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 [...]
Entries Tagged as 'Wells Fargo'
Consumer Takes Bank to Small Claims over Overdraft Fees – and Wins!
October 2nd, 2009 · No Comments · Banking, I'm suing those guys!
Tags: Checking Account·court costs·documentary·lawmakers·Overdraft·overdraft fees·small claims court·Wells Fargo
Banks Rethink Overdraft Fees
September 30th, 2009 · 1 Comment · Banking
We’ve written about overdraft banking fees before, and they way the abuse the system to milk maximum fees. So numerous and loud were consumer complaints that Congress has responded with proposed bills in the House and Senate. The Federal Reserve is also being pressured to issued new rules. This has the banking industry [...]
Tags: bank of america·Carolyn Maloney·Christopher DOdd·Consumer complaints·JP Morgan Chase·over draft fees·overdrafts·Wells Fargo
Direct Deposit Advance Loans – Aren’t They Payday Loans?
April 15th, 2009 · 5 Comments · Banking, Budgeting, Consumer Debt, PayDay Loans
Regional banks U.S. Bancorp and Wells Fargo & Co. offer “checking account advance” loans that allow customers with direct-deposit accounts to access funds before they are credited to a customer’s account balance. The short-term loans carry annual interest rates of about 120%.
Doesn’t this sound familiar? Payday Lenders can also “advance” you money in your [...]
Tags: direct deposit·FDIC regulations·Interest Rates·Payday Lending·US Bank·usuary laws·Wells Fargo
Will Bank of America be the only bank of America?
October 1st, 2008 · No Comments · Banking
IndyMac. Wachovia. Washington Mutual. First National Bank of Nevada. First Heritage of Newport Beach. Ameribank, Inc. First Priority Bank. All these banks have now faded into history. Are more banks vunerable to seizure by the Feds or acquistion by the remaining biggest players?? You can keep up to [...]
Tags: Bank Failures·bank of america·Citigroup·IndyMac·Wachovia·Washington Mutual·Wells Fargo
