Research & Analysis

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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.

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  • Banks in California cannot deduct overdraft fees from Social Security benefits
    Published: Dec 14 2007      Issue: Overdraft Loans

    CRL's amicus briefs in support of the plaintiff class in Miller v. Bank of America. CRL argues that California law concerning banks' set-off powers forbid banks from deducting overdraft fees from...

  • Billion Dollar Deal
    Published: Sep 24 2007      Issue: Overdraft Loans

    As two trends collide—increasing use of debit cards among young adults and increasing use of abusive overdraft practices among major banks—college students and young workers just starting their...

  • Testimony--Overdraft Protection: Fair Practices for Consumers
    Published: Jul 11 2007      Issue: Overdraft Loans

    Testimony of Eric Halperin Before the U.S. House Committee on Financial Services Subcommittee on Financial Institutions and Consumer Credit.

  • Out of Balance: Consumers pay $17.5 billion per year
    Published: Jul 11 2007      Issue: Overdraft Loans
  • Support HR 946
    Published: Jun 1 2007      Issue: Overdraft Loans

    CRL endorses Rep. Maloney's HR 946 as effective reform of bank overdraft practices.

  • Small Loan CRA Comment
    Published: Feb 2 2007      Issue: Car Title Loans, Overdraft Loans, Payday Loans

    CRL Comment to the Federal Deposit Insurance Corporation on its proposed guidelines for affordable small-dollar loans.

  • Debit Card Danger
    Published: Jan 25 2007      Issue: Overdraft Loans

    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,...

  • Banks in California cannot deduct overdraft fees from Social Security benefits
    Published: Jan 22 2007      Issue: Overdraft Loans

    CRL's amicus briefs in support of the plaintiff class in Miller v. Bank of America. CRL argues that California law concerning banks' set-off powers forbid banks from deducting overdraft fees from...

  • Comment: Proposed FDIC Survey of Overdraft Loan Programs
    Published: Oct 16 2006      Issue: Overdraft Loans

    Proposed FDIC Survey of Overdraft Loan Programs

  • Overdraft Loans: Survey Finds Growing Problem for Consumers
    Published: Apr 24 2006      Issue: Overdraft Loans

    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.

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