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.
- Debit Card Danger
January 25, 2007 - Comment: Proposed FDIC Survey of Overdraft Loan Programs
October 16, 2006 - Overdraft Loans: Survey Finds Growing Problem for Consumers
April 24, 2006 - High-Cost and Hidden from View: The $10 Billion Overdraft Loan Market
May 26, 2005 - Require TILA Disclosures For Overdraft Loans
June 14, 2004
