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.
- Comment: Proposed Rule Regarding Unfair or Deceptive Acts or Practices – Overdraft Practices
August 4, 2008 - Comments on proposed Regulation DD amendments re Overdraft Lending
July 18, 2008 - Shredded Security
June 18, 2008 - Require opt-in for overdraft
June 13, 2008 - Consumers Want Informed Choice on Overdraft Fees and Banking Options
April 16, 2008 - Overdraft Loans Trap Borrowers in Debt
March 18, 2008 - Billion Dollar Deal
September 24, 2007 - Testimony--Overdraft Protection: Fair Practices for Consumers
July 11, 2007 - Out of Balance: Consumers pay $17.5 billion per year
July 11, 2007 - Support HR 946
June 1, 2007
