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Overdraft Fees Under Scrutiny Once Again

Business & Finance / Personal Finance : MoneyBuilder

The Consumer Financial Protection Bureau formally announced this week that it will investigate the overdraft fees that banks charge on checking accounts. Overdraft fees are charged by banks when customers try to spend more money tha...

Banks Hike Overdraft Fees After Regulatory Clampdown Hits Revenues

Business & Finance / Investing : Great Speculations

The reason is not because the banks have found a loophole in the rules. They have simply hiked their overdraft fees, and are marketing overdraft facilities more heavily to customers. As a result, although total overdraft fees genera...

RBS Had A Massive Computer Glitch And Now It's Letting Customers Overdraft £100 With No Fees

Business & Finance : Business Insider: Clusterstock

It's been six days and the Royal Bank of Scotland's customers are still having to deal with major problems caused by the bank. Last week, a routine software upgrade by the bank failed causing a massive backlog of customer transactio...

3 Easy Ways to Avoid Overdraft Fees

Business & Finance / Personal Finance : Savings Experiment

Alamy Most banking customers know how costly overdraft fees can be. But with banks relying on those fees to an increasing extent, it's more important than ever to avoid overdrafts once and for all. According to a report released thi...

Federal Reserve Finalizes New Overdraft Rules

Business & Finance : Business: The Atlantic

The Federal Reserve today issued its final rules concerning bank overdraft fees. About a month ago, I wrote about how several prominent banks had already begun allowing customers to opt out of the ability to incur overdraft fees. Wh...

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