Research & Analysis
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.
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Browse Overdraft Loans - Research & Analysis
- Out of Balance: Consumers pay $17.5 billion per year
July 11, 2007
- Support HR 946
June 1, 2007
CRL endorses Rep. Maloney's HR 946 as effective reform of bank overdraft practices.
- Debit Card Danger
January 25, 2007
CRL report includes an analysis of bank account information and a survey of account holders, finds that bank customers have more overdrafts caused by a debit card purchase than by a written check, debit card overdrafts are more costly, and survey respondents would avoid the fees if given the choice.
- Comment: Proposed FDIC Survey of Overdraft Loan Programs
October 16, 2006
Proposed FDIC Survey of Overdraft Loan Programs
- Overdraft Loans: Survey Finds Growing Problem for Consumers
April 24, 2006
CRL survey finding sixteen percent of overdraft loan users account for 71 percent of fee-based overdraft loan fees. Repeat users are more often low-income, single, non-white renters.