Though I wouldn’t characterize more than half of them as “slipups,” Financial Edge’s”8 Slipups That Won’t Hurt Your Credit Score” does include must-know info to set your mind at ease.
Entries Tagged as 'overdraft fees'
No Worries, It Won’t Affect Your Credit Score
October 4th, 2010 · No Comments · Credit Bureaus and Scores
Tags: credit·Credit Card Companies·credit counseling·Credit Score·Interest Rates·late payments·overdraft fees
Wells Fargo Ordered to Pay $203 million for Manipulation of Overdraft Fees
August 13th, 2010 · 5 Comments · Banking
Wells Fargo just got a huge slap on the wrist for a bank fee gouging practice, called transaction sorting. Transaction sorting consists of maximizing overdraft fees by processing debits in an order favorable to the bank. It can turn a $5 cup of coffee into a $35 cup of coffee. Each overdraft cost the consumer [...]
Tags: financial reforms·overdraft fees·overdraft protection·transaction sorting·Wells Fargo
Banks to Issue New Checking, Credit Card Fees
January 4th, 2010 · No Comments · Banking, Consumer Info, Credit Cards
We’ve already seen banks rush to slip in as many money-making fees and raise interest rates as much as possible before the new credit card legislation kicks in in February. For months, banking experts having been spouting predictions on how badly the banks are going to start sticking it to us. Now the banks’ sinister [...]
Tags: Banking Industry·banks·checking·Credit Card Accountability Responsibility And Disclosure Act·Credit Cards·Fees·minimum balances·new credit card legislation·overdraft fees·paper statements
Federal Bank Adds New Regulations on Overdraft Fees
November 18th, 2009 · 1 Comment · Banking
In recent years, most banks started approving, rather than declining, debit and check transactions that exceeded what customers had in their accounts. The banks’ rationale: consumers would rather pay $39-a-pop bounce fees, banks contend, than risk embarrassment at the checkout counter. I don’t know about you, but I would rather have my card declined. We’ve [...]
Tags: ATM card·Banking·checking·checking accounts·Debit Card·Federal Reserve·overdraft fees·overdraft legislation·overdraft protection·recurring debit
