Bank of America is scrapping plans for an opt-in overdraft protection program.
Entries Tagged as 'opt-in'
Wells Fargo, Take Note: BofA Scraps Plans for Opt-In Overdraft Protection
November 10th, 2011 · 2 Comments · Banking
Tags: bank·bank of america·opt-in·ovedraft protection·overdraft fees·Wells Fargo
Overdraft Fee Legislation Gaining Momentum
October 21st, 2009 · 8 Comments · Banking
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 Banking Subcommittee [...]
Tags: bailout·Banking·Banking Industry·bounced checks·Chris Dodd·credit card fees·Diane Rehm·FAIR Overdraft Coverage Act·opt-in·Overdraft·proportional fees
