Research & Analysis
HIGHLIGHT
In addition to CRL’s extensive research documenting unfair overdraft practices, the FDIC and the Government Accountability Office have both produced reports outlining the abuses. CRL’s latest estimate of the overall cost of unauthorized overdrafts to Americans every year is $23.7 billion. We have also found that debit overdrafts cost $2 for every dollar “borrowed” from the bank to cover them.
- Banks Target, Mislead Consumers As Overdraft Deadline Nears
August 5, 2010 - National Bank Regulator Enabled Overdraft Abuses
February 24, 2010 - More banks are denying debit card overdrafts
November 4, 2009 - Support H.R. 3904, the Overdraft Protection Act of 2009
October 29, 2009 - The Overdraft Protection Act of 2009
October 29, 2009 - Senate bill S 1799 would reform out-of-control overdraft practices
October 23, 2009 - Overdraft Explosion: Bank fees for overdrafts increase 35% in two years
October 6, 2009 - Quick Facts on Overdraft Loans
April 9, 2009 - Comments on Regulation E—Overdraft Practices
March 30, 2009 - Overdraft Fees and Opting In Survey
March 23, 2009
