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Displaying results 1 - 10 of 100 items found.

1. Overdraft Abuse: Readers' Stories (Submit yours)

(Web Page; Wed Aug 18 10:35:00 CDT 2010)

Excerpts from our readers’ stories ... Had they processed the 6 small purchases first, my overdraft fee would have been only $35.00, but the way they did it, I ended up paying 2000% interest on money "borrowed" for not even 2 days!...

2. Overdraft Fee Quiz

(Web Page; Fri Aug 27 14:54:00 CDT 2010)

How Much Do You Know About Overdraft Fees?

3. Overdraft Loans Trap Borrowers in Debt (PDF)

(File; Thu Dec 10 15:05:00 CST 2009)

Description: CRL brief explains how overdraft loans trap account holders in high-cost debt to their banks.

4. Comments to the FDIC on planned survey of bank overdraft practices (PDF)

(File; Thu Dec 10 15:04:00 CST 2009)

Description: CRL makes recommendations to FDIC concerning overdraft survey.

5. Thank you for sharing

(Web Page; Wed Aug 18 10:37:00 CDT 2010)

Thank you for sharing your experience with abusive overdraft lending. We regret that we do not have the resources to respond to individual requests for legal advice; if you feel you need an attorney, you can search for one near you from...

Description: Thank you for sharing your experience with abusive overdraft lending.

6. Overdraft Explosion: Bank fees for overdrafts increase 35% in two years

(Web Page; Wed Aug 18 11:33:00 CDT 2010)

Download The Report Press Release Take Action: Ensure Stronger Consumer Protections Today's overdraft practices are designed to drive up the fee revenue of banks and credit unions and not to discourage customers from overdrawing ...

7. Overdraft Open Season

(Web Page; Mon Aug 30 09:18:00 CDT 2010)

Federal Reserve rules requiring banks to receive customers' permission before enrolling them in overdraft protection programs take effect this summer, and banks have already launched marketing campaigns to persuade customers to opt in. E...

8. Overdraft Overhaul Ahead

(Web Page; Mon Aug 30 09:19:00 CDT 2010)

New federal regulations, which take effect on July 1 and apply to existing customers starting on Aug. 15, prevent banks and credit unions from processing debit or ATM transactions unless underlying accounts have sufficient funds or the a...

9. Overdraft Loans Trap Borrowers in Debt

(Web Page; Wed Aug 18 11:34:00 CDT 2010)

OVERDRAFT LOAN = HIGH-COST NO-CHOICE CREDIT Protection? More like small loans with abusive terms. Banks and credit unions now enroll many of their account holders into the most expensive option for covering overdrafts—an option cus...

10. Overdraft Fees and Opting In Survey

(Web Page; Wed Aug 18 11:33:00 CDT 2010)

The Federal Reserve Board is considering implementing a new rule that would require financial institutions to get explicit permission before enrolling their account holders in an overdraft system that automatically approves debit card an...