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Entries Tagged as 'increased banking costs'

Banks Increasing Reliance on Income From Late and Over-the-Limit Fees

June 25th, 2008 · No Comments · Banking

Isn’t Congress supposed to be doing something about $40 late and over the limit fees From 2002 to 2006, the nation’s ten largest banks increased their reliance on fees by 17%. From 1994 –2005, over–the-limit fees in the credit card industry more than doubled, while late fees nearly quadrupled. Interchange fees–fees credit card issuers charge [...]

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