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 'Overdraft'
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
Consumer Takes Bank to Small Claims over Overdraft Fees – and Wins!
October 2nd, 2009 · No Comments · Banking, I'm suing those guys!
I thought I would share with you a great video which documents one consumer’s fight against the usurious fees charged by the banks for overdrafts. Due to consumer unhappiness and petitioning, U.S. lawmakers have proposed new overdraft fees which has the banks quaking in their shoes. As a result, some banks have [...]
Tags: Checking Account·court costs·documentary·lawmakers·Overdraft·overdraft fees·small claims court·Wells Fargo
Debit or Credit Cards – Which is Better?
August 17th, 2009 · 5 Comments · Credit Cards
When we say debit in this article, we mean don’t just mean ATM cards, but any card which is tied to your checking or savings account. This includes debit cards which can be used like credit cards.
I’ve always personally thought that credit cards are better than debit cards. Here are some [...]
Tags: Blocking·Credit Cards·Debit Cards·fraud·insufficient funds·Overdraft·protections·rewards programs·transactions
Bank Fees Rise Again
November 12th, 2008 · No Comments · Banking
Overdraft and ATM withdrawal fees have risen a great deal since 2007, as have bounced check charges. According to a recent national survey, the average fee for a bounced check is $28.95, which shows a 2.5% increase over the last year. ATM fees for non-members have swollen even faster; a shocking increase brought the average [...]
Tags: ATM·bank fees·Check Charge·Free Checking·Increase Over Last Year·Overdraft·Withdrawl
