. Jack Reed D-RI,who is chairman of the Senate [...]
Entries Tagged as 'bailout'
Overdraft Fee Legislation Gaining Momentum
October 21st, 2009 · 4 Comments · Banking
Tags: bailout·Banking·Banking Industry·bounced checks·Chris Dodd·credit card fees·Diane Rehm·FAIR Overdraft Coverage Act·opt-in·Overdraft·proportional fees
700 Billion Bucks at Stake in “Bailout Billiards”
September 29th, 2008 · No Comments · Banking, Consumer Debt
Remember those tounge-twisters we loved as kids? Say this a few times quickly: “buku billion bucks buys bad bank books in bailout billiards”. Or perhaps a more appropriate gaming analogy is the Treasury Department going “all-in” in a $700 billion Texas Hold ‘Em poker bet. All kidding aside, either way, it’s a scary proposition for [...]
Tags: $700 billion bill·bailout·bailout bill·Credit Crunch·financial crisis·government bailout·housing crisis·wall street bailout
